Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge of $22 billion because of the tax cut. And its stock went up. Here's why. Citigroup, like other financial firms, had to adjust the value of so …
Over the past year, shares of Citigroup (NYSE: C) have climbed 47%. That's more than double the return on the S&P 500, and it comfortably exceeds other big banks as well, with the KBW Bank Index returning 38% since this time last year. …
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It is time for Michael Corbat to change the narrative at Citigroup Inc. Continue Reading Below Since taking the bank's helm in October 2012, Mr. Corbat's Citigroup has played defense. It has scaled back businesses, shrunk the firm's global …
How useful are stock ratings? A glitch at Citigroup spanning more than four years has given ... While the reforms were implemented years ago, analysts have told Quartz that they still feel pressured to provide positive “buy” ratings on the …
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Deposits climbed 3 percent to $964 billion, and end-of-period loans ticked higher by 2 percent to $653 billion. Citigroup’s stock initially traded higher by 0.4 percent. Investors generally see a positive environment for big banks headed into 2018.
NEW YORK (CNNMoney) - Short-term pain. Long-term gain. Big banks are taking huge hits to their profits because of the corporate tax cut. Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge …
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Big banks are taking huge hits to their profits because of the corporate tax cut. Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge of $22 billion because of the tax cut. And its stock went up. …
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The selling in bank stocks reached a fever pitch Thursday, and that has shares of Citigroup Inc (NYSE:C) looking mighty vulnerable. Indeed, C stock is on the cusp of completing a classic head-and-shoulders pattern that could send shares …
Citigroup (NYSE: C) has done a lot over the past decade to streamline its operations and reduce risk, but it's still one of the riskiest banks you can invest in. One place this shows up is in Citigroup's source of funds. To understand this, it's …