Citigroup (C) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this U.S. bank have returned +5.5%, compared to the Zacks S&P 500 composite's +0.5% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 4%. The key question now is: What could be the stock's future direction?While medi ...

The first quarter of 2024 was the banner one for Citigroup Inc. (C) , with the stock outperforming the S&P 500 Index.This follows the 13.7% rally record by the company last year.Looking at its price performance, it seems that investors are turning bullish on this big bank, owing to its restructuring efforts and upbeat 2024 outlook. Moreover, favorable macroeconomic factors have driven positive sentiments for this bank stock.Notably, of the banks that are part of the S&P 500 Index, only Citigroup, Wells Farg ...

Continuing with its efforts of focusing more on core operations in Asia, HSBC Holdings plc (HSBC) plans to sell its various business units in Germany. The news was first reported by South China Morning Post, citing people familiar with the matter.According to the people familiar with the matter, who asked not to be identified as the talks are private, HSBC has started working with advisers on a review. The talks are at an early stage and it is not yet certain whether a sale will take place.The units in cons ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points: Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.5% from the same period last year on +3.5% higher revenues. This follows the +6.7% earnings growth on +3.9% higher revenues in 2023 Q4. The Tech and Energy sectors are having the opposite e ...

In the latest trading session, Citigroup (C) closed at $61.69, marking a -1.83% move from the previous day. This move lagged the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.23%.Shares of the U.S. bank witnessed a gain of 11.7% over the previous month, beating the performance of the Finance sector with its gain of 2.37% and the S&P 500's gain of 1.5%.Market participants will be closely following the financial results of Citigroup in its upcoming rel ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Citigroup Inc. (C) has reportedly implemented a new round of job cuts in its U.S. investment bank business as part of its planned restructuring efforts. Particularly, per filings with the New York State Department of Labor dated Apr 1, the company will lay off 430 people.Bankers in the technology, media and telecom space are likely to be affected.Last week, the bank announced the completion of major actions to simplify its operating structure and improve performance, which were initially announced in Septem ...

Dividend investing is often hailed as an excellent way to grow wealth, and who better to prove its worth than Warren Buffett, the esteemed investor and chairman of Berkshire Hathaway (NYSE: BRK.A). He recently pocketed nearly $200 million solely from dividends from a single stock.To elaborate, on April 1, Coca-Cola (NYSE: KO) distributed its quarterly dividend of $0.485 per share. With Berkshire Hathaway holding 400 million shares, its total dividend payout amounted to a staggering $194 million in just one ...

Monday, April 1st, 2024We enter a new trading day, month and quarter with plenty of events ahead of us. For one thing, we’re in a new Jobs week, where JOLTS (and Job Quits) numbers on Tuesday join Wednesday’s ADP private-sector jobs report, followed by Weekly Jobless Claims on Thursday and non-farm payrolls from the U.S. Bureau of Labor Statistics (BLS) on Friday morning. Better-than-expected employment news has helped backstop both markets and the economy at a time many had predicted both would have begun ...

The first quarter of 2024 was the banner one for the S&P 500 Index. It rallied more than 10% during the period, thus marking the best first-quarter performance in five years.This also reflected that the momentum that started in November 2023 has continued this year as well. The primary drivers for the steady uptrend in the index are the clarity on the path of interest rates and robust economic growth, along with persistently cooling inflation numbers. Thus, almost all the sectors within the S&P 500 Index ra ...