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Citigroup profit beats estimates on investment banking surge
Citigroup's profit fell 9% in the third quarter as it set aside more money to cover loans that may not be repaid, particularly on credit cards.
Citigroup Profit Hit by Credit Losses, Allowances for Bad Loans
Key Takeaways Citigroup's shares lost ground Tuesday after the bank's third-quarter profit fell as its credit losses and reserves to cover bad loans increased.Despite that, net income and revenue exceeded estimates,
Citigroup's cost of credit climbs in Q3 due to higher card credit losses
Citigroup Inc. said its cost of credit was about $2.7 billion in the third quarter, up from $1.8 billion in the year-earlier period, driven by higher cards net credit losses and a higher allowance for credit losses.
Citigroup's earnings hit by higher cost of credit
The bank saw larger net credit losses in cards and increased its reserve by $315 million, while net income fell 9% in the third quarter.
22h
Citigroup Set To Exceed 52-Week Highs After Earnings
Citigroup's strong financial performance, undervalued shares, and commitment to buybacks make it an attractive investment ...
1d
Citigroup's stock up 1.1% after earnings top estimates
Citigroup Inc.'s stock rose 1.1% premarket Tuesday, after the bank beat estimates for the third quarter, boosted by big gains ...
3h
on MSN
Companies are talking about how Election Day will impact them, from slowing beer sales to people flying less
The US presidential election is three weeks away, and companies from Delta to Citigroup are flagging how it might affect ...
20h
Citigroup said to struggle with obtaining skills for regulatory remediation - report
An internal analysis at Citigroup indicated a shortage of skilled personnel and at times insufficient training to resolve its ...
1d
Citigroup Earnings Expected to Drop 28%
Citigroup earnings are due Tuesday morning, and they’re expected to show a 28% decline in quarterly earnings from a year ago ...
1d
on MSN
Citigroup Profit Drops on Bigger Stockpiles for Potential Loan Losses
Citi's total allowance for credit losses was about $22.1 billion at the end of the third quarter, compared with $20.2 billion ...
21h
Citigroup is still expecting full-year revenue of $80 billion to $81 billion
Citigroup Inc. is still expecting full-year revenue to range from $80 billion to $81 billion, as it capitalizes on a rebound in banking wallet and refocuses its strategy in wealth management to drive ...
17h
on MSN
These Stocks Moved the Most Today: ASML, Nvidia, UnitedHealth, Schwab, Bank of America, Citigroup, Walgreens, DJT, and More
Stocks were falling Tuesday as tumbling chip stocks sent the S&P 500 lower.These stocks were making moves Tuesday:ASML ...
1d
Citigroup’s Profit Drops on Higher Credit Losses; Results Top Wall Street Expectations
Citigroup is set to post quarterly results this morning, and investors will be looking for more signs that the U.S. economy ...
4h
Citigroup: Great Quarter Ignored
Citigroup slumped 5% despite a strong Q3'24 due to regulatory concerns, trading at only 0.7x tangible book value. See why I ...
7h
Bank of America, Charles Schwab, Goldman Sachs, and Citigroup Stocks React to Earnings
Follow live coverage and analysis of earnings from Bank of America, Charles Schwab, Citigroup, and Goldman Sachs.
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