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Citigroup’s stock dropped more than 1% in after-hours trading Wednesday. Its stock has risen more than 26% since the beginning of the year, outperforming all other big bank rivals.
Citigroup stock gained 39% in the last 12 months. Price Action: C shares are trading lower by 0.91% at $65.11 at the last check on Friday. Image via Shutterstock
KEN SWEET. July 10, 2024 at 4:57 PM. NEW YORK (AP) — A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in ...
Citigroup Inc. or Citi ( stylized as citi) is an American multinational investment bank and financial services company in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.
Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job ...
The hope is that these moves will revive Citigroup’s stock. Over the past decade, it has fallen more than 2%, significantly lagging Big Bank peers and even the wider KBW US bank index ( ^BKX ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Shares of Citigroup Inc (NYSE:C) tumbled sharply yesterday on fears of a potential financial crisis brewing in Italy and concerns over slowing banking revenues. Citigroup stock fell nearly 4% and ...