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Citigroup (C) said Monday it earned a surprising $4.4 billion in the first quarter, its highest profit in almost three years. The poster child for "too big too fail" easily topped Wall Street ...
Analysts expect the New York-based company to report quarterly earnings at $1.21 per share, up from 84 cents per share in the year-ago period. Citigroup projects quarterly revenue of $19.42 ...
The Institutional Brokers' Estimate System (I/B/E/S) is a service founded by the New York brokerage firm Lynch, Jones & Ryan and Technimetrics, Inc. I/B/E/S began collecting earnings estimates for U.S. companies around 1976 and used the raw data to calculate statistical time series for each company.
Citigroup repaid $20 billion of the bailout money in December 2009 and the Treasury sold its remaining stake one year later, for a total net profit of $12 billion. [56] In December 2008, investors filed a lawsuit contending that Citigroup executives, including Rubin, sold shares at inflated prices while concealing the firm's risks. [57]
Suncor Energy (SU) agreed to buy rival Petro-Canada (PCZ) for about $14.86 billion. While the deal comes after a period of missed earnings targets and project delay at Petro-Canada, the all-share ...
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On October 16, 2012, then CEO Vikram Pandit unexpectedly resigned and was replaced by Michael Corbat. [6] The New York Times later identified O'Neill as the driving force behind a months-long secret effort to oust Pandit, which culminated in a surprise ultimatum to Pandit stating that he must resign immediately, resign at the end of the year, or be fired. [7]
Citigroup's (C) Q3 results reflect rise in market revenues and strong underwriting business, along with elevated expenses and credit costs.