Citigroup

📈💼 Interesting things in the banking sector!💡

Washington is caving in to pressure from big banks and rethinking capital buffer rules. Federal Reserve chairman Jerome Powell and Chairman FDIC's Martin Gruenberg expect major changes that could affect the banking sector and investors.

The new proposal would lead to 16% increase in capital levels and 20%
The proposal is under...
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Have a nice evening, investors.💸🏦

I would like to ask if you know what caused the rise in the banking sector today?

Shares of Citigroup $C and Bank of America $BAC are up over 3% today.

Just now I was counting last week's results and I was quite surprised to see that Citigroup $C posted a loss of $1.8 billion for the fourth quarter after that, it may have been due to large charges related to foreign risks along with the last regional banking crisis, but it still seems like a lot to me.

Investors, what do you think of $C stock and its price?

I have $BAC stock in my portfolio and may include $C stock in my portfolio sometime in the future. For me, the price is still nice to buy, but I wouldn't buy until below $50.

Investors, what do you think of the $C stock price?

The current price is not bad at all and I'm thinking of buying a few shares.

How satisfied are you with the results of $C Citigroup?

Citigroup reported third quarter 2023 results. Net income was $3.5 billion, up 2% year-over-year. Revenue was up 9% to $20.1 billion. Both profit and revenue growth were driven primarily by higher revenues from transaction services, trading and investment banking in the Institutional Clients Group division. Growth in...
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We have seen US bank stocks fall quite a bit this year. For example, $BAC stock is down more than 13% this year and $C stock is down more than 9%. However, over the past month, bank stocks have been falling very quickly and noticeably ( see image below ). Otherwise, I have been regularly buying $BAC stock lately as it is currently at a great price and I am still thinking about...
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What is your favourite stock from the banking sector? As far as I can see, the best known stocks like $BAC or $C are trading well below their highs. Compared to $JPM, which is holding up relatively well. Which player in this sector is your favorite?

Giant US banks have passed the Fed's stress test.

The five largest U.S. banks said Friday they will return more cash to shareholders after passing the Fed's stress tests early last week, a show of strength that reinforces the gap between the industry giants and smaller regional rivals.