C News and Press, Citigroup Inc. From 01/17/24

2024-01-17 05:27:27 ET Summary Citigroup's Q4 and full-year FY23 results may initially seem disappointing, but CEO Jane Fraser has made tangible progress in the bank's turnaround program. Despite macro challenges, C's focus on core banking operations and cost reductions positions ...

2024-01-17 00:35:00 ET Summary Banks kick off earnings season on a sour note. The LERI shows corporate uncertainty easing to its lowest level since 2015. Up next: Morgan Stanley, Goldman Sachs, Taiwan Semiconductor Manufacturing, Birkenstock. Peak weeks for Q4 season run f...

2024-01-16 15:52:07 ET More on Citigroup Citigroup: 20,000 Job Cuts Big Step Towards Richer Earnings And Investor Payouts Citigroup: After A Monstrous Surge, It's Time To Play Defensive (Downgrade) Citigroup plans to cut 20K jobs in the next two years, CFO says - rep...

2024-01-16 10:48:45 ET Summary John Hancock Preferred Income Fund II aims to provide high current income by investing primarily in preferred securities. The fund has a 9.02% yield, higher than most investment-grade bond funds and other preferred stock funds. The fund's share p...

2024-01-16 07:30:00 ET A group of technology giants dubbed the "Magnificent Seven" was responsible for a large proportion of the 26.3% gain in the S&P 500 last year. That's because their collective valuation of $12 trillion makes up 28% of the index, so they have a huge influence ov...

2024-01-15 08:54:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2024-01-15 01:17:49 ET Summary Several successful companies, including Discord, Audible, Alphabet, Instagram, Twitch, Unity Software, BlackRock, and Citigroup have announced layoffs. Large corporations are focusing on efficiency and cost-cutting measures, leading to a decrease in ...

2024-01-14 00:44:25 ET Summary Citigroup reported a worse-than-expected top line and a $1.8 billion loss, but the loss was mostly due to restructuring charges. The bank announced plans to cut 20,000 jobs and exit competitive and risky businesses to simplify operations and optimize...

2024-01-13 11:28:49 ET Summary Citigroup stock has recovered nearly 45% from its October 2023 low, normalizing its earnings multiple with its 10Y average. As a result, C's surging optimism reversed its gloomy pessimism in just three months, outperforming its financial sector peers...

2024-01-12 23:58:39 ET Summary Citi reported strong earnings on January 12, but fell short of revenue expectations. The institution reported robust overall results, with a very healthy 13.3% Tier 1 Capital ratio. Citi's Series J preferred shares are yielding over 9.4%, after n...