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 +7.6%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 3.8%. The key question now is: What could be the stock's future direction?Although ...

New York Attorney General Letitia James accused Citi of failing to protect fraud victims.In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor alleged that the banking giant has no protections against account takeovers, misleads customers about their rights when their accounts are hacked, and unlawfully denies fraud victims reimbursements.“Banks are supposed to be the safest place to keep money, yet Citi’s negligence has allowed scammers to steal millions of dollars from hardworking people,” Jame ...

New York state’s attorney general’s office on Tuesday said it had sued Citibank for allegedly failing to protect customers from electronic fraud and secure reimbursement for victims, which it said had cost customers in the state millions of dollars.In a lawsuit filed in Manhattan federal court, Attorney General Letitia James alleged Citi’s lax security protocols allowed scammers to gain easy access to users’ accounts and steal their deposits through unauthorized wire transfers.“Banks are supposed to be the ...

New York Attorney General Letitia James sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud, according to a Tuesday release.The suit claims that Citi does not have strong protections in place to prevent unauthorized account takeovers, misleads victims of fraud and illegally denies reimbursements. The attorney general's office said the alleged failure on Citi's part has cost New York account holders millions of dollars, and in some cases, their entire life savings."Banks ...

LITTLE ROCK, Ark. & PURCHASE, N.Y. & NEW YORK--(BUSINESS WIRE)--Dillard’s, Inc. (“Dillard’s”) (NYSE: DDS), Citi (NYSE: C) and Mastercard (NYSE: MA) announced today that the companies have entered into new agreements to provide a credit card program for Dillard’s customers. Citi will purchase the existing Dillard’s credit card accounts and Mastercard will serve as the exclusive payment network for co-branded cards offered under the new program. The Dillard’s credit card program offered by Citi will includ ...

VV Shots In many ways, Citigroup (NYSE:C) has long been the ‘sick man’ of the systemically important banks and its share price underperformance has reflected this. But there’s a price for everything, and at the current discount to underlying book, Citi is quickly emerging as a value investor favorite – note Berkshire Hathaway (BRK.B) swapping its long-held Wells Fargo (WFC) position for Citi and, more recently, backing CEO Fraser’s reorganization plan. Despite another miss in Q4, the forward-looking upd ...

Warren Buffett needs little introduction.The Berkshire Hathaway (BRK.A 0.92%) (BRK.B 1.13%) CEO is regarded as the greatest investors of all time, and it's clear why. His conglomerate has doubled the annual return of the S&P 500 index over a nearly 60-year career, averaging 19.8% compared to 9.9% for the broad-market index. Buffett is also admired because thousands of investors have gotten rich with him simply by buying and holding shares of Berkshire Hathaway. Any investor can follow along with Berkshire's ...

Bank stock Citigroup Inc (NYSE:C) is up 4% in 2024, but has cooled off since scraping a nearly two-year high of $54.74 on Jan. 4. Thanks to a 1% post-earnings pop on Jan. 12, C is on the move again and could make another run at multi-year highs, if past is precedent. Citigroup stock's recent highs come amid historically low implied volatility (IV), which has been a bullish combination in the past. Per Schaeffer's Quantitative Analyst Rocky White, there were three other signals over the past five years when ...

NEW YORK--(BUSINESS WIRE)--Citi and LuminArx Capital today announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market. Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including Citi’s global client base. It will invest across multiple asset classes, including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure. To support Cinergy, LuminArx and ...

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, ...