Citi could be a stock that Wall Street's unfairly given up on, says Oakmark's Bill Nygren
Bill Nygren, Oakmark portfolio manager, joins 'Money Movers' to discuss his thoughts on stocks the markets may be ignoring, his view on General Motors, and more.
Citigroup (C) to Eliminate 20,000 Jobs, Enhance Performance
Citigroup (C) plans to cut 20,000 job positions over the medium term. This is expected to reduce its expense base, thereby positively impacting its future performance.
Citigroup: 20,000 Job Cuts Big Step Towards Richer Earnings And Investor Payouts
Citigroup reported a worse-than-expected top line and a $1.8 billion loss, but the loss was mostly due to restructuring charges. The bank announced plans to cut 20,000 jobs and exit competitive and...
Citigroup's Series J Preferred Shares: C.PR.J, 9.4% Yield From The Bank
Citi reported strong earnings on January 12, but fell short of revenue expectations. The institution reported robust overall results, with a very healthy 13.3% Tier 1 Capital ratio. Citi's Series J...
Citigroup Inc. (C) Q4 2023 Earnings Call Transcript
Citigroup Inc. (C) Q4 2023 Earnings Call Transcript
Citigroup announces elimination of 20,000 jobs after losses
Citigroup on Friday said it will slash 20,000 jobs. The reductions will happen 'over the medium-term,' something that should ultimately bring its expenses down by $2-2.5 billion, Citi said.
Citi Reports $1.8 Billion Net Loss, Will Complete Restructuring This Quarter
Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.” The items include a special assessment from the Federal Deposit Insurance ...
Interest rate cuts, inflation, recession among most compelling 2024 themes: Citi
Citi Research listed five of the biggest market and investment themes anticipated for 2024: delayed easing cycles, inflation risks, diverging growth from central banks, broadening of earnings and m...
Citi's CFO Mark Mason on restructuring: It's about being a simpler bank
Mark Mason, Citi CFO, joins 'Closing Bell' to discuss the company's earnings and outlook and firm restructuring.
Citigroup Layoffs 2024: What to Know About the Latest C Job Cuts
Citigroup (NYSE: C ) layoffs are the talk of Wall Street today after the investment bank announced that it will cut 20,000 roles, or 10% of its workforce, in a bid to save as much as $2.5 billion a...
Citigroup's (C) Q4 Earnings Beat Estimates, Revenues Decline
An increase in loan and deposit balances support Citigroup's (C) Q4 earnings. However, a decline in revenues and deteriorating credit quality are near-term headwinds.
Citi to cut 20K jobs as bank posts worst fourth-quarter loss in 15 years
Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank reported its worst fourth-quarter earnings in 15 years Friday.
Citigroup (C) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics comp...
Citigroup to cut 20,000 jobs after steep quarterly loss
JPMorgan Chase posts record annual profit as earnings season gets under way
Citigroup to lay off 10% of its employees
Citigroup Inc (NYSE: C) just announced plans of lowering its global headcount by 10%. Its shares are paring back intraday gains at writing.
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