Citigroup is a leading global financial services company that provides a wide range of financial products and services to consumers, corporations, governments, and institutions around the world. It operates through various segments, including global consumer banking, institutional clients, and treasury and securities services. The firm offers services such as investment banking, wealth management, credit cards, loans, and other financial solutions, leveraging its extensive international presence and a deep understanding of diverse markets to facilitate transactions and support clients' financial needs. Through its commitment to innovation and customer service, Citigroup aims to help clients thrive in an increasingly complex financial landscape. Read More
Major U.S. banks are expected to report higher profits this quarter, and the main reason is a surprising comeback in investment banking. After months of slow deal activity due to global tensions and uncertainty, big banks like JPMorgan Chase, Bank of America, and Citigroup are now seeing signs of recovery.
Goldman Sachs (NYSE: GS) reported a solid second quarter with earnings beating estimates and strong performance in trading and investment banking. Analysts expect EPS upgrades and see the stock outperforming peers.
CP2 LNG, Venture Global’s third major LNG project and the export terminal currently under development in Cameron Parish, Louisiana, will supply LNG to Eni.
ETF investors can ride or hedge against banking sector volatility through financial sector funds like XLF and KBE, which hold top banks like JPM and BofA.
The Goldman CEO stated the bank’s strong quarter was a reflection of healthy client activity levels across the lender’s businesses, and that the sentiment in the markets is one of optimism.
Global financial services giant Citigroup (NYSE:C) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 8% year on year to $21.67 billion. Its GAAP profit of $1.96 per share was 22.1% above analysts’ consensus estimates.
Citigroup Inc. CEO Jane Fraser revealed the company's intention to issue a stablecoin Tuesday, July 15, as part of the banking giant's broader dive into digitization.
Shares of data center products and services company Vertiv (NYSE:VRT)
jumped 3% in the afternoon session after Citigroup analysts boosted their price target on the stock. Citigroup raised its price target on the data center infrastructure provider to $149 from $130, while maintaining a "buy" rating on the shares. This move signals growing confidence in Vertiv's role as a key supplier for the power and cooling systems essential for running data centers, particularly those powering artificial intelligence applications. The stock has been a strong performer, benefiting from the explosive growth in AI that requires significant investment in data center infrastructure. The positive sentiment from Citigroup follows other recent bullish calls from Wall Street. The overall consensus rating for Vertiv is a "Buy," with analysts pointing to the company's robust backlog and strong financial performance as reasons for optimism.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Tuesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
The Nasdaq 100 surged to fresh record highs on Tuesday, breaking above the 23,000 mark as Nvidia Corp. (NASDAQ:NVDA) and other chipmakers powered a sharp rally.
