Citigroup

Citigroup (NYSE:C) is continuing its leadership overhaul amidst a comprehensive reorganization, according to sources close to the situation. The bank’s CEO, Jane Fraser, recently held a conference call with managing directors to discuss the ongoing changes. What Happened: The bank has been...

CEOs of major banks, including JPMorgan Chase & Co. (NYSE:JPM) and Barclays PLC (NYSE:BCS), reportedly held a private meeting in Davos on Wednesday to discuss the challenges posed by fintech firms and stringent regulations. What Happened: The CEOs, who were in Davos for the World Economic Forum...

Citigroup Inc. (NYSE: C) has unveiled plans to slash 20,000 jobs. The decision, spearheaded by CEO Jane Fraser, aims to bolster the financial giant's performance, which has been underwhelming recently. The bank anticipates the cuts will lead to substantial savings, potentially...

As the U.S.’s prominent banking institutions prepare to report their fourth-quarter earnings, a significant surge in bad debts poses a risk to the growing investor confidence in the sector. What Happened: The Financial Times reported on Monday that non-performing loans at the four largest U.S...

Major changes are on the horizon at Citigroup Inc. (NYSE:C), as employees prepare for an extensive restructuring that includes significant layoffs and a senior management reshuffle, expected to be announced on Monday. What Happened: Reuters reported that the anticipated restructuring at...

Apparel retail company Gap Inc (NYSE: GPS) is set to report second-quarter financial results at 1:15 p.m. PT, Thursday, Aug. 24, 2023. Here’s a look at the earnings estimates, what analysts are saying and some of the key items investors should be watching. Earnings Estimates: Analysts...

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported Tuesday after the close better-than-expected second-quarter results, but the guidance came in light. The AMD Analysts: Bernstein analyst Stacy Rasgon maintained a Market Perform rating and $95 price target for AMD shares. Susquehanna Financial...

Shares in telecom giants AT&T Inc (NYSE:T), Verizon Communication Inc (NYSE:VZ), Telephone and Data Systems, Inc (NYSE:TDS), and Frontier Communication Parent, Inc (NASDAQ:FYBR) dropped dramatically Monday, shedding 7% to 15%. The Wall Street Journal’s investigation revealing the neglect...

The six largest banks in the US, namely JP Morgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS), are projected to write off a combined $5 billion in defaulted loans in the second quarter of this year...

Earnings season for the banking sector stocks is typically a reliable indicator, a window perhaps, into the state of economic affairs and how the industry that "does" money is positioned as the banks reflect their future outlooks in their operations and financials. In the case of...

On Friday, April 14, four of the largest financial institutions in the U.S. with a combined market cap of more than $700 billion will announce their first-quarter results: JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co (NYSE: WFC), BlackRock Inc (NYSE: BLK), and Citigroup...

The publication of the March U.S. inflation rate statistics by the Bureau of Labor Statistics on Wednesday, April 12, is the most anticipated economic event of the week, as investors anxiously await the outcome.   The consensus from Wall Street economists expects annual CPI...

A high dividend yield appeals to every stock investor, particularly if the company in question trades at a discounted price with respect to its earnings potential. Benzinga has reviewed the top five U.S. stocks with more than $50 billion of market cap, a dividend yield of at least 5% over...

Shortly after shipping electric vehicles to the U.S., Vietnamese EV maker VinFast Auto Ltd. filed for its initial public offering in the U.S. What Happened: VinFast, on Tuesday, filed a red herring prospectus with the SEC on Form F-1, which is meant for foreign issuers of equity, without stating...

Big U.S. bank stocks kicked off third-quarter earnings season on Friday with a mixed bag of numbers on a difficult day for the market. Here's an overview of the highlights for JPMorgan Chase & Co (NYSE: JPM), Citigroup Inc. (NYSE: C), US Bancorp (NYSE: USB), Morgan Stanley (NYSE: MS),...