Citi cuts return targets to spend more on regulatory fixes, plans …

11 hours ago · Citi cuts 2026 ROTCE targets citing higher regulatory expenses Bank announces $20 billion in share buybacks, $1.5 billion in Q1 Citi beats Q4 profit estimates; dealmakers, traders shine Shares ...

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Citi Cuts Return Targets To Spend More On Regulatory Fixes, Plans …

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Citi Cuts Return Targets To Spend More On Regulatory Fixes, Plans …

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11 hours ago · (Reuters) -Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time, announced a $20 billion share buyback …

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Citigroup Cuts Return Targets To Spend More On Regulatory Fixes, …

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10 hours ago · Citigroup C-N cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time, announced a $20-billion share buyback program.. …

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Citi Cuts Return Targets To Spend More On Regulatory Fixes, Plans …

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11 hours ago · Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks FILE PHOTO: Customers use ATMs at Citibank branch in New York City · Reuters …

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Citi Beats Profit On Trading Strength, But Cuts Return Targets ... - MSN

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(Reuters) -Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion buyback program as it cut a closely watched return …

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US Regulators Fine Citi $136 Million For Failing To Fix Longstanding ...

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Jul 10, 2024 · WASHINGTON (Reuters) -U.S. bank regulators fined Citigroup $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required …

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Citi Beats Profit On Trading Strength, But Cuts Return Targets After ...

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9 hours ago · (Reuters) -Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion buyback program as it cut a closely …

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Citigroup Cost Cuts Push Q4 EPS Higher | The Motley Fool

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6 hours ago · Q4 revenue was $19.6 billion, surpassing the estimated $19.51 billion and rising 12% year over year. EPS of $1.34 topped the $1.22 analyst expectations. Operating expenses …

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Citigroup (C) Faces $136M Penalty For Failing To Fix Data Issues ...

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Jul 12, 2024 · Citigroup Inc. C announced that it has been penalized by the U.S. bank regulators with a $136 million fine for failing to make adequate progress in fixing data management …

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FAQs about Citi cuts return targets to spend more on regulatory fixes, plans … Coupon?

Can Citi's wealth management team meet growth targets?

Revenue in Citi's wealth management division, a key part of Fraser's growth strategy, climbed 20% to $2 billion. Investors are now assessing whether Fraser and her team can meet growth targets and make progress on addressing regulatory punishments imposed on the bank in the last few years. ...

Did Citigroup beat estimates for fourth-quarter profit?

(Reuters) -Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion buyback program as it cut a closely watched return target. ...

Why did Citi reorganize in 2023?

Fraser laid out a plan in late 2023 to grow profits, streamline operations and fix long-standing deficiencies in the bank's risk management and data governance, and much of the reorganization was carried out through last year. Revenue in Citi's wealth management division, a key part of Fraser's growth strategy, climbed 20% to $2 billion. ...

How did Citi's Investment banking revenue perform in the fourth quarter?

Citi's investment banking revenue jumped 35% to $925 million in the fourth quarter. Global investment banking revenue jumped 26% in 2024 to $86.8 billion, according to data from Dealogic. Citi earned the fifth-highest fees across banks, over the same period. Overall banking revenue came in at $1.2 billion, up 27% from a year earlier. ...

Why were Citi shares last up 5% in premarket trading?

Shares of the third-largest U.S. lender were last up 5% in premarket trading on Wednesday after Citigroup said its board has authorized a new share repurchase program. "2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses," said Citi CEO Jane Fraser. ...

Why was Citi fined $400 million in 2020?

In 2020, the Office of the Comptroller of the Currency and the Federal Reserve fined Citi $400 million for some risk and data failures. Last year in July, regulators fined Citi $136 million for insufficient progress in tackling those issues. ...