|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||76.20 - 77.11|
|52-week range||56.55 - 80.70|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.28 (1.68%)|
|1y target est||N/A|
Citigroup, one of the largest U.S. credit-card issuers, said Friday that it failed to lower interest rates for some credit-card customers as required by federal law.
Citigroup Inc., one of the world’s largest credit-card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower.
Citigroup Inc said on Friday that it had failed to properly reduce interest charges on some 1.75 million credit card accounts since 2011, prompting a $335 million refund to customers later this year. The refund, which will average $190 per account, stems from the bank's discovery that it had not used a proper method for reducing interest charges for cardholders who resumed timely payments after having had to pay penalty rates for lapses. The errors amounted to about 10 percent of the interest reductions cardholders were due, the bank said.
Peter Tague, Citigroup Inc.’s co-head of mergers and one of the most senior deal makers on Wall Street, is leaving the firm, according to people familiar with the matter.
Goldman Sachs’s (GS) performance expectations in 2018 are reflected in analysts’ ratings. Analysts have given GS a mean price target of $268.29, implying a 2% rise from its current level of $262.58. As of February 2018, 11 of the 27 analysts covering Goldman Sachs (GS) have recommended a “buy” or “strong buy” for the stock.
With interest rates rising, net interest margins for commercial banks (IYF) are increasing, which leads to an increase in ROE (return on equity). Due to expectations of more interest rate hikes by the Fed, the overall markets are expected to have a weaker performance. Goldman Sachs rewards its shareholders with share buybacks.
Citigroup's (C) chief executive officer (CEO), Michael Corbat, received about 48% pay hike in his total compensation package to $23 million in 2017.
Wall Street CEOs are getting paid the big bucks again. Goldman Sachs Group Inc. and Citigroup Inc. said they gave their CEOs raises for 2017, meaning all five large U.S. banks with significant trading ...
Investors' optimism on the encouraging economic growth and Trump's infrastructure plan drive banking stocks higher.
Alberta Investment Management Corp. invests on behalf of 26 provincial pension, endowment and government funds, but that might not be obvious to an observer based on the pension manager’s fourth-quarter trades. Aimco, as the entity is known, made some drastic changes in the overall portfolio, trades that we’d expect to see in an aggressively managed fund on the hunt for growth, not in what we’d assume should be an approach as focused on protection as incremental upside. Perhaps the funds Aimco manages are incentivized to find big, immediate returns.
After Berkshire Hathaway (BRK) disclosed its investment of $358 million in Teva Pharmaceuticals (TEVA) on February 14, 2018, in a regulatory filing at the end of 4Q17, Wall Street analysts have had a lot to say about the investment. Teva Pharmaceuticals stock rose ~10.5% during the morning of February 15, 2018, before closing at a rise of ~7.7% on the day. The PowerShares International Dividend Achievers Portfolio (PID) rose ~1.3% on February 15, 2018.