Latest Citigroup Inc News

Markets Right Now: Stocks post modest gains on Wall Street

Apr. 16, 2019 4:07 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks edged higher on Wall Street, erasing the market's modest losses from a day earlier. Banks and technology companies rose the most, while health care stocks closed broadly lower. Citigroup rose 2.9% and JPMorgan...

World stocks rise on hopes for growth; focus on earnings

Apr. 16, 2019 6:49 AM EDT

TOKYO (AP) — World stock markets advanced Tuesday on upbeat economic data for China and Germany and as investors keep an eye on U.S. corporate earnings reports, which have been mixed so far. Germany's DAX rose 0.6% to 12,097 after a measure of investor confidence, the ZEW index, rose for a sixth month. The...

Asian shares mixed after lackluster Wall Street session

Apr. 15, 2019 11:02 PM EDT

TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index added 0.2% to 22,208.70. China's Shanghai Composite index lost 0.6% to 3,158.76 and the Hang Seng index in Hong Kong lost 0.3% to 29,736.05. South Korea's Kospi gave...

Citigroup's 1Q profits rise 2%, beating forecasts

Apr. 15, 2019 9:05 AM EDT

NEW YORK (AP) — Banking conglomerate Citigroup said its first quarter profits rose by a relatively quiet 2% from a year earlier, as higher interest and investment banking revenues helped offset a decline in trading. Citi's results were similar to those of its Wall Street competitors, JPMorgan Chase and...

S&P 500 notches 3rd straight weekly gain as US stocks rally

Apr. 12, 2019 5:01 PM EDT

Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading. The strong finish gave the S&P 500 its third straight weekly gain. The benchmark index is now just under 1% from its most recent all-time high set on September 20, reflecting the...

Asian stocks mostly higher after mixed Wall Street day

Apr. 11, 2019 11:44 PM EDT

BEIJING (AP) — Asian stock markets were mostly higher Friday after a mixed Wall Street close on listless trading. Benchmarks in Tokyo, Sydney and Seoul rose. China's main index was up 1 point while Hong Kong retreated. Investors watched for Chinese trade data due out Friday. Traders were hoping for a "good...

CEOs of big banks face off with House Democrats

Apr. 10, 2019 4:41 PM EDT

NEW YORK (AP) — The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee on Wednesday, some dealing with current risks to the financial system and other focused on more politically-charged topics. The appearance by the chief executives of JPMorgan...

The Latest: BofA CEO asked about mortgage modifications

Apr. 10, 2019 3:25 PM EDT

The Latest on the appearance of U.S. bank CEOs before Congress (all times local): 3:15 p.m. The chief executive of one of the largest mortgage lenders in the country said he's never personally experienced what a mortgage modification is like. That's the comment made by Brian Moynihan, the CEO of Bank of America,...

Asian shares fall amid global tensions, worries about growth

Apr. 9, 2019 10:59 PM EDT

TOKYO (AP) — Asian shares fell Wednesday following a slide on Wall Street amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth. Japan's benchmark Nikkei 225 dropped nearly 0.8% in morning trading to 21,635.16. Australia's S&P/ASX 200 slipped nearly...

Markets Right Now: S&P 500 falls, ending an 8-day win streak

Apr. 9, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street, breaking an eight-day winning streak for the S&P 500 index. Industrial companies and banks led the way lower Tuesday. Caterpillar fell 2.5% and Citigroup gave up 1.3%...