$C (Citigroup Inc.)

$C {{ '2016-01-15T17:37:50+0000' | timeago}} • Webcast

$C said that it can drive continue efficiency gains in its core businesses as it continue to streamline operations, adjust capacity & capture the benefits of scale. $C anticipates tax rate to remain in the range of around 30-31% & expects ROA to remain at 90BPs or above.

$C {{ '2018-01-17T16:52:09+0000' | timeago}} • Webcast

$C said the tax reform is a clear net positive for Citi and its shareholders. CEO Michael Corbat said, "The changes will not only boost Citigroup's profits, but allow the bank to generate higher returns and generate more capital."

$BAC {{ '2018-01-17T14:54:10+0000' | timeago}} • Announcement

$BAC said its trading revenue for 4Q17 fell 11% to $2.5Bil, driven by a 13% decline in fixed income trading. The decline was primarily due to lower volatility and client activity. Earlier, rivals $JPM and $C had reported declines in bond trading of 34% and 18% respectively in 4Q17.

$C {{ '2018-01-16T15:34:40+0000' | timeago}} • Announcement

In 4Q17, $C's fixed-income trading revenues were $2.4Bil, down 18%, reflecting continued low volatility. Equity trading revenues also declined 23% during the quarter to $530MM.

$C {{ '2018-01-16T15:30:59+0000' | timeago}} • Announcement

$C CEO Michael Corbat said, "Tax reform does not change our capital return goals as we remain committed to returning at least $60Bil of capital in the current and next two CCAR cycles. Tax reform not only leads to higher net income and increased returns, but also serves to strengthen our capital generation capabilities going forward."

$C {{ '2018-01-16T15:27:58+0000' | timeago}} • Announcement

For the first time since 2009, $C posted a loss of $18.3Bil in 4Q17, weighed down by a charge of approx $22Bil related to Republican tax reforms. On a per share basis, the loss was $7.15. However, the banking giant managed to please investors by reporting double-digit growth in adjusted EPS to $1.28. Revenue for the quarter edged up 1% to $17.3Bil.

$C {{ '2018-01-16T14:54:13+0000' | timeago}} • Infographic

$C Citigroup Earnings AlphaGraphic: Q4 2017 Highlights

$BLK {{ '2017-11-28T18:52:42+0000' | timeago}} • Announcement

In an undisclosed deal, $BLK is set to acquire asset management business of Mexico-based Citibanamex, a subsidiary of $C. This deal involves about $31Bil in assets under management of Citibanamex. This transaction, which is expected to close in 2H18, will not have any material impact on the financials of BlackRock or Citigroup.

$BAC {{ '2017-10-13T19:10:55+0000' | timeago}} • Webcast

$BAC said it did not see a spike in loan defaults in 3Q17, unlike rivals such as $JPM and $C. However, the Charlotte, North Carolina- based company said it increased its provision for loan losses in the consumer banking segment by $269MM, keeping in mind the impact of hurricanes during the quarter.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$C {{ '2017-10-12T20:07:00+0000' | timeago}} • Webcast

$C expects NII to see an additional growth of $500MM YoY in 4Q17. Through this, the company is roughly in line with its projection of $1Bil of NII growth in 2H17, as it has already achieved a growth of $450MM in 3Q17.

$C {{ '2017-10-12T19:56:21+0000' | timeago}} • Webcast

$C said its card business with retailer $COST has been highly successful. "We've continued to be able to grow account balances and we've seen continued growth in the purchases. So it's still looking like an absolute winner for us," the company said.

$C {{ '2017-10-12T18:55:34+0000' | timeago}} • Infographic

Though expected, banking giants $C and $JPM reported decline in trading revenues in 3Q17, hurt by tepid volatility in market. However, Citigroup displayed a slightly better performance, helped by growth in stock trading revenue.

$C {{ '2017-10-12T14:10:59+0000' | timeago}} • Infographic

$C Citigroup Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$C {{ '2017-10-12T13:09:50+0000' | timeago}} • Announcement

In 3Q17, $C reported 3% growth in its Global Consumer Banking segment and 9% growth in Institutional Clients Group. Revenue from its smaller Corporate segment, meanwhile, saw a decline of 55% during the quarter.

$C {{ '2017-10-12T13:04:26+0000' | timeago}} • Announcement

$C's revenue from bond trading declined 16% in 3Q17, but this was offset by an equal growth in equity trading revenue. Overall, trading revenue fell 11% due to subdued volatility in the market, but this was lower than the 15% decline the company had predicted during the Investors' Day event held in July, 2017.

$C {{ '2017-10-12T12:47:32+0000' | timeago}} • Announcement

A day after IMF listed in its latest report, $C as the sole US bank that it expects to struggle to remain profitable, the banking giant pleased investors with higher revenue and net income for 3Q17. While revenue rose 2% to $18.2Bil, net income increased 8% to $4.1Bil. On a per share basis, net income rose to $1.42 from $1.24 a year ago.

$GE {{ '2017-10-02T11:51:59+0000' | timeago}} • Announcement

$GE has completed the closing of the sale of GE Water & Process Technologies to SUEZ for $3.4Bil on Sept 30, 2017. $GS and $C provided financial advice to $GE.

$PYPL {{ '2017-07-20T15:44:04+0000' | timeago}} • Announcement

Payment services provider $PYPL and $C have expanded their strategic agreement for broadening consumer payment choices. The partnership will allow Citi card-members to use their ThankYou Points to pay for all or part of purchases when shopping online through the PayPal gateway in US. The facility will be launched next year.

$C {{ '2017-07-14T19:13:02+0000' | timeago}} • Webcast

On balance sheet reduction, $C said it is an uncharted territory for the company, making it difficult to predict its impact over the next six months. $C added that it does not have anything major to put into the outlook for 2H17.

$C {{ '2017-07-14T18:22:50+0000' | timeago}} • Webcast

$C expects earnings to grow modestly YoY in 3Q17 in North America with continued momentum into 4Q17. The New York-based company also sees sequential decline in expenses, and tax rate in the range of around 32% for 2H17.

Recent Transcripts

BK (The Bank of New York Mellon Corporation)
Thursday, January 18 2018 - 1:00pm
GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
C (Citigroup Inc.)
Tuesday, January 16 2018 - 3:00pm
WFC (Wells Fargo & Company)
Friday, January 12 2018 - 3:00pm
BMO (Bank of Montreal)
Tuesday, December 5 2017 - 7:00pm
AFSI (AmTrust Financial Services, Inc.)
Wednesday, November 8 2017 - 10:30pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
EVBN (Evans Bancorp Inc.)
Monday, October 30 2017 - 8:45pm
AMG (Affiliated Managers Group Inc.)
Monday, October 30 2017 - 12:30pm
BEN (Franklin Resources, Inc.)
Thursday, October 26 2017 - 3:00pm
WHG (Westwood Holdings Group Inc.)
Wednesday, October 25 2017 - 8:30pm
STL (Sterling Bancorp.)
Wednesday, October 25 2017 - 2:30pm
HLI (Houlihan Lokey, Inc.)
Tuesday, October 24 2017 - 9:00pm
ZION (Zions Bancorporation)
Monday, October 23 2017 - 9:30pm
WAL (Western Alliance Bancorporation)
Friday, October 20 2017 - 4:00pm
WTFC (Wintrust Financial Corporation)
Thursday, October 19 2017 - 6:00pm
WBS (Webster Financial Corp.)
Thursday, October 19 2017 - 1:00pm
CTO (Consolidated Tomoka Land Co.)
Thursday, October 19 2017 - 1:00pm
BK (The Bank of New York Mellon Corporation)
Thursday, October 19 2017 - 12:00pm
TCBI (Texas Capital BancShares Inc.)
Wednesday, October 18 2017 - 9:00pm

AlphaGraphics you may like