Citi Swings to a Profit and Announces $20B Stock Buyback
Citigroup reported fourth-quarter results that exceeded expectations, sending shares higher in pre-market trading Wednesday.
Citi Stock Jumps After Bank Swings to Profit
Citigroup’s fourth-quarter results just landed. The bank swung to a profit, boosted by stronger revenue in divisions including equity markets and investment banking. Some key numbers: Net income came in at $2.
Citigroup Swings to Profit on Trading Strength, Surging Deals
Wall Street's dealmakers have also cashed in on a revival in mergers, acquisitions and initial public offerings after an almost three-year-long dry spell. Banks' capital markets businesses got a boost in the second half of 2024 as corporate clients issued more debt and equity.
Citi Reports Strong Earnings Across the Board, Announces $20B Buy Back
Citigroup reported stronger-than-expected Q4 results, with revenue rising across all main business lines and net income beating estimates. Citi will also buy back $20 billion in stock. The bank reported earnings of $1.
Citi Announces $20B Buyback
Citigroup Inc. lowered a crucial profitability target central to Chief Executive Officer Jane Fraser's plan to turn around the bank, but offered investors a sweetener in the form of share buybacks. Bloomberg's Todd Gillespie has the story.
Citigroup Stock Jumps on Earnings, $20 Billion Stock Buyback News
Citigroup stock is soaring Wednesday after the big bank topped earnings expectations and unveiled a massive stock buyback program. Here's why that's important.
Citigroup stock climbs after posting Q4 earnings beat; announces $20B stock buyback
Citigroup (NYSE:C) stock gained 5.6% in Wednesday premarket trading after the megabank posted better-than-expected Q4 results and approved a $20B stock buyback program. Furthermore, the company expects its net interest income to rise in 2025.
Citi beats profit on trading strength, but cuts return targets after 'critical' year
Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion ...
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Citi Stock Rises After Q4 Profit Beat, Fresh $20 Billion Share Buyback Plan: Retail Elated
Citigroup shares rose more than 6% on Wednesday after the bank topped Wall Street estimates for fourth-quarter profit on ...
Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time ...
Citi Outperforms Analyst Expectations With 12% Revenue Growth, Confirms $20 Billion Buyback Plan
Citi enjoyed a solid quarter, with a revenue beat driven by net interest income. The board approved a new $20 billion share buyback program.
Bank of America’s Profit More Than Doubles, Tops Wall Street Forecasts
Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier ...
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Citigroup turns to profit in fourth quarter, revenue up 12%
Citigroup on Wednesday reported fourth quarter net income of $2.9 billion, compared to a net loss of $1.8 billion in the ...