These two bank stocks are very different. One offers compelling value, while the other is a growth superstar. Warren Buffett is a big fan of bank stocks. His holding company, Berkshire Hathaway, has several major investments that are directly exposed to the financial sector. Two of Buffett's positions are particularly attractive right now. One bank is a deep value play, while the other offers compelling long-term growth potential. This bank stock is trading at a deep discount Bank stocks can see their valua ...

Citi has reportedly announced in an internal memo the departure of two executives, including one who implemented the bank’s recently completed restructuring. Titi Cole, who was the head of legacy franchises and executed Citi’s plan to sell consumer banking businesses in nine non-core markets, has left to take a role at nonprofit, Reuters reported Tuesday (May 14), citing an internal memo it had seen. In addition, Mike Whitaker, head of the bank’s operations and technology team, is leaving the bank, accordin ...

Citigroup Inc. (C) introduced the Citi Strata Premier Card, an upgraded version of the current Citi Premier Card. The latest version of the card offers additional travel rewards and enhanced travel protections. The cardholders will be entitled to earn 10 ThankYou points for every $1 spent on hotels, car rentals and attractions booked through the Citi Travel site. Similarly, customers can earn three ThankYou Points for every $1 spent at EV charging stations. With this, the upgraded version now offers opportu ...

Some of the companies are competitors, but Warren Buffett still owns and loves them all. Through his holding company, Berkshire Hathaway, Warren Buffett has generated multi-decade average annual returns of roughly 20%. It pays to pay attention to what he is buying. There are four Buffett stocks in particular that investors should dive deeper into right now. These 2 Buffett stocks are growth superstars Few stocks have outperformed Visa (V 0.79%) or Mastercard (MA 0.33%) since they went public. Over the past ...

These bank stocks offer an intriguing entry point for value-focused investors. Last year, bank stocks were dragged down by some of the largest bank failures since the Great Recession. However, bank stocks have performed better over the past six months as the Federal Reserve pumped the brakes on its interest rate hiking campaign. Despite the run-up, there are still appealing long-term investment opportunities in bank stocks that have ridden out challenges in the past few years. Here are three banks that can ...

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest U.S. credit-card issuers, said she is seeing a "K-shaped consumer." That means the affluent continue to spend, while lower-income Americans have become more cautious with their consumption. "A lot of the growth in spending has been in the last few quarters with the affluent customer," Fraser told CNBC's Sara Eisen in an inter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of inc ...

VV Shots In my previous articles (such as this article), I recognized quite early on that Citigroup's (NYSE:C) (NEOE:CITI:CA) strategic restructure is the genuine focus. It was clear that Jane Fraser's plan wasn't just a cosmetic or "a lipstick on a pig" exercise, unlike the 12 or so prior attempted restructures. The key signs for me were: 1. Abandoning the global ambition of the Global Consumer Bank (the prior strategy didn't make any sense whatsoever to me); 2. Committed investment in high ROE and capital ...

The financial sector is often seen as a bellwether for the overall economy, and right now, it’s sending out healthy signals. As expectations for a soft landing of the U.S. economy increase, financial stocks are on investors’ radars. Additionally, improving consumer sentiment levels and a resilient housing market are also contributing to a favorable environment for financial stocks. In this article, we’ll take a closer look at three financial stocks that could continue to do well in the coming months, includ ...

VV Shots Citigroup (NYSE:C) has been the clear laggard of the big U.S. banks since the Financial Crisis. It was a poorly constructed collection of businesses, run inefficiently for decades. With that said, there have been opportunities to make a lot of money in the stock by buying at sizeable discounts to tangible book value, while prices close to tangible book value have made for good selling prices. There is hope that Citigroup's management team is on the right track and finally should start hitting the i ...