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Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. ... Citi to cut 20,000 jobs ...
On an adjusted basis, Citi reported a profit of $1.34 per share in the fourth quarter, compared with analysts' average estimate of $1.22, according to data compiled by LSEG.
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Dividend stocks can provide stability during rough times like today.
Although there’s been more positive inflation news lately, fears of a subsequent recession continue. Tech companies such as Meta Platforms Inc., Twitter Inc., Tesla Inc., Oracle Corp. and ...
Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times ...
Finally, management said it expects to see a benefit from lower rates, and for loan demand to start to come back as rates fall. Truist is also a generous dividend payer, offering a yield of 4.9%.