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BIZARRE: Citigroup - What They Never Told You

Citigroup Stock: Is C Outperforming the Financial Sector?

Citigroup has outperformed the Financial sector over the past year, and analysts are moderately optimistic about the stock’s prospects.

SEC Probe Puts Wall Street Leverage Risk Back in Focus

SEC Probe Puts Wall Street Leverage Risk Back in Focus

SEC subpoenas Goldman Sachs, JPMorgan, Citigroup and Bank of America over margin lending to hedge fund Situational Awareness, which suffered a 67% drawdown amid an AI stock sell-off.

Captive buyouts: Are IT cos scaling up or skilling up?

Captive buyouts: Are IT cos scaling up or skilling up?

Indian IT companies are buying client technology units to secure larger partnerships. This strategy aims to boost contract values as organic growth slows down. TCS, Wipro, and HCLTech have recently made significant acquisitions. These deals involve acquiring intellectual property and engineering talent. This trend revives a past strategy of acquiring…

The Economic Times

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Melrose soars and stocks climb as oil price cools

The FTSE 100 Index closed up 31.84 points at 10,886.16.

Evening Standard

The SEC Reportedly Wants To Know More About Wall Street Banks' Role In The Fall Of Situational Awareness

Goldman Sachs, JP Morgan, Citigroup and Bank of America have been contacted.

International Business Times

Y Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers

Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.

The Economic Times

Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surge

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI…

The Economic Times

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SEC makes shareholder proposal no-action pause permanent

In this week’s edition of Economy and Society:

Jamie Dimon recalls being fired by Citigroup and surviving a near-fatal heart emergency: JPMorgan CEO says the setback “affected my net worth, not my self-worth”

Jamie Dimon recalls being fired by Citigroup and surviving a near-fatal heart emergency: JPMorgan CEO says the setback “affected my net worth, not my self-worth”

JPMorgan Chase CEO Jamie Dimon recalled his unexpected 1998 Citigroup firing and his near-fatal 2020 heart emergency. His daughter even asked him whether they would have to sleep on the streets after he lost his job. Recalling these setbacks, the Wall Street veteran revealed how career setbacks and confronting mortality…

The Economic Times

Citi Employee Laid Off Mid-Vacation Over Phone Call: 'I Have to Figure Out Who I Am, and I'm Not Ready'

Citi Employee Laid Off Mid-Vacation Over Phone Call: 'I Have to Figure Out Who I Am, and I'm Not Ready'

The ongoing Citigroup layoffs, their financial impact, and future projections. Learn how these rolling reductions differ from traditional announcements and what they mean for employees.

International Business Times UK

Markets Hold Their Breath for Friday's Jobs Number, the First Real Test of a Fed That Refuses to Guide

Markets Hold Their Breath for Friday's Jobs Number, the First Real Test of a Fed That Refuses to Guide

The Fed's silence under new Chair Kevin Warsh impacts the July jobs report and the bond market. Experts predict 83,000 new jobs and a steady 4.2% unemployment rate, sparking market reactions.

International Business Times UK

Eli Lilly Could Swing $65.9 Billion After Earnings

Eli Lilly Could Swing $65.9 Billion After Earnings

Earnings are set to hit the tape in a tight window on Wednesday and the options market is already sketching out how much volatility traders are willing to pay for into the prints, according to Benzinga Pro.

Quote of the day by Jamie Dimon: “And if you’re going to be a leader, you know what I ask myself? Would I want to work for...” — Inspiring life lessons on leadership, trust, accountability, character, decision-making, and why the best leaders earn confidence before they demand it by the legendary American banker and CEO of JPMorgan Chase

Quote of the day by Jamie Dimon: “And if you’re going to be a leader, you know what I ask myself? Would I want to work for...” — Inspiring life lessons on leadership, trust, accountability, character, decision-making, and why the best leaders earn confidence before they demand it by the legendary American banker and CEO of JPMorgan Chase

Today's Quote of the Day by Jamie Dimon: Jamie Dimon's quote about leadership deconstructs managerial capability into four distinct human dimensions. Rather than evaluating a leader solely by quarterly performance metrics, revenue growth, or academic credentials, Dimon forces executives to evaluate candidates through personal, parental, structural, and financial lenses.

The Economic Times

Ex-Citigroup Boss Sentenced to 30 Years After Autism Defence Is Rejected

Ex-Citigroup Boss Sentenced to 30 Years After Autism Defence Is Rejected

Former Citigroup managing director Edward Gene Smith has been sentenced to 30 years in a US federal prison after prosecutors demolished his claim that autism drove his decade-long pattern of sexual abuse.

International Business Times UK

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Citigroup Stock Outlook: Is Wall Street Bullish or Bearish?

Citigroup's recent performance has been difficult to ignore, though the more intriguing question is where analysts stand now.

Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters

Seagate Technology beat earnings and revenue estimates and issued guidance well above Wall Street forecasts, driving shares higher after a recent AI-driven sell-off.

3 Unique AI Software Plays With Strong Analyst Support

Klaviyo, Similarweb, and Braze have drawn analyst price target boosts or upgrades amid the AI stock correction, with each posting revenue growth and notable upside potential.

International Business Times UK

Ex-Citigroup Exec Jailed for 30 Years for Drugging Women, Filming Assaults, and Possessing Child Abuse Images

Former Citigroup exec and Harvard grad Edward Gene Smith sentenced to 30 years in federal prison for drugging and assaulting women, possessing child abuse material, and obstructing justice in New York.

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This High-Yield Bank Stock Just Raised Its Dividend by 11.7%.

Citigroup announced an 11.7% increase in its quarterly dividend to $0.67 per share from $0.60 following its strongest quarterly revenue in about a decade.

Microsoft Could Swing $189 Billion in Value After Earnings

Earnings are set to hit the tape on Wednesday, after the closing bell, and options traders are already laying down markers on how violent the post-print reaction could be, according to Benzinga Pro.

Evening Standard

Earnings tonic boosts FTSE 100 as oil falls back

Well-received earnings from Unilever, Croda and GSK spurred gains on the blue-chip FTSE 100.

Coca-Cola's Earnings Could Put $10.7 Billion In Market Value On The Line

Earnings are back in focus on Tuesday, with a Benzinga-selected slate that spans beverages, aerospace, financial data and hardware. With guidance and margins often driving the biggest post-print repricings, the options market offers a clean read on how much volatility traders are bracing for, according to Benzinga Pro.

Oil Is Trapped At Hormuz: These 3 Refiner Stocks Are Cashing In

American refiners are minting money. The margin they earn turning crude into fuel has just surged to a record high as hostilities in the Strait of Hormuz flare up once again. The stocks tied to that trade are now leading the S&P 500 in July.

The Economic Times

Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts

Citigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks and stretched valuations. While remaining positive on the long-term AI theme, the brokerage retained an overweight rating on Taiwan and upgraded China, signalling a shift in emerging market positioning.

The Economic Times

US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costs

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank's results align with other…

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