In an effort to diversify its post-trade service providers beyond long-time partner State Street STT, BlackRock, Inc. BLK is including The Bank of New York Mellon Corporation BK, Citigroup Inc. C and JPMorgan JPM as custodians for servicing its...
Related topics: Banking, J.P. Morgan Chase & Co.
Citigroup (C) closed at $62.52 in the latest trading session, marking a -0.38% move from the prior day. This move lagged the S&P 500's daily gain of 1.17%. Meanwhile, the Dow gained 1.87%, and the Nasdaq, a tech-heavy index, added 0.62%.Prior to...
Related topics: Nasdaq, US Equity Markets
Monday afternoon's analyst upgrades and downgrades included American Airlines, Biogen, Citigroup, EA, Gilead, Meta, Micron, Zscaler and more.
Related topics: American Airlines
Kazi Awal/InsiderMark Mason, Citigroup's chief financial officer.Citigroup
Citigroup, one of Wall Street's largest banks, is prioritizing consumer-banking technology.
CFO Mark Mason told Insider about how Citi is using data to inform new...
Related topics: Banking
Many, including myself, have been bullish on the planned transformation of Citigroup (NYSE: C) being led by new CEO Jane Fraser. But the market, having seen one too many promises from the megabank over the years, has not yet taken to the plan, with...
Related topics: US Equity Markets
Chief financial officers told Insider about their biggest opportunities and challenges.Square, Zapier, Turo, Framebridge, Visa, Salesforce, Whoop, QuantumScape, The Sill, Citigroup, Compass; Edited by Kazi AwalKazi Awal/InsiderThis article is part...
Related topics: Salesforce (business)
Analysts at Citigroup initiated coverage on shares of Linde (NYSE:LIN) in a research report issued on Friday, The Fly reports. The brokerage set a “buy” rating on the basic materials company’s stock.
LIN has been the subject of...
Related topics: US Equity Markets
Citigroup Inc. C has joined forces with Taskize Limited for a strategic agreement to combine the latter’s structured workflow capabilities with Citigroup’s industry-leading proprietary custody network present in more than 60...
In an effort to strengthen and enhance its presence in the digital asset space, Citigroup Inc. C is set to hire 100 additional people to its blockchain and digital assets division. The move comes amid increasing institutional investor demand for...
Related topics: Blockchain
Shares of computer memory maker Micron Technology (NASDAQ: MU) are marching higher as the week winds down Friday, topping 7% in 11:35 a.m. ET trading on the back of positive commentary from Wall Street. As Citigroup reports today, the price...
Related topics: Nasdaq, US Equity Markets
After new CEO Jane Fraser took over the top management spot earlier this year, Citigroup (NYSE: C) began what looks to be a multi-year strategy refresh. It involves correcting regulatory issues, simplifying the bank, investing in businesses that the...
Related topics: US Equity Markets, Banking
How in the world can anybody predict the top stocks of 2035?When developing a potential list, the first thing I did was go backward and look at the top 10 stocks of 2005. They were: 1. General Electric, 2. ExxonMobil, 3. Microsoft, 4. Citigroup, 5....
Related topics: General Electric, Microsoft (MSFT)
Citigroup Becomes First Wall Street Megabank To Commit To "Racial Audit"
The fact that America's biggest banks (not to mention many of its biggest companies) have embraced virtue-signaling on issues like racial equality and...
Related topics: Banking
Citigroup's (NYSE: C) third-quarter earnings results were fine, with the bank generating $2.15 in earnings per share on revenue of about $17.2 billion, both numbers that beat analysts' projections. However, those numbers failed to really excite...
Related topics: Earnings Per Share, US Equity Markets, Banking
The S&P 500 Index wrapped up its best week since July, climbing 1.8% on encouraging quarterly earnings releases from several companies.Major banks like Citigroup C, Goldman Sachs GS and Bank of America BAC came up with an earnings beat last...
Related topics: Banking, Goldman Sachs, Bank Of America
Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go - click here for iOS and here for Android.On the agenda today:Credit Suisse has lost another senior banker to...
Related topics: Android
For Immediate ReleaseChicago, IL – October 14, 2021 – Zacks Director of Research Sheraz Mian says, “"For the 26 S&P 500 members that have reported Q3 results through Wednesday, October 13th, total earnings and revenues are...
Related topics: J.P. Morgan Chase & Co., Morgan Stanley, Bank Of America, Banking
I have written frequently about why I think the megabank Citigroup (NYSE: C) at the past few months' levels. Over the long term, I expect shares to rise substantially as the bank executes its refresh strategy and corrects its regulatory issues....
Related topics: US Equity Markets, Banking
Citigroup (C) closed at $72.53 in the latest trading session, marking a +1.74% move from the prior day. This move outpaced the S&P 500's daily gain of 1.05%.Heading into today, shares of the U.S. bank had gained 0.17% over the past month, outpacing...
Related topics: Banking
FILE PHOTO: A woman walks past a Citibank logo displayed outside the Citibank Plaza in Hong Kong
Reuters
Citigroup was massively bailed out by US taxpayers because it failed to manage key financial risks.
The bank is exposed to huge risks of...
Related topics: World Photos, Hong Kong, Reuters