Citi Tops Q3 Profit Estimates as Services, Banking and Wealth Drive Gains
Citi reported $5.2B in Q3 profit, topping forecasts as services and banking grew. Revenue hit its best third quarter in a decade.
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Citigroup Beats Expectations With Record Revenue, But Shares Drop on Spending Outlook
Citigroup delivered a decade-high $24.8 billion revenue and raised its dividend, yet shares declined after the CEO signaled continued heavy investment spending.
Trump Takes Apple, Tesla, Nvidia & Micron CEOs to China for Major Trade Talks
Trump visits China with top US CEOs to improve trade, tech ties, and investment between the US and China.
Geopolitical Tensions & Hot Dealmaking Power Citigroup’s Best Quarter in a Decade
Citi beat forecasts with strong Q1: higher profits, record revenue, boosted trading, big shareholder returns, stock rose.
Citigroup Denies Plans to Buy Regional Bank
Citigroup dismissed as "baseless speculation" a Bloomberg report that it is considering buying a U.S. regional bank. The bank says it remains focused on organic growth and completing its turnaround under CEO Jane Fraser.
Citigroup Sells Another 24% of Banamex to Heavyweight Investors
Citigroup is close to selling another 24% of its Mexican retail bank Banamex to investors like Blackstone and Televisa leaders, as billionaire Fernando Chico Pardo leads the business. This helps Citi exit retail banking in Mexico.