Citigroup Inc. (C) is slated to report second-quarter 2024 results on Jul 12, before the opening bell. With the C stock currently trading at almost a two-year high of $66.55, should you buy it before the release of its quarterly results? Before we analyze the stock’s investment worthiness, let’s first check out how it is expected to fare this time. A globally diversified financial services holding company is expected to register bottom- and top-line growth in the to-be-reported quarter.The Zacks Consensus E ...

Citigroup Inc. (C) will discontinue its operations in Haiti, marking the end of the company's more than five-decade presence in the country. This move will be immaterial to Citi and its international clients in economic terms.Citi will seek approval from Banque de la République d’Haiti (BRH) — Haiti’s central bank — to voluntarily surrender its banking license. However, international banking and correspondent banking services will remain accessible to existing clients.This move stemmed from a strategic busi ...

Protesters who have been blockading the entrance of Citigroup’s New York City headquarters for more than a month claim they were shoved by one of the banking giant’s top lawyers in a violent scuffle caught on video — but the bank denies any wrongdoing by any of its employees.Shocking footage of the incident obtained by The Post, which has also been circulating in edited form on Instagram, shows a man in a blue, button-down dress shirt and jeans pushing against a line of protesters who are holding what looks ...

Citigroup (C) closed the most recent trading day at $64.74, moving +1.11% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.Shares of the U.S. bank have appreciated by 3.64% over the course of the past month, outperforming the Finance sector's gain of 1.14% and lagging the S&P 500's gain of 4.08%.The investment community will be paying close attention to the earnings perfo ...

Robert Way Citigroup Inc. (NYSE:C) is scheduled to release its second-quarter earnings report this Friday, July 12. As such, I decided to revisit my opinion of the stock, especially given the volatility baked into the banking industry. C Earnings Estimate (Seeking Alpha) I covered Citigroup's stock in March when I argued it was an undervalued asset. Although my prediction was somewhat correct, Citigroup's stock has shown moderate gains ever since. Pearl Gray's Previous Rating (Seeking Alpha) After further i ...

ALACHUA, Fla. and TAMPA, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- Axogen, Inc. (NASDAQ: AXGN), a global leader in developing and marketing innovative surgical solutions for peripheral nerve injuries, announced making an inducement grant on July 1, 2024, under NASDAQ listing rule 5635(c)(4) in connection with the hire of a new non-executive employee. In connection with the commencement of employment on June 17, 2024, and as a material inducement of employment, an award was made under the Company’s Inducement ...

A sign is posted in front of an Olive Garden restaurant on June 20, 2024 in Rohnert Park, California.Dividend-paying stocks can help investors bolster their portfolios and boost returns.Investors searching for these names will need to find companies that have a track record of making steady payments, backed by robust financials.Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance.Darden RestaurantsThe first ...

Andres VictoreroC stock’s 2024 stress test results I last covered Citigroup (NYSE: NYSE:C) with a buy rating in early April after its Q1 earnings report (see the screenshot below). At that time, my bull thesis was anchored in the following three considerations: Strong Q1 results, which beat market expectations on both GAAP EPS and revenue. Strong CET1 ratio of 13.5%, providing the financial strength to support growth opportunities. Reasonable valuations (especially in terms of the P/TBV ratio) and ge ...

Wall Street’s largest banks are ready to return excess capital to shareholders via dividends and share repurchases as all 31 cleared the Federal Reserve’s 2024 Stress Test. The outcome of this annual exercise shows how much capital banks need to be healthy and dictates how much they can return to shareholders.The stress tests, mandated under the Dodd-Frank financial services law, were introduced in the aftermath of the 2008 financial crisis. It evaluates banks' capital adequacy, liquidity and risk managemen ...

Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank.Cai’s departure was announced internally on Tuesday (June 25) and a Citigroup spokesman confirmed the move Wednesday (June 26), Reuters reported Wednesday.The executive had recently focused on risk data analytics and reporting, as data remediation was shifted in 2023 from his team to another, according to the report.A “large number” of senior executives have been among t ...