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Major US Banks Top Q1 Earnings Estimates As High Interest Rates Offer Tailwinds: 'Indicators Continue To Be Favorable,' Jamie Dimon Says
Friday, April 12, 2024 - 9:17am | 896Five prominent U.S. financial institutions unveiled their first-quarter financial performance on Friday, surpassing consensus forecasts for both earnings and revenue, highlighting the favorable climate for banks amid heightened interest rates and a robust economy. Here’s a summary of the...
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8 Wall Street Bank CEOs Reluctant To Take A Stand On Cannabis Reform After Sen. Questions Them During Hearing
Friday, December 8, 2023 - 1:18pm | 1004In a three-hour Senate Banking Committee hearing on Wednesday, US. Sen. Raphael Warnock (D-GA) asked eight CEOs of the biggest banks in the country to raise their hands if they support the SAFER Banking Act. Only Brian Moynihan, CEO and chairman of Bank of America (...
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Elon Musk, Satya Nadella Among Tech Leaders To Interact With Chinese President At APEC Summit Dinner
Wednesday, November 15, 2023 - 5:05am | 625Tech heavyweights from the U.S. are poised to meet Chinese President Xi Jinping at the U.S.-hosted Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. What Happened: This is the first APEC meeting hosted by the U.S. in over a decade. Business executives are eager to...
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Elon Musk, Satya Nadella Orbit Joe Biden's Summit With Xi Jinping As US Aims To Thaw Relations With China
Tuesday, November 14, 2023 - 6:37pm | 936A San Francisco summit is becoming a stage for cooperation talks with China, as both the public and private sectors in the U.S. look to thaw relations with the Asian economic giant. The jewel of the Asia-Pacific Economic Cooperation summit will be a face-to-face encounter between U.S. President Joe...
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Citi Chief Jane Fraser Confident About US Banking System: 'This Is Not A Credit Crisis'
Wednesday, March 22, 2023 - 10:47pm | 466Citigroup Inc (NYSE:C) CEO Jane Fraser expressed confidence in the U.S. banking system despite a series of bank failures that shook investors and sparked turmoil across global financial markets. The banking sector is “pretty sound,” despite high-profile bank closures, Fraser told the...
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What Are Citigroup Executives Doing To Save Capital Amid A Possible US Recession?
Friday, July 15, 2022 - 2:55pm | 576Citigroup Inc. (NYSE: C) announced on July 15 strong second-quarter earnings, sending the stock up around 11%. Along with reporting strong earnings, CEO Jane Fraser and CFO Mark Mason announced tactics that will be used to protect the bank from a possible recession....
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If You Invested $1,000 In Citigroup Stock One Year Ago, Here's How Much You'd Have Now
Friday, January 14, 2022 - 9:30am | 635Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 23.9%. But there is no question some big-name stocks performed better than others along the way. Citigroup’s...
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Jane Fraser To Succeed Michael Corbat In Historic CEO Change At Citigroup
Thursday, September 10, 2020 - 10:42am | 377Citigroup Inc (NYSE: C) shares traded higher on Thursday after the company announced the historic appointment of its first female CEO. What Happened: Citigroup announced President and CEO of Global Consumer Banking Jane Fraser will replace Michael Corbat as CEO in February of 2021. Why It...