Citigroup is about to report 2nd-quarter earnings

Citigroup is about to report 2nd-quarter earnings


Crucial Points
  • Citigroup was just this week rebuked for failing to handle its regulatory shortfalls, so analysts will be keen to inquire CEO Jane Fraser about her long-running efforts to tackle the concern.
  • Very last year, Fraser announced strategies to simplify the management composition and lower fees at the 3rd-major U.S. bank by assets.
  • But earnings will just take a backseat if the lender are not able to appease regulators’ fears about its details and threat administration.  



Supply

Morgan Stanley drops restrictions on which wealth clients can own crypto funds
Finance

Morgan Stanley drops restrictions on which wealth clients can own crypto funds

Key Points Morgan Stanley on Friday told its financial advisors that the firm was broadening access to crypto investments to all clients and allowing such investments in any type of account, including retirement accounts, CNBC has learned. Starting Oct. 15, advisors will be able to pitch crypto funds to any client. Previously, the option was […]

Read More
Stocks making the biggest moves premarket: Applied Digital, Mosaic Levi Strauss & more
Finance

Stocks making the biggest moves premarket: Applied Digital, Mosaic Levi Strauss & more

Check out the companies making headlines before the opening bell : Applied Digital — Shares surged 30% after the datacenter builder reported that revenue in its fiscal first quarter was up 84% from the comparable period in the prior year. Stellantis — The French-Italian-American automaker reported a 13% rise in third-quarter shipments, prompting shares to […]

Read More
Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’
Finance

Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’

Key Points Fed Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals. “I want to move towards cutting rates, but you’re not going to do it aggressively and fast, in case you make a big mistake on which […]

Read More