Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.

Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.

Citi estimated a 10% earnings-per-share(EPS ... mix of favorable and adverse economic effects." The U.S. benchmark S&P 500 index (.SPX), opens new tab rallied 24% in 2024, fueled by growth ...

Trading desks benefited from a steep increases in U.S. equities, with the S&P 500 touching record-high levels in the fourth quarter. Markets revenue at Citi jumped 36% to $4.6 billion in the ...

The S&P 500 index has pulled back in the past few weeks as investors focus on the bond market and its rising risks. The SPX fell to $5,827, its lowest level since November 2, and 4.50% from its highest level in 2024.

The dollar was firm and Asia's stock markets were cautiously positive on Monday as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week.

Tariffs are the biggest risk, sparking fears that the administration’s plans could lead to more prolonged and unpredictable trade wars than during his first presidency

Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.

We recently compiled a list of the 15 Best Cheap Stocks to Buy for 2025. In this article, we are going to take a look at where Citigroup Inc. (NYSE:C) stands against other best cheap stocks to buy for 2025.

The Financial sector was in focus as it saw 16 companies belonging to the S&P 500 Financial Sector (NYSEARCA:XLF) report quarterly results this week. XLF gained over 6% over the week, outpacing S&P 500 rise of 2.

Financial stocks had among the biggest gains among the S&P 500 ‘s 11 sectors in afternoon trading Wednesday, as shares of Citigroup Inc. and Wells Fargo & Co. each jumped more than 7%, according to FactSet data,

Citi economist Veronica Clark wrote in a note to clients on Wednesday that markets have "overestimated the stickiness of inflation." "Details of December data should also be encouraging for ...