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Citi cuts more jobs to reduce expenses

Citigroup cutting more jobs to meet CEO’s expense goals despite strong quarter

Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients, Bloomberg reported.

Reuters on MSN · 2h

Citigroup axes more jobs as part of ongoing cost-cutting plan

Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.

Seeking Alpha on MSN · 4h

Citi cuts more jobs to reduce expenses: report

Banking giant Citigroup (NYSE:C) eliminated more jobs this week, with managing directors in the wealth business and technology unit leaving the bank, Bloomberg reported on Thursday, citing people familiar with the matter.

Citigroup beats revenue estimate

Wall Street Journal · 1d

Citi Swings to a 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.

MarketWatch · 1d

Citigroup beats revenue estimate as it swings to a profit

Citigroup Inc. said its fourth-quarter revenue rose 12% to $19.58 billion, which topped the FactSet consensus estimate of $19.51 billion. The bank swung to a fourth-quarter profit of $1.34 a share against a year-ago loss of $1.

DPA International on MSN · 1d

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 prior-year period, fuelled by higher revenues, lower expenses and lower cost of credit.

Citi Shares Jump on Earnings Beat, Stock Buyback Plan

Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the ...

1don MSN

Citi Swings to a Profit and Announces $20B Stock Buyback

Citigroup (C) reported fourth-quarter results that exceeded expectations, sending shares higher in pre-market trading ...

1don MSN

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 ...

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 ...

1don MSN

These Stocks Are Moving the Most Today: JPMorgan, Wells Fargo, Goldman, Citigroup, BlackRock, Quantum Computing, and More

JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup are scheduled to report fourth-quarter earnings Wednesday.

1don MSN

Citigroup Cost Cuts Push Q4 EPS Higher

Citigroup exceeded expectations in Q4 2024, driven by strong business performance.

Citigroup 2025 revenue outlook tops analyst view, while stock buybacks rise

Citigroup Inc. said it expects full-year 2025 revenue of $83.5 billion to $84.5 billion amid a healthier deal environment. The projection is ahead of the current FactSet consensus estimate for 2025 ...

Crain's New York1d

Citigroup soars as Fraser plans $20M buy back $20B of stock

The bank unveiled stronger-than-expected results for the fourth quarter, in which revenue rose across all five of its main ...

Seeking Alpha on MSN10d

Citi’s themes: top stocks in AI, leisure, fin-tech, video gaming, etc. vs. their SA Quant ratings

Within growth stocks, their top themes include AI, digital leisure, fin-tech, video gaming, wearable technology, agricultural ...

Citigroup projects full-year returns to climb

Citigroup Inc.'s Chief Executive Jane Fraser said the bank expects to report return on tangible common equity, or ROTCE of 10% to 11% in 2025, but she's working to push it higher. "This level is a ...

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