The bank plans to wind down its consumer banking franchises in 13 international markets and "double down" on wealth management.
News & Analysis: Citigroup
C earnings call for the period ending March 31, 2021.
Of the four large U.S. banks, Citigroup is really the only one that could acquire another big depository institution.
When assessing value, investors should look to future potential earnings, not just past results.
The bank has grown its dividend significantly in recent years, but is it truly great?
Analysts are increasing their price target on the stock, and a new CEO formally begins her tenure today.
Burry got famous by predicting the housing market crash that set off the Great Recession, so now, his investing moves are watched closely.
Last year, Citigroup accidentally wired $900 million to lenders of the cosmetics firm Revlon. A judge recently ruled that those lenders do not have to return $500 million of those funds.
The bank trades well below tangible book value, but it's in the process of correcting regulatory issues and refreshing its overall strategy.
After a tumultuous year in 2020, Citigroup sets its sights on a new strategy and fixing the bank's issues with internal controls.