Citi Shares Jump on Earnings Beat, Stock Buyback Plan
Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.
Stocks held onto a rally Wednesday as core U.S. consumer price inflation was cooler than expected in December and some of the ...
Citigroup Inc. said it expects full-year 2025 revenue of $83.5 billion to $84.5 billion amid a healthier deal environment. The projection is ahead of the current FactSet consensus estimate for 2025 ...
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence ...
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients, Bloomberg reported.
Follow here to see if Wall Street can add to the big gains seen midweek after cooler inflation saw Treasury yields plunge, ...
Morgan Stanley analyst Betsy Graseck maintained a Buy rating on Citigroup (C – Research Report) today and set a price target of $109.00. The ...
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