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Citigroup stock climbs
Citigroup stock climbs after posting Q4 earnings beat; announces $20B stock buyback
Citigroup (NYSE:C) stock gained 5.6% in Wednesday premarket trading after the megabank posted better-than-expected Q4 results and approved a $20B stock buyback program. Furthermore, the company expects its net interest income to rise in 2025.
Citi Shares Jump on Earnings Beat, Stock Buyback Plan
Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.
Citigroup Stock Jumps on Earnings, $20 Billion Stock Buyback News
Citigroup stock is soaring Wednesday after the big bank topped earnings expectations and unveiled a massive stock buyback program. Here's why that's important.
Citi Swings to a Profit and Announces $20B Stock Buyback
Citigroup (C) reported fourth-quarter results that exceeded expectations, sending shares higher in pre-market trading Wednesday. Citi's net income for the fourth quarter was $2.86 billion, up from a loss of $1.
Should You Consider Buying Citigroup Shares Ahead of Q4 Earnings?
Citigroup Inc. C is slated to report fourth-quarter 2024 results on Jan. 15, 2025, before market open. Among Citigroup’s close peers, JPMorgan JPM and Wells Fargo & Company WFC are also scheduled to announce quarterly numbers on Jan.
22h
Citi Stock Jumps After Bank Swings to Profit
Citigroup’s fourth-quarter results just landed. The bank swung to a profit, boosted by stronger revenue in divisions ...
Money Morning
14h
Citigroup’s $20 Billion Buyback Plan Signals Strength: What Investors Need to Know
Citigroup initiated a major transformation plan in 2024 in an effort to unlock value and drive higher returns. Management ...
23h
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking. On an adjusted basis, Citi ...
1d
Citigroup Inc. stock underperforms Tuesday when compared to competitors despite daily gains
This was the stock's second consecutive day of gains.
19h
Citi beats profit on trading strength, but cuts return targets after 'critical' year
Shares of the third-largest U.S. lender were last up 5% in premarket trading on Wednesday after Citigroup said its board has ...
21h
Citi authorizes $20B common stock repurchase program
During the quarter, Citi (C)group returned a total of $2.1B to common shareholders in the form of dividends and share repurchases, the company ...
20h
Citigroup Soars as Fraser Plans to Buy Back $20 Billion of Stock
Citigroup Inc. said it will repurchase $20 billion worth of its stock in the coming years — unleashing billions of excess ...
2d
Citi analyst reveals top internet stock picks for 2025
Citi analyst Ygal Arounian joins Market Domination to discuss his top investment opportunities in the internet sector.
14h
Citigroup Earnings Top Wall Street Forecasts
Citigroup reported earnings of $1.34 per share for the fourth quarter, surpassing Wall Street estimates of $1.22. A year ago, ...
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