Citigroup Inc
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Running to records U.S. stocks have taken a steady climb to new records. The S&P 500 and Dow Jones Industrial Average both notched their highest closes ever on Friday. Both of those indexes and the Nasdaq Composite rose more […]
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Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable […]
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JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects
Key Points JPMorgan Chase reports third-quarter earnings before the bell Friday. Wall Street expects the bank to report earnings of $4.01 a share and revenue of $41.63 billion, according to LSEG. JPMorgan executives will host a conference call at 8:30 a.m. ET. Source
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The Fed is finally cutting rates, but banks aren’t in the clear just yet
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are usually good news for banks, especially when the cuts aren’t a harbinger of recession. That’s […]
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These dividend growers are also on Goldman Sachs’ buy list
Dividend stocks may be back in the spotlight, but investors should make sure they are buying quality companies that are growing their payouts, said Goldman Sachs. Dividend-paying equities are expected to get a lift as the Federal Reserve cuts interest rates. That’s because income investors may turn to them as their yields begin to appear […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Rate relief Investors cheered the Federal Reserve’s huge policy move last week. The question now is what the central bank will do next. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose more than 1% for […]
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American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty Images American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer […]
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Top banking analyst Mayo says Citi shares can double over the next 2-and-a-half years
Wells Fargo bank analyst Mike Mayo highlighted Citigroup stock as his favorite bank name on Tuesday while speaking on CNBC’s ” Squawk on the Street .” Shares of Citigroup could double over the next two-and-a-half years “simply by going back to tangible book value,” Mayo said. Citigroup sold for 73% of tangible book at the […]
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3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are striking deals and partnerships to […]
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ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports
The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China. Xing Yun | Costfoto | Barcroft Media | Getty Images TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday. Citigroup, Goldman Sachs […]
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