Amerikanska storbanken sjunker – trots rekordvinst

Tre storbanker på Wall Street har sparkat igång rapportsäsongen i USA. JP Morgan Chase & Co sjunker den inledande handeln efter bankbjässens kvartalssiffror – trots en rekordstor vinst. Men Citigroup stiger efter oväntat stora kostnadsbesparingar.

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8 procents rabatt när storägarna sålde Trucalleraktier

Truecallers storägare Kleiner Perkins och Peak XV sålde på tisdagskvällen tillsammans 15 miljoner B-aktier i kommunikationsbolaget, enligt ett pressmeddelande från Carnegie, som jämte Citigroup agerade mäklare.

Spretiga rapporter från storbanker i USA

Det var spretiga besked när de amerikanska storbankerna Citigroup, JP Morgan Chase & Co och Wells Fargo presenterade sina rapporter för första kvartalet i år. Ett hårt tryck nedåt på räntenettot framträder, men tradingresultaten ser starka ut.

Höjda riktkurser för industrijättar – här är dagens rekar

Citigroup höjer riktkurserna för svenska industribolag som Alfa Laval, Atlas Copco och Sandvik och it-konsultbolaget Addnode har fått en köpstämpel av SEB. Här är tisdagens riktkurs- och rekommendationsförändringar.

Rekar: Saab får köpstämpel – uppsida på 19 procent

Den amerikanska storbanken Citigroup ser köpläge i Saab och spår att aktien ska lyfta med ytterligare 19 procent. Samtidigt genomför Handelsbanken breda rekommendationssänkningar av fastighetsbolag. Här är morgonens riktkurs- och rekommendationsförändringar.

Storbank spår AI-lyft för chiptillverkare – rusar på Wall Street

Chiptillverkaren Broadcom rusar med nästan 10 procent på Wall Street på måndagskvällen efter att Citigroup köpstämplat aktien. Banken tror att bolaget är väl positionerat för att tjäna gott om pengar på den rådande AI-hajpen.

Plusöppning på Wall Street – storbanker rapportstiger

USA-börserna inleder veckans sista handelsdag svagt uppåt. De tre storbankerna JP Morgan, Citigroup och Wells Fargo stiger alla efter sina kvartalsrapporter.

Dubbelsänkning för Avanza – här är dagens rekar

Citigroup höjer riktkurserna för flera svenska industribolag två amerikanska banker sänker riktkursen för Avanza. Här är fredagens riktkurs- och rekommendationsförändringar.

Detta händer fredag 13 oktober

Klockan 8 – denna fredag den trettonde – presenteras den svenska inflationssiffran för september. I eftermiddagen kommer den amerikanska banktrion Citigroup, JP Morgan och Wells Fargo med kvartalsrapporter.

Stockholm inleder veckan på rött – Saab stiger kraftigt

Stockholmsbörsen inleder veckan nedåt. Klockan 09.50 står indexen så här:

• OMXSPI: -0,6 % • OMXS30: -0,8 %

Förra veckans handel präglades bland annat av en stark jobbsiffra från USA. Under helgen har världen skakats om av attacker mot Israel från Hamas. Det har påverkat oljepriserna och ökat den geopolitiska risken. Den ökade risken kan enligt flera experter orsaka stora konsekvenser för energimarknaden och fortsätta pressa upp oljepriserna. DI valde EQT som veckans aktie med tydlig säljstämpel. ”Sälj direkt – innan storägarna gör det”, skrev affärstidningen. Aktien faller nästan 4 procent. Citigroup sänker Billerud till sälj med riktkurs 90 kronor. Aktien faller drygt 1 procent. Egetis har ansökt om marknadsgodkännande för läkemedlet Emcitate hos den europeiska läkemedelsmyndigheten. Aktien är upp knappt 3 procent. SEB höjer Saab till köp från tidigare behåll. Bolagets aktie rusar 9 procent. Cyxone handlas upp drygt 4 procent efter ett patentbesked från det europeiska patentverket. New York-börserna i fredags S&P 500: +1,2% Nasdaq: +1,6% Dow Jones: +0,9%

Citigroup på YouTube

Citigroup and the 'financial supermarket' experiment | FT Film

The 1998 mega-merger between banking giant Citicorp and insurer Travelers Group created the world's biggest financial services ...

Financial Times på YouTube

Citigroup earnings top estimates, boosted by investment banking

CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.

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Citigroup, Apollo Team Up in $25 Billion Private Credit Market Push

Citigroup and Apollo Global Management are joining forces in the private credit market, agreeing to work together on $25 billion ...

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Citi: Not Just Any Bank :30

We live in an increasingly complicated world. Many companies these days are either born global or are going global at record ...

Citi på YouTube

Citi Client Wins - Amgen :30

Citi's seamlessly connected Banking, Markets, and Services businesses deliver global financial solutions so our client Amgen can ...

Citi på YouTube

Citigroup i poddar

Citigroup reboots

In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years. Stepping up to the challenge of repairing the bank is chief executive Jane Fraser, who announced her restructuring plan in September. The FT’s US banking correspondent Stephen Gandel and US banking editor Joshua Franklin discuss whether Fraser can turn the bank around, and if not, what happens to Citi. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaulJane Fraser: the woman trying to turn Citi around Citi: Fraser the Razor needs sharper edge in her battle with The Blob - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Stephen Gandel, (@stephengandel), Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ep#056 | Market Dynamics: From Fed Decisions to Citigroup's Crypto Foray

Rob Nelson returns to helm the latest episode of the Bulls, Bears, and Blockchain podcast, engaging with a panel of esteemed experts: Jon Najarian, Marc LoPresti, Alex Mascioli, and Marco Presley. Together, they navigate through the maze of upcoming Fed meetings, changing consumer spending habits, the ebb and flow of energy prices, and the implications of Citigroup's bold move into the crypto realm.Summary:As the financial world eagerly anticipates the Fed's pivotal meetings, the panel discusses the potential ramifications for the markets. A shift in consumer behavior emerges as a central theme, with indications of reduced spending in sectors like apparel, dining, and electronics. The energy domain is buzzing with rising prices, and stalwarts like Occidental and Exxon Mobil stand poised to capitalize. While the buzz around Instacart's IPO grows, the panel weighs in on potential hurdles it might face, given the current consumer climate and burgeoning competition. Rounding off the discussions, the episode delves into Citigroup's ambitious launch of a crypto token and private blockchain system, marking a transformative step in payment processes.Key Highlights: "Consumers are reducing their spending and expect to continue doing so, particularly in areas like clothing and restaurants." - Marc LoPresti "Energy prices are going up, and stocks like Occidental and Exxon Mobil are expected to perform well." - Jon Najarian "Instacart's IPO may struggle due to consumer spending trends and increased competition." - Marc LoPresti "Citigroup is launching a digital token and private blockchain system to facilitate seamless payments for its customers." - Alex Mascioli Join us for a deep dive into these pressing topics, providing you with insights to stay informed and ahead in the financial world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode 160: Sandy Weill and Citigroup (Part 1)

The first part of our 3 part series exploring the saga of Citigroup, the first American bank to become too big to fail. We follow the career of its billionaire CEO Sandy Weill: a rich kid from Brooklyn who had a dream to climb the corporate ladder by smashing up a million people's pensions, health benefits, salaries, and then to make a corporate monstrosity that would cook up fake documents to steal their house as well. When we talk about too big to fail banks we are talking about government sponsored entities. These are "private" banks run by private boards of directors that pay the profits to private individuals but are almost entirely funded with public (taxpayer) money. This series will study how this strange system came to be and hopefully motivate enough people to demand it end. The primary source for this episode was the biography "Tearing down the Walls" by Monica Langley: https://www.barnesandnoble.com/w/tearing-down-the-walls-monica-langley/1023673999

Citigroup Inc., Q3 2023 Earnings Call, Oct 13, 2023

Citigroup's Chris Powers on Data Literacy

Joining Cindi today is Chris Powers, Senior Vice President and Global Product Manager of Business Data Analytics & Digital Innovations at Citigroup.On this episode, Chris and Cindi discuss data literacy as a thought process that is nurtured by a good old-fashioned willingness to take things apart and put them back together again, what common data sense is and how it can be taught to people without shaming them, and why "the five whys" are an invaluable technique for solving almost any problem.They also examine the real -- and counterintuitive -- purpose of self-service analytics. Plus, Cindi and Chris explain why data's role as the new oil is only as good as knowing what engine can use it.Key Takeaways:If data is the new oil, you need to make sure it gets to the engine that can use it. Data, like oil, doesn't do anything on its own. In order for it to be of use, you need to have processes in place to contextualize that data and ensure it gets to the right experts and business decision-makers.Business users often know what they want, but not how to reach it. Your job is to connect the dots between them and their goal, while challenging false assumptions that obscure the path to that goal. For this (and many other problems you'll encounter), the five whys can prove to be an indispensable technique.The success of self-service analytics relies on data literacy. The "sink or swim" strategy will only drown prospective users faced with an overwhelming ocean of data they don't know how to process. The good news: anyone can learn the basics if they just start small.Data literacy is a thought process, not a formula. Cultivate an inquisitive mind that seeks to understand how pieces fit together to make a functional whole. It will serve you and business users better than pointing to a graph that tells you something you both already know.More About Chris:Chris Powers has been at Citigroup for the last 24 years. In his current role working with client experience data, he focuses on providing the tools and insights to interpret the data so people can be empowered to make the best decisions for their clients. But for him, it is not just about the data. People tell stories with their data, and to do that effectively, they need to be able to understand what their data is telling them. Chris works to create a community of people that can effectively work and communicate with their data in order to build a data-driven culture. He doesn’t just do this inside Citi.Chris is one of the founding members of the Tampa ThoughtSpot user group and is also a 2020 Qlik Data Luminary, creator, and co-organizer of the Tampa Qlik Meetup group. Since his childhood, he has had quite the journey to get where he is today. Learning how to overcome his own data anxiety, navigating through a rollercoaster of education decisions, and putting his sometimes exhausting questioning of "But why?” to good use. He spent more than 10 years in customer service before finally joining Citi. Now Chris uses the unique experiences from his journey to help people with common data sense.--The Data Chief is presented by our friends at ThoughtSpot. Searching through your company’s data for insights doesn’t have to be complicated. With ThoughtSpot, anyone in your organization can easily answer their own data questions, find the facts, and make better, faster decisions. Learn more at thoughtspot.com. -- For full show notes and more, go to thedatachief.com.

Squawk on the Street+ Citigroup CEO Jane Fraser

In this CNBC exclusive, Citigroup CEO Jane Fraser joins Sara Eisen to discuss the vision behind splitting Citi into five business units, whether layoffs are part of the restructuring plan, and how the company intends to unlock more value.

Citigroup (C) - Lowest Price Big Bank Stock

Today we'll learn about Citigroup, one of the Big Four American banks. Like its peers, Citi has had a tumultuous history. Is the stock worth the price at current levels?History of Citigroup [00:02:26] Citigroup's history, from its founding in the early 1800s to its expansion and innovation in the 20th century, to its acquisition of Travelers Group and subsequent spinoff, to its troubles during the financial crisis and eventual return to profitability.Citi's Business Model [00:04:50] An overview of Citigroup's business model, including its five major markets: banking, personal banking, markets, Citi Global Wealth, and services.Citigroup's Financials [00:07:00] A summary of Citigroup's financial data over the past several years, including its revenue, net income, dividends, and share repurchases.Citigroup's stock price performance [00:10:22] Citigroup's stock price has been flat over a year and down over 30% over the past five years. The market is pricing it lower than its peers, but it could be a good stock to own potentially.Earnings yield and dividend yield of Citigroup [00:11:20] The earnings yield of Citigroup stock is 15%, and the dividend yield is 4.39%, which is higher than average in the market right now.Is Citigroup a potential value play? [00:12:26] Citigroup could be a potential value play, but it depends on whether you want to own a bank with slower growing revenues compared to its peers.🎧 Listen to 200+ episodes on other companies and mental models:https://stockstoryteller.com/podcast/Disclaimer: Everything shared is for informational and educational purposes only. Nothing I share on this platform should be construed as financial, tax, or legal advice. Please consult a competent professional who can assist with your specific needs and circumstances.Email: alex@stockstoriespodcast.com

Citigroup’s Ray McGuire: Maybe This Time It’s Different

Ray McGuire, Vice Chairman of Citigroup, calls for executive action in response to the deaths of George Floyd, Breonna Taylor, Ahmaud Arbery, and other Black Americans. He recommends companies work to close the opportunity gap in the U.S. with investments in early education technology for Black communities. As he recounts his own journey to Wall Street boardrooms, he says, “It’s not about me...it’s about all of those kids who look like me.” As nationwide protests of systemic racism continue, states across the country attempt to reopen their economies and stem a resurgence of Covid-19. Former FDA Commissioner Dr. Scott Gottlieb discusses the uncertain path ahead and highlights which states are on the right track.