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updated Fri. March 16, 2018

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The Pentagon on Thursday confirmed that there was a hacking attempt against an online financial services portal that Citigroup manages for the Defense Department. Citigroup had told CNBC that a "malicious actor" attempted to gain access to several Citi credit card accounts tied to the Department of ...
While most major bricks and mortar retailers have put the brakes on new store development or are closing underperforming stores as retail sales growth eases, the slowdown in new floor space may not be enough to avoid a margin squeeze, according to Citigroup. The investment bank estimates that ...

Citigroup boss Michael Corbat was paid 369 times more than the average employee at the bank in 2017, regulatory filings revealed today. Corbat, the bank's president, was paid $17.8m (£12.77m) last year compared to the median pay of all Citi employees which was $48,249. He also received a 48 per ...
Citigroup Inc Chief Executive Michael Corbat's annual pay for 2017 was 369 times the median annual pay of all employees, the bank said in a regulatory filing. Corbat's annual total compensation was $17.8 million while the median annual total compensation of all Citi employees was $48,249, the bank ...
Citigroup said a "malicious actor" attempted to gain access to several Citi accounts tied to the Department of Defense. The bank responded to CNBC's inquiry regarding an attempted credit card hack this past weekend. "There was no impact to Commercial Card services, nor was any customer data ...
and Representative Elijah Cummings (D-Md.), the Ranking Member of the House Committee on Oversight and Government Reform, recently sent letters to Citigroup and Apollo Global Management seeking information on reports that the companies provided more than $500 million in loans to Kushner ...

Citigroup's global head of cash trading is leaving the firm. Armando Diaz, who was hired in 2016 to revive Citi's moribund global cash trading business, is leaving the company, according to people familiar with the matter. This was Diaz's second stint at Citi. He ran US institutional cash trading at the firm up ...
Citigroup Inc., one of the world's largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn't properly reflect the full benefit customers should have received for ...
Citigroup boss Michael Corbat just got a huge raise. Corbat scored $23 million in total pay last year, the bank said on Friday. That's a cool 48% above what he made in 2016. The pay hike underlines Citi's (C) success in bouncing back from its near-death experience during the 2008 financial crisis. Powered ...
One of the world's largest credit card issuers, Citigroup Inc (nyse:C), is to refund US$335mln to some of its customers whose annual percentage rates should have been lower. Citi said it had miscalculated how much of a reduction in penalty rates was due for customers who had made six months' worth of ...
Citigroup logo Community Bank & Trust Waco Texas purchased a new position in shares of Citigroup Inc (nyse:C) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,499 shares of the Financial Services provider's stock, valued ...
Citigroup (C) remains a Buy this week based on the latest relative pricing of its shares and analysis. Citigroup Inc's (NYSE:C) Buy recommendation is a result of a process of analysis that is proprietary and produced conclusions that were above average in 4 areas: an industry group rated above average in ...
Citigroup Inc's (NYSE:C): Citigroup Inc., a diversified Financial Services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. On 31 December 2017, the US$199.57B market-cap posted a loss of -US$7.94B for its most recent financial ...
NEW YORK, NY - Citigroup Inc. (nyse:C) on Friday said it would issue more than $330 million in refunds after an internal analysis revealed it had overcharged some credit card customers. The bank said the internal review showed it had failed to lower annual interest rates for the affected customers under ...
Citigroup logo Wright investors Service Inc. boosted its holdings in shares of Citigroup Inc (NYSE:C) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,016 shares of the Financial Services ...
Citigroup logo Prospera Financial Services Inc trimmed its position in shares of Citigroup Inc (nyse:C) by 30.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,629 shares of the financial services provider's stock after selling ...

Chicago, Il - Feb 26, 2018 - Zacks.com announces the list of stocks featured in the analyst blog. Every day the Zacks Equity research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include CitigroupC , U.S. BancorpUSB and ...
Citigroup, one of America's largest banks, announced Friday that it would issue more than $330 million in refunds to nearly 2 million credit card accounts. According to the company, the average refund will be approximately $190 including interest. The refunds are tied to interest rates that should have gone ...
Citigroup Inc., one of the world's largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn't properly reflect the full benefit customers should have received for ...
Corbat scored $23 million in total pay last year, the bank said on Friday. That's a cool 48% above what he made in 2016. The pay hike underlines Citi's (C) success in bouncing back from its near-death experience during the 2008 financial crisis. Citi's board of directors said it considered the bank's "strong ...
Citigroup logo Hotchkis & Wiley capital Management LLC lessened its position in Citigroup Inc (NYSE:C) by 16.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,176,798 shares of the financial ...
Chicago, Il - February 9, 2018 - Zacks Director of Research Sheraz Mian says, "Total Q4 earnings for the 294 S&P 500 members that have reported results are up +15.3% from the same period last year on +9.4% higher revenues, with 79.6% beating EPS estimates and 76.9% beating revenue estimates.".
NEW YORK, (Reuters) - A federal judge in Manhattan on Tuesday dismissed a lawsuit by a fired Citigroup Inc (C.N) financial adviser who said the bank's "culture of gender discrimination" made it clear that "the boys were in charge." U.S. District Judge Richard Sullivan said most of Erin Daly's claims over ...
Citigroup logo Trustmark National Bank Trust Department raised its holdings in shares of Citigroup Inc (NYSE:C) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,796 shares of the Financial Services ...
JP Morgan Chase and Bank of America both said last night they will ban the practice, according to CNBC, which could leave customers chasing the big price rises which bitcoin has seen over the past year with big losses. Citigroup also joined in the ban, according to Bloomberg. Credit card providers which ...
A technical snafu at Citigroup in late December nearly imperiled some of the tax credit financing that the Buffalo Urban Development Corp. is counting on to fund its redevelopment of the Northland Corridor into a new light-industrial business hub. The agency had closed on $33 million in historic and New ...
It's earnings season, and you know what that means: banks go first. We've heard from a slew of banks already, including JPMorgan Chase & Co. (nyse:JPM), Goldman Sachs Group Inc (NYSE:GS) and Citigroup Inc (NYSE:C). JPM stock rallied, GS stock fell, and C stock is jogging in place. Which direction ...
Citigroup (nyse:C) has now picked up on the "growth imperative" that the completion of its long restructuring phase places before management. One way to see this is to look at what management wants to talk about in its interaction with analysts. Management's new emphasis on growth was obvious in the ...
Citigroup continues to struggle to gain the benefit of the doubt from the Street on its 2020 targets, and the shares have been lagging its large peers since Q3'17. Loan growth was comparatively healthy, the consumer operations are performing well, and expenses and credit are both under control.
Citigroup just reported Q4 earnings and is our next edition in our line of big bank coverage. Several critical indicators where Citigroup is an industry leader suggest there is cause to be cautiously bullish. We offer discourse on several key indicators where Citigroup is also lagging behind the competition, ...
The bank reported Q4 2017 results that were negatively impacted by a material non-cash charge (i.e., the "Hit") related to the passage of the tax reform bill. Citigroup and the other large U.S. banks are operating in an environment with promising future prospects. Citigroup is a long-term buy at today's price.
Citigroup reported quarterly earnings on Tuesday that beat expectations on solid results from consumer banking. The big bank also reported a charge of roughly $19 billion following a revamp to the U.S. tax code. Citigroup reported adjusted earnings per share of $1.28 for the fourth quarter of 2017.
Drug concern Teva pharmaceutical Industries Ltd (nyse:TEVA) stock is on the rise, after receiving an upgrade to "buy" from "neutral" from brokerage firm Citigroup. TEVA stock also scored a price-target hike to $24 from $16 -- a 50% increase -- as analysts continue to wax optimistic on Teva's job cuts and ...
Citigroup Inc. (C) is an interesting player in the Financial space, with a focus on Money Center Banks. The stock has been active on the tape, currently trading at $74.36, down from yesterday's close by -0.07%. Given the stock's recent action, it seemed like a good time to take a closer look at the company's ...
Citigroup: There's a 40% chance Apple buys Netflix. email; Share · Share ... Cupertino-based Apple is interested in making a major acquisition of a car company, video game company or Entertainment company, with Netflix being their most likely target, Citigroup analysts said in a recent note to investors.
The Financial Industry Regulatory Authority, which oversees brokers and money managers, said Citigroup agreed to pay $11.5 million in fines and compensatory damages to resolve claims that it gave mom-and-pop investors wrong or outdated information about its analysts' recommendations, even after ...
The recent news that Citigroup will likely need to take a $20B (yes, with a "B") non-cash charge if the current version of the tax reform bill is passed has been widely discussed, and rightfully so, as the previous estimate was only around the $12B range. The new estimate that Mr. John Gerspach, CFO, ...
We'll get to some of the broader strategic questions above later in separate articles. For now the focus is on portfolio wealth-building choices between Bank of America Corporation (BAC) and Citigroup, Inc. (nyse:C). Our perspective, as usual, draws on the actions of the market-Making community [MMs] as ...
Summary. Citigroup issued a rare Sell rating on Snap. Snap has surged after the most recent earnings release, but was it warranted? I continue to stay away. Citigroup issued a rare Sell rating this week, pushing the the stock of Snap Inc. (SNAP) lower by more than 5% premarket. Citigroup analysts noted:.
One of the same banks that drove the Puerto Rico electric power Authority, or PREPA, into the red will now be paid to help auction it off to the highest bidder. Citigroup global markets Inc., or Citi, will be the main investment bank consultant in the restructuring and privatization of PREPA, the ...
Citibank Manhattan bank walking past Peter Tague, who served as global co-head of M&A alongside Cary Kochman and Mark Shafir, is leaving Citi. Spencer Platt/Getty Images. C Citigroup. 77.08 0.81 (+1.10 %). Disclaimer Get real-time C charts here ». Citigroup is losing one of its three co-heads of ...
Moreover, let's look at the 10-year growth in net interest income for Citigroup and its peers. We see that while significant growth has been seen in this metric for Bank of America (BAC) and Wells Fargo (WFC), net interest income growth for Citigroup has actually dropped by 7% overall in the past 10 years:.
Citigroup (c, +0.51%) will increase compensation for women and minorities to bridge pay gaps in the U.S., the U.K. and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday. As part of the move, Citi also becomes the first big U.S. bank to respond to a shareholder push ...
Citigroup logo First Allied Advisory Services Inc. raised its position in Citigroup Inc. (nyse:C) by 18.9% during the SECond quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,973 shares of the Financial Services provider's stock after purchasing ...
As a large-cap stock with market capitalization of USD $199.46B, Citigroup Inc (nyse:C) falls into the category of a major bank. As these large financial institutions revert back to health after the 2008 financial crisis, we are seeing an increase in market confidence in these "too-big-to-fail" banking stocks.
Citigroup Inc. (C) is an interesting player in the Financial space, with a focus on Money Center Banks. The stock has been active on the tape, currently trading at $76.54, down from yesterday's close by -0.73%. Given the stock's recent action, it seemed like a good time to take a closer look at the company's ...
[Call started abruptly] returns in the core parts of the business. I think this is the eighth time you've been at this conference. And I think if you… John Gerspach. Probably yes. Unidentified Company Representative. And I think you've been CFO for nine years now so. Is that right? John Gerspach.
In recent trading, shares of Citigroup Inc (Symbol: C) have crossed above the average analyst 12-month target price of $76.82, changing hands for $77.10/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target ...
Additionally, Citigroup has beat earnings estimates for 11 straight quarters. Who's to say the 11.3% estimate for 2018 is enough, particularly in an environment where the U.S. economy is seemingly getting stronger by the week? More banking, spending, mortgaging and jobs growth should lead to a growing ...



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