citigroup
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Key Points After passing the FED’s annual ‘stress test,’ commercial and diversified banks have recently raised dividends. Citigroup did not need to raise the dividend payout as much as peers for reasons that will become clear once investors review today’s earnings results.These technical levels will be a heavily sought price range; once future catalysts close down valuation gaps, a discount to the sector shows investors that the time to buy could be approaching.The underlying business cycle is affecting some of the profit centers within the bank. However, these same trends are boosting profita...
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Key PointsHistorical comparisons between investment and commercial banks shed light on the cyclicality of the underlying stock performance. Citigroup is a hybrid of the two and is poised to benefit from the current interest rate environment.The first quarter of 2023 results bring on a tune of expansion, as revenue and earnings per share advanced year-on-year with the consumer segment and trading business driving results, offset by revenue declines in banking services and increased net credit losses.Citi reassures investors of their credit card loan composition’s underlying quality, high liquid...
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Following are excerpts from the unofficial transcript of a CNBC exclusive interview with Citigroup Inc (NYSE:C) CEO Jane Fraser on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Thursday, March 3. Q4 2021 hedge fund letters, conferences and more Jane Fraser On Investors And Citi StrategyDAVID FABER: Well, yesterday as well you had an important day, which was your investor day. You've been in the job for one year. Somewhat muted response from at least the analyst’s community to what you presented yesterday. A long road for improved returns, patience required. Are you happy with sort of...
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New research has revealed the banks and brokers that have been hit with the biggest financial penalties and the most commonly fined offences – with one bank racking up $82bn in fines. Q2 2021 hedge fund letters, conferences and more The study by BrokerChooser analysed fines imposed upon companies in the financial services sector from 2000 to the present day to reveal the most heavily fined banks and financial offences. Top Three Biggest Banking FinesComing in first,The Bank of America actually accounts for half of the top ten biggest fines of all time, but by far the biggest was the one that t...
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During his recent interview with Tobias, Andrew Wellington, Co-Founder and Managing Partner at Lyrical Asset Management discussed Analyzability – Triaging Your Best Ideas. Here’s an excerpt from the interview: Q3 2020 hedge fund letters, conferences and more Analyzability - Triaging Your Best IdeasAndrew: It’s iterative process. I like to do triage. There’s some things that look good on the screen. After a little bit of work, you can quickly dismiss them because you see something like asbestos lawsuit, the research notes. Number one on our screen for a while was Pacific Gas and Electric. Obvio...
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America’s banks have been handed a few lifelines this year, but their luck might be finally running out in a way that could have activists waiting at their doors. This week’s big news was a CNBC report that ValueAct Capital Partners may have set in motion the process by which Citigroup CEO Mike Corbat announced his retirement.Q2 2020 hedge fund letters, conferences and moreValueAct May Have Played A Role In Mike Corbat's RetirementCNBC quoted a source close to ValueAct on the bank’s financial performance: "It’s unacceptable to fall short on your own numbers, which are cushioned numbers to begi...
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