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Even though it's still on life support from the federal government, Citigroup (C) paid close to $9 million each to five top executives in 2009, according to a report in The Wall Street Journal on ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
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 ...
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]
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.
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 ...
On February 27, 2009, the U.S. Government converted preferred shares to common shares to increase Citigroup's tangible common equity. [3] In this example, the company's total equity remained the same, but its preferred equity decreased, thereby increasing common equity (and TCE).
With analysts upgrading the bank left and right, investors should keep their eyes peeled for three areas in the Citigroup earnings release for evidence that new CEO, Michael Corbat, 3 Signs This ...