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2023-07-20 12:30:00 ET Summary For the quarter, Bank of America, Citigroup and JPMorgan collectively made $10 billion more interest, year-on-year. Rates will fall, but not soon. And checking account deposits – a form of almost-free funding – are still 51% higher at B...
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Zhejiang Yongtai Technology Co., Ltd. (“Yongtai”) – a leading manufacturer of fluorine-containing fine chemicals in the industry – to act as the Depositary Bank for its Global Depositar...
2023-07-19 05:53:00 ET Summary S&P 500 EPS growth for Q2 2023 is set to come in at -7.1%, the lowest rate in 3 years and the third consecutive quarter of negative earnings growth. The LERI shows corporate uncertainty increasing to its highest level since the pandemic. Why ...
Uncertainties about the outlook for global growth driving change Client experience and Digital delivery remains top priority Regulatory environment remains top challenge for industry Preference for outsourcing technology development New research from Citi Business Advisory S...
2023-07-18 14:47:59 ET Summary BlackRock Enhanced Equity Dividend Fund is trading at a more attractive discount due to its portfolio outperforming market price results, presenting a potential opportunity for investors. The fund provides exposure to the value-oriented sectors rathe...
2023-07-18 08:15:00 ET Summary Victor Dergunov runs The Financial Prophet and today talks Q2 earnings, Fed's probable pivot, inflation, and high quality stocks. Continue to buy high quality companies on pullbacks and why Victor believes in Tesla. Tech sector favorites and Netf...
2023-07-18 06:45:25 ET Bank of America press release ( NYSE: BAC ): Q2 GAAP EPS of $0.88 beats by $0.05 . Revenue of $25.2B (+2.9% Y/Y) beats by $260M . Net interest income ( NII ) up $1.7 billion, or 14%, to $14.2 billion ($14.3 billion FTE)( C ) , dri...
2023-07-18 05:40:00 ET The FAANG stocks have been among the best performers across the entire market since the acronym was coined in 2017 by CNBC commentator Jim Cramer. The FAANG acronym references: However, since 2017, stock market leadership has evolved. The latest group of stock...
2023-07-17 19:27:16 ET Summary Citigroup Inc. and Wells Fargo & Company are still adapting to changes in the commercial banking industry. Both institutions are in the process of redefining themselves amidst industry changes. The two large commercial banks are navigating ...
2023-07-17 10:46:01 ET With many banks and strategists still expecting a recession within the next year, provisions for credit losses and credit loss reserves are being closely watched by investors. Citigroup ( NYSE: C ) on Friday disclosed its Q2 results , reflecting the rising...
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2024-07-30 09:00:15 ET Betsy Graseck from Morgan Stanley issued a price target of $79.00 for C on 2024-07-30 08:05:00. The adjusted price target was set to $79.00. At the time of the announcement, C was trading at $64.3. The overall price target consensus is at $68.92 wi...
Citi today announced the launch of its annual CitiFX Vendor Review, which provides the broadest view of FX vendors and a comprehensive analysis of the FX landscape for the benefit of clients and FX providers. The review highlights where strategic venue and vendor partners can improve based on...
2024-07-26 14:53:00 ET In this podcast, Motley Fool host Dylan Lewis and analysts Bill Mann and Jason Moser discuss: Cava CEO Brett Schulman spoke at FoolFest 2024 and we're sharing a portion of his conversation with Motley Fool analyst Kirsten Guerra about his company's stellar per...