Citigroup Financial News

20.07 / 08:11

UPS Booking Apple Remark Citigroup exit end End of an impeccable innings, but has Deepak Parekh mistimed his exit?

₹7.24 lakh crore and deposits of ₹1.52 lakh crore – remarkable for a private-sector non-bank lender. That wasn’t all. Parekh was also one of the first to spot the opportunity when the government opened up the banking sector to private players, and spearheaded HDFC’s entry into it with the creation of HDFC Bank.

20.07 / 07:19

COST UPS Citigroup guidance Centre Flight Centre upgrades guidance as corporate earnings outpace leisure

Flight Centre exceeded its profit guidance, thanks to corporate travel earnings at a record level, even though the market for business travellers is still in recovery mode.

20.07 / 06:01

COST UPS Citigroup guidance Storms lift insurer bill to $1b, yet QBE preserves guidance

Insurer QBE has taken an additional battering from US storms and tornadoes, but its natural perils loss was offset by premium growth holding up and investment yields improving.

20.07 / 06:01

COST Target RIG Citigroup performer guidance Santos cuts capex guidance on Barossa delay

Santos lowered its guidance for capital expenditure this year amid a delay in drilling at its Barossa gas project in the Timor Sea, but it is still aiming to resume work at the site by the year-end after resubmitting the environment plan for the controversial venture.

19.07 / 18:25

UPS FIVE CEO Citigroup track Vedanta makes a fresh bid to sell steel biz ESL

MUMBAI : Billionaire Anil Agarwal’s Vedanta Ltd is seeking to sell ESL Steel Ltd, formerly known as Electrosteel Steels Ltd, after acquiring the asset for ₹5,320 crore through a bankruptcy resolution process five years ago, two people familiar with the development said. A previous attempt to sell the asset in late December failed as certain approvals, including environmental clearance and expansion plan, were still pending, turning prospective buyers cautious.

19.07 / 14:57

Provident Target Booking Citigroup Federal Bank launches QIP, sets floor price at Rs 133

Federal Bank has launched a QIP (qualified institutional placement) issue on Wednesday and fixed Rs 132.59 as the floor price, which is at a marginal discount to current share price. «The Bank, the credit, investment and raising capital committee of the Board has approved the opening of the issue today and adopted the preliminary placement document and the application form in connection with the issue,» the company said in a filing. The floor price of Federal Bank is fixed based on the pricing formula prescribed under Sebi regulations.

19.07 / 07:53

UPS Lowe's JPMorgan Citigroup Chase Wall Street sees glimmer of hope for investment banking revival

After more than a year in the dealmaking doldrums, Wall Street giants are finally seeing signs of life in their capital markets businesses.

19.07 / 00:21

UPS Lowe's Target Citigroup valuations HDFC Bank can rise up to 25% with attractive valuations

HDFC Bank's stellar first-quarter earnings — supported by healthy loan growth and margins, and strong asset quality — saw a number of brokerages reiterate their bullish recommendations on the stock that has the potential to deliver 25% returns given the attractive valuations. Shares of India's largest private lender closed at Rs 1,678 Tuesday, little changed over the previous day's closing. «We think the bank's current valuation of 2.9x FY24E BVPS (pure bank) does little justice to its compounding potential and low balance-sheet risk,» said BNP Paribas Securities in a note to clients.

18.07 / 18:03

UPS CEO JPMorgan Citigroup Chase Wall Street Can’t Shake Off Investment-Banking Slump

Morgan Stanley said Wall Street is having a tough time emerging from the doldrums. Morgan Stanley said Tuesday that second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Investment-banking fees were about flat after falling sharply in recent quarters.

18.07 / 18:01

COST UPS JPMorgan Citigroup Chase Earnings wrap: BoA earnings exceed expectations

Bank of America Corp.’s second-quarter profit soared after its core Wall Street businesses exceeded analysts’ expectations.

18.07 / 17:11

COST CEO JPMorgan Citigroup surges Bank of America Q2 net income surges 19%

bank failures. The Federal Reserve has raised its benchmark interest rate to a range of 5% to 5.25% from near zero starting in March 2022. Those higher interest rates have allowed banks to charge more for customers to borrow. BofA’s net interest income grew 14% to $14.2 billion in the second quarter.

18.07 / 11:59

UPS Twitter Manufacturing JPMorgan Citigroup guidance stake Earnings wave, Novartis guidance, ARK's Twitter stake - what's moving markets

Investing.com — Investors look ahead to a busy week of earnings, including quarterly results from some of the largest U.S. banks. Meanwhile, drug-making giant Novartis improves its guidance as it eyes a spin-off of its Sandoz generics division later this year, and Cathie Wood says her ARK investment management firm has written down its stake in Twitter.

18.07 / 11:59

UPS Lowe's JPMorgan Citigroup DAX World stocks near 15-month high; China data dampens mood

By Elizabeth Howcroft

18.07 / 11:31

UPS CEO JPMorgan Citigroup Chase Bank of America tops analysts’ expectations amid higher interest rates

In this article

18.07 / 10:43

COST UPS Target Assurant Citigroup Woodside suffers second cost blowout at Senegal oil site

Woodside Energy has left investors scratching their heads after advising of a cost blowout of up to $890 million and a six-month delay at its large Sangomar oil project off Senegal. It comes only two months since analysts were assured on a site visit that construction was on track.

18.07 / 10:43

Target JPMorgan Citigroup Chase rate hikes end Bond rally continues as traders eye end of rate hikes

Bonds rallied for a second day as traders bet global central banks are nearing the end of an aggressive streak of rate increases.

18.07 / 01:55

Citigroup HSBC PwC UBS Wirecard audit UBS hands EY one of biggest audit deals in global banking

London | UBS executives have chosen EY for one of the world’s most lucrative banking audit contracts after deciding to retain the big four firm following the bank’s takeover of Credit Suisse.

17.07 / 17:53

COST NASDAQ JPMorgan Citigroup Chase Big Banks’ Earnings Have Some Bad News for Smaller Banks

A surge of profits at some of the nation’s largest banks might make people forget that there was a banking crisis earlier this year. But just offstage, reminders are lurking—and they might grab the spotlight as regional banks begin to report this week. JPMorgan Chase and Wells Fargo on Friday reported year-over-year net income growth of 67% and 57%, respectively.

16.07 / 01:41

CEO Citigroup UBS Trading Places: A&O boss resigns, UBS names markets leaders, new Lord Mayor revealed

Allen & Overy managing partner Gareth Price resigned from the firm in a shock move ahead of its multibillion-dollar merger with US firm Shearman & Sterling. The law firm said on 13 July that Price had resigned “for personal reasons” after more than three years leading the firm.

14.07 / 21:11

UPS DOW Citigroup UBS week Stock market today: Dow wraps up best week since March as earnings season begins

Investing.com — The Dow closed higher Friday, wrapping up its best weekly gain since March as Wall Street banks lifted the curtain on the quarterly earnings season, with mostly better-than-expected results.

14.07 / 19:31

UPS NASDAQ DOW JPMorgan Citigroup 500 S&P 500 off highs on Citigroup slip as major Wall Street banks kick off earnings

Investing.com — The S&P 500 gave gains Friday as financials were hurt by a slip in Citigroup as the Wall Street bank failed to replicate the better-than-expected quarterly results delivered by rivals JPMorgan and Wells Fargo .

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