Latest Citigroup Inc News

American Express posts 4Q profit that tops forecasts

Jan. 17, 2019 6:06 PM EST

NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or $1.42 a...

Asian stocks mixed on poor Japanese data, growth fears

Jan. 15, 2019 11:20 PM EST

SINGAPORE (AP) — Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6 percent to 20,430.73 while South Korea's Kospi added 0.3 percent to 2,102.45. Hong Kong's Hang Seng fell 0.3 percent to...

Hampered by scandals, Wells Fargo's profits stagnate

Jan. 15, 2019 2:46 PM EST

NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06 billion in...

Stocks edge up on Chinese growth plan, ahead of Brexit vote

Jan. 15, 2019 7:34 AM EST

SINGAPORE (AP) — Global stock markets mostly rose Tuesday as after Chinese officials set out plans to support the world's second-biggest economy through a slowdown. Investors were also looking at corporate earnings as well as a vote later by the British parliament on a Brexit deal that has drawn strong...

Asian shares recover as China outlines 2019 policy plans

Jan. 14, 2019 10:57 PM EST

SINGAPORE (AP) — Asian markets bounced back from slight early losses on Tuesday after senior economic officials said Beijing will cut taxes and keep monetary policy flexible to help weather China's slowdown. KEEPING SCORE: Japan's Nikkei 225 index, reopening after a market holiday, added 0.9 percent to...

Newmont Mining, Wynn and PG&E skid while Gannett jumps

Jan. 14, 2019 4:37 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Newmont Mining Corp., down $3.10 to $31.78 The company agreed to buy rival Goldcorp for $10 billion in a deal that will create the world's largest gold miner. Gannett Co., up $2.07 to $11.82 Digital First Media offered to buy the...

Markets Right Now: Stocks move lower on Wall Street

Jan. 14, 2019 4:09 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street after China reported a surprise drop in exports last month, renewing concerns about that country's economy. Technology and health care companies took some of the biggest losses...

Lower expenses and taxes send Citigroup's profits higher

Jan. 14, 2019 12:12 PM EST

NEW YORK (AP) — Citigroup said Monday its profits rose in the last three months of 2018, helped by a lower tax rate and lower expenses, which offset a drop in bond trading revenue. Citi said it earned $4.31 billion in the last three months of 2018, or $1.64 per share. On an adjusted basis, the earnings...

Off the Charts: More blowout earnings. What comes next?

Jan. 10, 2019 9:42 AM EST

NEW YORK (AP) — Forget about "What have you done for me lately?" The big question investors will be asking companies this upcoming earnings season is: What will you do next? Companies are lining up to tell investors how much they made during the last three months of 2018, and the reports get going in...

Stocks swing to huge gains after jobs report, trade talks

Jan. 4, 2019 8:45 PM EST

NEW YORK (AP) — Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild three months for markets. Hopes for progress in the U.S.-China trade dispute, a strong report on the U.S. jobs market...