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Citi's operating expenses declined 2% in the third quarter. The bank increased its allowance for credit losses by about $1.9 billion, driving down net income to $3.2 billion, or $1.51 per share.
Image source: The Motley Fool. Citigroup (NYSE: C) Q4 2024 Earnings Call Jan 15, 2025, 11:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Citigroup CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat.On Friday she disclosed how deep those cuts will go. The New York bank ...
Citigroup Inc. (NYSE:C) will release its fourth-quarter financial results before the opening bell on Wednesday, Jan. 15. Analysts expect the New York-based company to report quarterly earnings at ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
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Despite this exceptional return, the stock remains attractively valued with a forward earnings multiple of around 9.6. I predict Citigroup's momentum will continue this year, buoyed by ...
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. [2] Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries.