Citi’s Post

Citigroup posted second-quarter 2024 results that topped expectations for profit and revenue. Revenues were up 4% overall as well as up in each of Citi’s five core businesses: Services (Treasury & Trade Solutions, Securities Services), Markets, Banking (Investment, Corporate, Commercial Banking) & International, Wealth and US Personal Banking. Expenses were down 2% year over year. Overall Citi reported 2Q24 net income of $3.2 billion with an earnings per share of $1.52 and an ROTCE of 7.2%.

While Citi CEO & CFO announced this morning Q2 2024 earnings, Citi stock dropped from 67 just 5 days ago ( even 68 today 6am ) to 63.7 ( -4 loss ) from 4B to 9B market value loss depending How be analized. Close to luch time, Call Conference transcription will be available, to check hard questions launched by critic and skeptic analyst to Citi CEO & CFO, e.g. Mike Mayo and others. If US Global Bank does not know How manage itself, breaking repeatedly US Laws and Regulators orders, How could say How Manage Investors or Clients Wealth??? Citi was named by criminals ( as US Law Enforcement Agencies Officials. DEA & DOJ told to Financial Times last week ) as " Favourite Bank for #moneylaundering ) here link news... "Citi was money launderers’ favourite bank, US law enforcement officials say" https://lnkd.in/eJkh-4re "Citigroup fined $136mn for compliance failures in further blow to overhaul" https://lnkd.in/eH93tTY6 Citi was fined once again by the same regulators who fined Citigroup & Citibank in 2020 with 400M and 3 strong consent orders violated systemically and repeatedly as " perfect recidivist " and as " repeated offender " if Citi have breached the 2017 Criminal Settlement for #moneylaundering BSA violations NPA DOJ-MLARS in force until 2022. Data ( include #SARs #BSA #AMLA reports ) internal controls, risk-management as long standing deficiencies covered by 2020 orders " violated by Citi for years " and this week 136M fine by OCC-FEDRESERVE. See in #comments How Citi dropped in 5 days, more than (-4% loss ) market value loss from 4B to 9B and reputational damages suffered by investors and shareholders, while Citi persist on regulatory storm never duly discovered or timely announced previously by Citi high level executives.

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Big gains for Citigroup (C) at 22.16% YTD!  See how #TheBig8 of the financial sector are performing in 2024. Some are leading the pack, while others are playing catch-up. Is your portfolio well-rounded? #FinancialPlanning #StockMarket #CenturyFinancial

Are #LloydsBank and #Barclays worth double their current market value? They just might be according to the latest piece of analysis by Boston Consulting, which has calculated that global banks could boost their combined market value by US$7 trillion over five years. “Lenders could roughly double their current valuations if they pursue growth and improved price-to-book ratios despite obstacles,” said the US-based giant in a new report. It calculates about 75% of #bankstocks had price-to-book ratios below one in 2022 (ie below the value of their stated assets) while price-to-earnings multiples are almost half of 2008 levels. The snag is that (other than hiring a consultant) making things better will not be an easy task. "The largest driver of pessimism about the banking sector has been the significant drop in profitability," BCG said. More at #Proactive #ProactiveInvestors #LSE #LLOY http://ow.ly/N1ka1058Rbp

The Citi Economic Surprise Index has logged 11 months of positive surprises. Should we expect a #recession or a slowdown or any type of #economic landing? What might this mean for #interestrates from the #Fed and the markets? [Source: Bloomberg Finance L.P. 2024.01.03]. #LRGWealthAdvisors #financialadvisor #investmentadvice

The Citi Economic Surprise Index has logged 11 months of positive surprises. Should we expect a #recession or a slowdown or any type of #economic landing? What might this mean for #interestrates from the #Fed and the markets? [Source: Bloomberg Finance L.P. 2024.01.03]. #LRGWealthAdvisors #financialadvisor #investmentadvice

Bank of America has upgraded its forecast for the US equity market this year, joining a growing number of Wall Street analysts expecting more juice from the rally. Savita Subramanian, an equity strategist for the lender, set a 5,400 year-end target for the S&P 500 — implying around a 5% gain from Friday’s closing level. She joins bullish peers Ed Yardeni of Yardeni Research and Jonathan Golub of UBS Group, who hold the same year-end outlook. “Bull markets end with euphoria — we’re not there yet,” Subramanian said. #globaleconomy #globalmarkets #stockmarket #globalbusiness #shivamdwivedi #vyaparikh #stockmarketnews #stockmarketinvesting