Citigroup Soars as Fraser Plans to Buy Back $20 Billion of Stock

21 hours ago · Citigroup Inc. said it will repurchase $20 billion worth of its stock in the coming years — unleashing billions of excess capital the bank had been keeping on hand in order to …

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Citigroup Soars As Fraser Plans To Buy Back $20 Billion Of Stock

2 weeks from now

21 hours ago · Citigroup Inc. said it will repurchase $20 billion worth of its stock in the coming years — unleashing billions of excess capital the bank had been keeping on hand in order to …

bloomberglaw.com

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

2 weeks from now

1 day ago · Citi's stock surged 37% in 2024, outperforming the broader banking index , opens new tab and the equity markets , opens new tab, as investors cheered CEO Jane Fraser's …

reuters.com

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

2 weeks from now

1 day 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 …

yahoo.com

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Citigroup Earnings Top Wall Street Forecasts - Yahoo

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22 hours ago · Shares rose 3.6% in premarket trading. Citi, one of the nation’s largest banks, has been pursuing a turnaround strategy under CEO Jane Fraser, who has sold off some business …

yahoo.com

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

2 weeks from now

1 day ago · Revenue in Citi's wealth management division, a key part of Fraser's growth strategy, climbed 20% to $2 billion. Citi cuts return targets to spend more on regulatory fixes, plans $20 …

investing.com

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Citi Rolls Back Key Target Halfway Through Fraser’s Revamp

2 weeks from now

1 day ago · Citigroup Soars as Fraser Plans to Buy Back $20 Billion of Stock Repurchase plan shows ‘continued confidence’ in earnings: CFO Bank lowered 2026 target for return on …

bloomberg.com

FAQs about Citigroup Soars as Fraser Plans to Buy Back $20 Billion of Stock Coupon?

Will Citigroup repurchase $20 billion?

Still, Fraser has sought to improve what the bank is offering its investors. She announced on Wednesday that the company’s board of directors has authorized a program that will let Citigroup repurchase $20 billion worth of stock in the coming years. ...

Will Citigroup miss a critical long-term target?

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wall Street analysts are betting Citigroup will miss a critical long-term target, heaping pressure on chief executive Jane Fraser to prove her sweeping overhaul will succeed in turning around one of America’s biggest banks. ...

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. ...

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. ...

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 Citigroup swung to a profit in Q4?

Picture taken October 11, 2020. REUTERS/Nick Zieminski/File Photo (Reuters) - Citigroup (NYSE: C) swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees. ...