Reported about 3 hours ago
Citigroup exceeded profit expectations in Q4 2024 due to strong trading and investment activity but lowered its return on tangible common equity guidance for 2026, citing the need to spend more on regulatory compliance. The bank announced a $20 billion stock buyback program while addressing its historical compliance issues. Overall, Citi's profits rose significantly, and it outperformed competitors, marking a positive outlook for corporate dealmaking despite ongoing regulatory challenges.
Source: YAHOO