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 …
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 …
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 …
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.
Once upon a time, Citigroup Inc ( C) was the prototypical financial supermarket, but today - even amid restructuring - analysts are calling for a complete breakup of the firm to juice C stock. Today, Keefe, Bruyette and Woods said that …
Leon Cooperman, Omega Advisors Chairman & CEO, shares his stock picks, including Google Alphabet, and also discusses why he opted out of Citigroup and Netflix. “Fast Money Halftime Report” trader Jon Najarian discusses why …
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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