Citigroup
Citi profit drops as costs rise for employee severance, deposit insurance
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By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s profit fell in the first quarter as it spent more on severance payments for ...
Big bank profits likely fell in first quarter but investors don’t seem worried
Business
Big banks churned out more profits for much of 2023 as regional lenders struggled, but their performance in the first quarter of ...
3 Incredibly Cheap Bank Stocks to Buy Now
Business
The market has rallied impressively over the past several months, with the S&P 500 index reaching all-time highs that confirm a new ...
Why Snowflake Stock Dived by Almost 6% Today
Business
A pundit at a prominent bank got notably less bullish on Snowflake (NYSE: SNOW) stock as the trading week kicked off, and ...
Warren Buffett Tells Citi CEO to Continue Overhaul, Reuters Says
Business
(Bloomberg) — Citigroup Inc. Chief Executive Officer Jane Fraser said billionaire investor Warren Buffett had urged her to continue with the bank’s ...
Citigroup discloses billions in one-time charges and reserves ahead of earnings report Friday
Business
Citigroup (C) is in the middle of a complicated restructuring. It made it clear Wednesday that its fourth quarter earnings report Friday ...
Wall Street CEOs are sounding even more somber about the near future
Business
Some of Wall Street’s top executives were cautious about the direction of the economy when they released their third-quarter earnings results in ...
The new strategy for US banks: Shrink
Business
Citigroup (C) is stripping out five layers of management. US Bancorp (USB) is pledging to shrink its balance sheet so it can ...
