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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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 …
Citigroup Inc. (C) said that it intends to apply for the delisting of its common stock from the Tokyo Stock Exchange or TSE. Delisting is expected to come into effect by the end of August 2016, subject to receipt of TSE approval. Citi has …
TOKYO, July 21 (Xinhua) -- Citigroup Inc. announced Thursday that it has submitted an application for delisting its common stock from the Tokyo Stock Exchange (TSE) due to low trading volume there. Delisting is expected to come …