Citigroup Inc. (C)
After hours:
| Previous Close | 58.56 |
| Open | 58.18 |
| Bid | 56.99 x 900 |
| Ask | 57.07 x 1100 |
| Day's Range | 56.74 - 58.55 |
| 52 Week Range | 38.17 - 63.90 |
| Volume | |
| Avg. Volume | 16,286,637 |
| Market Cap | 108.76B |
| Beta (5Y Monthly) | 1.50 |
| PE Ratio (TTM) | 16.62 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.12 (3.62%) |
| Ex-Dividend Date | May 03, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Deposits are banking industry's 'boogeyman': Money manager
Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Bloomberg
Citi’s Muni Exit Creates Liquidity Test If Downturn Hits Market
(Bloomberg) -- The recent departure of Citigroup Inc., a perennial top-10 underwriter of municipal debt, from that industry may eventually pose a challenge in the next muni downturn, said officials at two of the largest market participants.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelBeyond the Ivies: Surprise Winners in the List of Co
- Reuters
Big banks led by Citi continue to trim staff to cut costs
(Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop. Headcount at Citi declined by 2,000 employees after the third-largest U.S. lender completed a sweeping reorganization aimed at improving profits and reducing management layers. Headcount at Bank of America, Wells Fargo and PNC Financial declined by about 2,000 jobs combined in the three months ended March 31 compared with the previous quarter.
