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Citi

All articles tagged with #citi

business49 minutes ago•4 min saved

Fraser Sets Higher Bar for Citi as AI-Driven Transformation Advances

Citi CEO Jane Fraser told employees to raise the performance bar for 2026, demanding a more commercial, results-focused approach as the bank presses ahead with its Transformation to automate processes and cut costs. The plan to reduce up to 20,000 jobs over three years continues, with CFO Mark Mason noting headcount should decline further as AI investments progress. Citi also reported about $85 billion in revenue for 2025 and is reshaping leadership to emphasize AI-driven growth and North American talent needs in investment banking and wealth management.

via Business Insider|

#artificial-intelligence #business #citi

business21 days ago•1 min saved

Concerns Mount Over Nick Reiner's Behavior at Conan O'Brien Party Amidst Ongoing Investigations

Citi reports that certain stocks are expected to deliver impressive returns while maintaining low volatility, making them attractive options for investors seeking growth with stability.

via CNBC|

#business #citi #investment

business23 days ago•1 min saved

HSBC appoints ex-Citi executive with past conflicts with Andy Sieg

HSBC has appointed a former Citi executive who previously clashed with Andy Sieg, as part of its strategic hiring efforts.

via Financial Times|

#andy-sieg #banking #business

business1 month ago•5 min saved

Citi Announces 276 New MDs in Its Smallest Class Since 2020

Citi announced the promotion of 276 employees to managing director in 2025, marking the smallest class since 2020, with a focus on markets, banking, wealth, and services, reflecting the bank's strategic growth and restructuring efforts.

via Business Insider|

#2025-class #banking #business

business3 months ago•1 min saved

Citigroup Posts Record Q3 Revenue and Profit Growth

Citigroup reported a strong third quarter with record revenues across all divisions, a 15% increase in net income to $3.8 billion, and shares rising 1% premarket, driven by investments in digital assets and AI, with the bank outperforming the S&P 500 this year.

via CNBC|

#banking #business #citi

business3 months ago•1 min saved

Citigroup Focuses on Banamex IPO Amid Rejected Acquisition Offers

Citi has rejected an approach to acquire Banamex, choosing instead to focus on preparing for an initial public offering (IPO) of the Mexican bank.

via Financial Times|

#approach-rejected #banamex #business

business3 months ago•3 min saved

Navigating the Current Market: Is a Bubble Brewing or Just a Bull Run?

Citi's latest research suggests investors should stay long on US stocks despite concerns of a bubble, as the market is still in early bubble stages and indicators signal it may not be time to sell yet. The bank recommends monitoring two key indicators—the POLLS indicator and the 'When the Generals Fail' indicator—to determine when to exit the market, with current signals not yet indicating a downturn.

via Business Insider|

#bubble #business #citi

business3 months ago•3 min saved

Citi Boosts Nvidia Stock Amid AI Infrastructure Boom

Citi has increased its price target for Nvidia to $210, citing a surge in AI infrastructure spending expected to exceed $2.8 trillion by 2029, which will likely boost Nvidia's sales of GPUs and related hardware. The company remains optimistic about its product roadmap, including the upcoming Rubin CPX GPU, and maintains a strong buy rating from analysts, with a 12-month forecast of 14% returns.

via TipRanks|

#ai-infrastructure #business #citi

business3 months ago•0 min saved

OpenAI's New Agentic Commerce System Boosts AI Infrastructure and E-Commerce Partnerships

Citi has increased its price target for Nvidia, citing growth in AI infrastructure and the company's deal with OpenAI as key factors driving optimism about Nvidia's future performance.

via CNBC|

#ai-infrastructure #business #citi

business3 months ago•3 min saved

Citi and Fernando Chico Pardo Agree on 25% Banamex Stake Purchase

Citi announced that Fernando Chico Pardo and his family will purchase a 25% stake in Banamex for approximately USD 2.3 billion, marking a key step in Citi's plan to divest from Banamex and focus on its core businesses. Pardo will be appointed Chair of Banamex, signaling a strategic partnership aimed at strengthening the bank's future growth and stability in Mexico.

via Citigroup|

#banamex #business #citi

business4 months ago•2 min saved

Micron Stock Surges on Positive Outlook and Earnings Expectations

Micron Technology's stock (MU) increased after Citi raised its price target ahead of the company's Q4 earnings report, signaling positive investor sentiment.

via TipRanks|

#business #citi #micron

business4 months ago•1 min saved

Micron Stock Soars on Upgraded Targets and Data Center Growth

Micron Technology's stock rose 3.6% after Citi analyst raised the price target to $175, citing strong demand driven by AI and data center markets, with expectations of in-line earnings but optimistic guidance for the next quarter ahead of earnings report.

via Yahoo Finance|

#business #citi #earnings

business4 months ago•2 min saved

Citi's Andy Sieg Faces MD Complaints Over Language and Attitude

Andy Sieg, Citi's head of wealth management, faces multiple complaints from senior colleagues about his conduct, including swearing and sarcasm, prompting an investigation. Despite the allegations and team departures, Citi publicly supports him, citing his leadership and business performance.

via eFinancialCareers|

#andy-sieg #business #citi

business4 months ago•1 min saved

Citi Boosts JPMorgan Banker Hiring Amid Strategic Expansion

The article reports on a significant raid by Citi on JPMorgan's investment banking division, involving double-digit personnel changes or disruptions, highlighting ongoing competition and restructuring within the financial industry.

via Financial Times|

#business #citi #financial-industry

business5 months ago•5 min saved

Citi Launches New Premium Travel Card Amidst Perk Wars and $595 Fee

Citi has become the only major U.S. credit card issuer to offer direct 1:1 point transfers to American Airlines' AAdvantage program, enhancing its rewards options and introducing the new Citi Strata Elite Card with Admirals Club passes, strengthening its partnership with American Airlines.

via The Points Guy|

#american-airlines #business #citi