Tag: Citigroup

June 5, 2017

Citigroup (C) is the sole giant bank you should consider buying this summer. Sorry fans of JP Morgan Chase & Co.  (JPM) , Wells Fargo (WFC) and Bank of America (BAC) . Shares of Citigroup are up almost 35% over […]

April 14, 2017

Citigroup (C) said Thursday that net income surged 17% during the first quarter, as market optimism over President Donald Trump’s tax-cutting and deregulatory proposals drove a frenzy of bond and stock trading. Net income was $4.1 billion, or $1.35 a share, […]

March 28, 2017

Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the bank’s Asia-Pacific markets, underscoring moves by banks to monetize their network of branches and customer base as demand for insurance grows in the region, a person with […]

March 3, 2017

The focus is back on bank stocks after the Federal Reserve suggested that the market has underpriced the possibility of a March rate hike. Bank of America (BAC) and Wells Fargo (WFC) are two stocks which demand investor interest. Bank […]

February 2, 2017

Citigroup (C) has been bouncing higher in an uptrend since June. Buy the dips. United Continental Holdings (UAL) is a textbook ascending triangle setup – it’s a buy above $76. MGM Resorts International (MGM) triggers a buy signal if shares […]

January 31, 2017

Citigroup,  (C)  which agreed Monday to sell servicing rights on about 780,000 home loans, will use the resulting capital to expand in new mortgages, a business where CEO Michael Corbat sees potentially higher returns. New Residential Mortgage (NRZ) will pay Citi […]

November 17, 2016

Citigroup (C) , the U.S. bank that’s pledged to pump $2.5 billion of new investment into Mexico, remains undaunted in its commitment despite Donald Trump’s victory in the U.S. presidential race, which dragged the peso down by 10%. The lender, which […]

June 21, 2016

Banks spend a great deal of time, money, and energy building technology to compete with fintech companies, but the CEO of innovation software maker Spigit has a message: Don’t bother. Why is that? “You’re too late,” Spigit CEO Scott Raskin told […]

June 6, 2016

Shares of Citigroup ( C) fell Friday after company CEO Mike Corbat suggested Citi’s second quarter net income will drop by 25 percent when it reports results in mid-July. Read More on TheStreet

May 26, 2016

Citigroup on Wednesday became the latest big bank accused of trying to manipulate global interest rates, a reminder of Wall Street’s wide-ranging abuse of power in these markets. The Commodity Futures Trading Commission, a federal regulator that oversees Wall Street, […]

May 6, 2016

Citigroup is planning to launch voice recognition technology to its retail customers, as part of its drive to digital banking. It says it will be the first bank in Asia to do this and is targeting one million Asian users […]

February 29, 2016

Citigroup Inc. has reached a deal to sell its $3 billion stake in China Guangfa Bank to China Life Insurance Co., according to people familiar with the matter. The New York-based bank C, -0.35%   is offloading the 20% stake […]