United States

Citigroup Inc (C)

C on New York Consolidated

5 Dec 2016
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$1.26 (+2.25%)
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Latest Key Developments (Source: Significant Developments)

Citigroup reports quarterly GCB revenues of $8.2 bln
Friday, 14 Oct 2016 07:59am EDT 

Citigroup Inc : Citigroup reports third quarter 2016 earnings per share of $1.24 . Q3 earnings per share $1.24 . Q3 earnings per share view $1.16 -- Thomson Reuters I/B/E/S . Q3 2015 included CVA/DVA of $196 million ($127 million after-tax) . Quarterly GCB revenues of $8.2 billion increased 1% . Quarterly ICG revenues of $8.6 billion increased 2% . Citigroup inc - allowance for loan losses was $12.4 billion at quarter end, compared to $13.6 billion, at end of prior year period . Citigroup's Corbat says "I am very encouraged by underlying momentum across our franchise, notably in several areas where we have been investing" . Citigroup's Corbat says "We remain intensely focused on shareholder returns" .Citigroup's Corbat says "We remain committed to consistently increasing amount of capital we return to our shareholders in order to improve overall returns".  Full Article

Citigroup reports Q3 earnings per share $1.24
Friday, 14 Oct 2016 07:59am EDT 

Citigroup Inc : Q3 earnings per share $1.24 . Q3 Citigroup revenues $17.76 billion versus $18.50 billion . Q3 earnings per share view $1.16, revenue view $17.36 billion -- Thomson Reuters I/B/E/S . Quarter-end supplementary leverage ratio of 7.4 percent versus 7.5 percent at Q2-end . Quarter-end common equity Tier 1 capital ratio of 12.6 percent versus 12.5 percent at Q2-end . Q3 tangible book value per share of $64.71 versus $63.53 in q2 . Q3 Citigroup operating expenses of $10.40 billion versus $10.67 billion . Q3 Citigroup net credit losses $1.53 billion versus $1.66 billion . Citi Holdings average assets of $64 billion at Q3-end, down 47 percent from prior year period . Q3 Citi Holdings revenues of $877 million versus $1.71 billion .Q3 Citicorp revenue of $16.88 billion versus $16.79 billion.  Full Article

Citi to invest more than $1 bln in Banco Nacional De México; Banamex renamed Citibanamex
Tuesday, 4 Oct 2016 11:10am EDT 

Citigroup Inc : Investments in its Mexican business will be completed by 2020 . Citi to invest more than $1 billion in Banco Nacional De México; Banamex renamed Citibanamex .Initiative is in addition to more than US$1.5 billion Citi committed to invest in Mexico in September 2014.  Full Article

Citigroup to issue $2 bln of its debt securities
Friday, 26 Aug 2016 04:08pm EDT 

Citigroup Inc : Offering of $2 billion aggregate principal amount of its debt securities - SEC filing .Notes mature on September 1, 2023.  Full Article

Citigroup, AT&T end trademark litigation
Monday, 22 Aug 2016 03:12pm EDT 

Citigroup Inc : AT&T Inc dismiss trademark litigation against each other--court filing . Had sued AT&T over the "AT&T thanks" customer loyalty program . At&t had sought court order that "AT&T thanks" did not infringe citigroup's "thankyou" trademark . Citigroup and AT&T agree not to bring their claims against each other again -- filing.  Full Article

Head of Citi fintech Heather Cox to depart- WSJ, citing sources
Friday, 12 Aug 2016 12:08pm EDT 

: Head of Citi fintech Heather Cox to depart- WSJ, citing sources Source (http://on.wsj.com/2b3QOap) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

U.S. judge denies Citigroup preliminary injunction to stop AT&T from using 'thanks' in loyalty program
Thursday, 11 Aug 2016 04:01pm EDT 

: U.S. judge denies Citigroup preliminary injunction to stop AT&T from using 'thanks' in loyalty program-ruling . U.S. district judge katherine forrest: Citigroup has not shown it faces irreparable harm if AT&T uses phrase during litigation . Forrest also says AT&T has offered evidence that halting the use of 'at&t thanks' would be expensive and disruptive.  Full Article

Citigroup announces approximately eur1.1 billion redemption of 4.75% fixed/floating rate
Thursday, 28 Jul 2016 04:00pm EDT 

Citigroup Inc : Citigroup announces approximately EUR1.1 billion redemption of 4.75% fixed / floating rate callable subordinated notes due May 2017 . Says redemption date for notes is August 31, 2016 .Citigroup's Basel III Tier 2 capital will not be affected by planned redemption.  Full Article

Citigroup to be delisted from TSE on Aug. 29
Thursday, 28 Jul 2016 02:50am EDT 

Citigroup Inc :Says its stock will be delisted from Tokyo Stock Exchange (TSE) with effective on Aug. 29.  Full Article

Citigroup sets quarterly dividend of $0.16 per share
Wednesday, 20 Jul 2016 04:30pm EDT 

Citigroup Inc : Sets quarterly dividend of $0.16per share . Citigroup declares common stock dividend .Sets quarterly dividend of $0.16 per share.  Full Article


Wells Fargo offers to meet with Standing Rock Sioux before year-end

Wells Fargo & Co said it would "be pleased" to meet with tribal elders from the Standing Rock Sioux tribe before year-end to discuss the U.S. bank's investment in the Dakota Access Pipeline, the company told the tribe in a letter dated Thursday.