Latest Citigroup Inc News

30 business leaders are promoting sustainable investments

Oct. 19, 2021 20:09 PM EDT

UNITED NATIONS (AP) — Thirty top business leaders are seeking to encourage private investment to help the U.N. achieve development goals for 2030, including tackling climate change, preserving the environment, ending poverty, promoting economic growth, and improving health care and...

Goldman Sachs' profits jump 60% helped by deal-making frenzy

Oct. 15, 2021 10:34 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 60% in the third quarter, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said Friday that...

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

JPMorgan's 3Q profits rise, but low rates weigh on revenue

Oct. 13, 2021 13:05 PM EDT

NEW YORK (AP) — JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels. Despite the slow revenue growth, the bank...

Asian shares mixed after muddled day of trading on Wall St

Oct. 13, 2021 01:09 AM EDT

Shares were mixed in Asia on Wednesday after an up-and-down day on Wall Street ended with most benchmarks lower as traders waited for updates on inflation and corporate earnings. Tokyo's Nikkei 225 index fell 0.3% to 28,158.28 and the S&P/ASX 200 edged 0.1% lower to...

Stocks give up an early gain and end lower on Wall Street

Oct. 11, 2021 16:42 PM EDT

Stocks closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates. The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15...

Lululemon, Moderna rise; Comtech, Newmont fall

Oct. 05, 2021 16:27 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Lululemon Athletica Inc., up $4.55 to $397.12. The athletic apparel maker's board of directors boosted its stock buyback plan by $500 million. ...

Asian shares mostly lower on lackluster China, Japan data

Sep. 15, 2021 23:18 PM EDT

Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected. Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney. Japan reported that its exports rose 26.2% in August from a year...