Latest Citigroup Inc News
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
NEW YORK (AP) — Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. JPMorgan reported a modest 6% rise in profits...
Citigroup: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported first-quarter earnings of $3.37 billion. The bank, based in New York, said it had earnings of $1.58 per share. The results beat Wall Street expectations. The average estimate of seven analysts...
This Week: Consumer prices, Fed meeting minutes and earnings reports from several big banks
A look at some of the key business events and economic indicators upcoming this week INFLATION BAROMETER The Labor Department releases its March report on consumer prices Wednesday. Analysts expect inflation at the consumer level rose 3.4% in March from...
Michelle Yeoh to join business and political leaders at Global Citizen NOW summit to fight poverty
NEW YORK (AP) — Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on May 1 and 2, the nonprofit announced on Thursday. ...
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
LONDON (AP) — A British financial trader, who has been described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis, lost his appeal Wednesday to have his conviction quashed. Tom Hayes, 44, who was a former trader at U.S. bank...
Citi Trends: Fiscal Q4 Earnings Snapshot
SAVANNAH, Ga. (AP) — SAVANNAH, Ga. (AP) — Citi Trends Inc. (CTRN) on Tuesday reported profit of $3.6 million in its fiscal fourth quarter. On a per-share basis, the Savannah, Georgia-based company said it had profit of 42 cents. Earnings, adjusted for one-time gains and costs,...
Americans' reliance on credit cards is the key to Capital One's bid for Discover
NEW YORK (AP) — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won't break the habit. Capital One Financial announced Monday that it would buy Discover Financial...
Capital One's bid for Discover carries expectation that Americans won't slow credit card use
NEW YORK (AP) — Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion. The combination could...
Capital One to buy Discover for $35 billion in deal that combines major US credit card companies
NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. ...
Record cocoa prices heading into Valentines Day proves to be a headache for sweets king Hershey
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday. Bad weather in West...
