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Thanks to the earnings reports from Wells Fargo (NYS: WFC) and JPMorgan Chase (NYS: JPM) on Friday, we have a bit of color on the banking sector -- and a bit of a jump start on what to expect as ...
It's that glorious time of year again: earnings season. While we're still at the beginning of the quarterly ritual, investors have already heard from two of the four largest banks in the country ...
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.
Shares in Citigroup (NYS: C) are up sharply after the nation's third-largest bank by assets reported adjusted earnings that beat analysts' estimates. Excluding a number of one-time charges, the ...
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]
Earnings season has begun, and next Monday, Citigroup will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they ...
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 ...