Financial Sector Update for 02/26/2024: JPM, C, GS, BABA
NASDAQ · 18h ago
JPM’s global investment banking chief departs for Citi a month after top rank-reshuffle
JPMorgan Chase’s global investment banking chief Viswas Raghavan is leaving for Citigroup. He will be head of banking and executive vice chair of Citi. His departure comes a month after Jamie Dimon promoted two top executives at the bank. The move was seen as setting the stage for a potential successor to Dimon.
MarketWatch · 21h ago
Citigroup Named Viswas Raghavan As Head Of Banking
Benzinga · 1d ago
Analysts Offer Insights on Financial Companies: OneMain Holdings (OMF), Kinsale Capital Group (KNSL) and Citigroup (C)
TipRanks · 1d ago
Weekly Report: what happened at C last week (0219-0223)?
Weekly Report · 1d ago
The State Of REITs: February 2024 Edition
The REIT sector had a rough start to 2024 with a -5.72% total return in January. 16 out of 18 REIT property types averaged a negative total return. Malls and Data Centers were the only property types in the black. The average REIT NAV discount widened from -12.94% to -18.10% during January.
Seeking Alpha · 1d ago
Citigroup: Its Turnaround Story May Finally Be Here - Execution Remains Critical
Citigroup's turnaround story is finally here, thanks to the management's drastic cost optimization plans through 2026. The bank's TTS/ USPB continues to generate great growth, but the stock continues to trade at a discount from its book value. C may face temporal headwinds as interest rates moderate and delinquency rates rise.
Seeking Alpha · 2d ago
Citi's Hedge Fund Senior Sales Executive Conor Davis To Depart Amid CEO's Restructuring Efforts: Report
Conor Davis, one of Citigroup's most senior sales executives, will leave in the coming weeks, Bloomberg reported. Davis is responsible for managing sales and relationships with hedge funds and other institutional clients. His departure is part of the bank's efforts to streamline its operations. CEO Jane Fraser is leading a restructuring at Citigroup.
Benzinga · 3d ago
JPMorgan: Fairly Valued Despite Positive Fundamentals
JPMorgan Chase & Co. (JPM) has a steady net interest margin of 1.9% over the last ten years. The bank has a CAGR of 7.1% for the next five years. JPMorgan has shown resilience despite recent interest rises. The company has a 'hold' recommendation for the stock.
Seeking Alpha · 3d ago
Here Are All 45 Stocks Warren Buffett Holds for Berkshire Hathaway's $371 Billion Portfolio
Warren Buffett's investment portfolio for Berkshire Hathaway entering 2024. The Oracle of Omaha has delivered a 4,800,000% aggregate return in his company's stock since the 1960s. Buffett and his team have 45 stocks in their roughly $371 billion portfolio. The "Oracle of Omaha" is heavily concentrated in a few core investment ideas.
The Motley Fool · 4d ago
Citigroup: Another Turnaround Catalyst
Citigroup stock has soared to a recent multi-year high of nearly $60. The bank aims to improve efficiency by cutting expenses and investing in technology to boost the RoTCE up to 12%. Citigroup continues to trade at a massive discount compared to its peers in the banking sector. The large bank has failed to execute several turnaround plans. The key upside is the potential impact of the Basel III regulations.
Seeking Alpha · 4d ago
Trailing S&P500 By 18% Since The Start Of 2023, What To Expect From Goldman Sachs Stock?
NASDAQ · 4d ago
Notable Thursday Option Activity: CAR, C, CCK
NASDAQ · 4d ago
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About C
Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other. ICG segment consists of services, markets and banking that provides corporate, institutional, and public sector clients with a range of wholesale banking products and services. Its PBWM segment consists of United States (US) personal banking and global wealth management. The US personal banking includes retail banking, which provides traditional banking services to retail and small business customers. Its Legacy Franchises segment includes Asia consumer banking, Mexico consumer banking/Mexico small business and middle-market banking (SBMM) and legacy holdings assets.