Reported about 1 month ago
Citigroup had a challenging week as its stock fell despite earnings beats, primarily due to confusion during a conference call regarding potential new regulatory asset caps. CEO Jane Fraser's initial lack of clarity on the issue raised investor concerns about the bank's compliance and transformation efforts. While analysts remain cautiously optimistic about Citigroup's profitability goals, the scrutiny from regulators and recent challenges have left investors wary.
Source: YAHOO