Tag Archives: Citigroup

Text size Cindy Ord / Getty Images Citigroup reported better-than-expected results for the second quarter, but the news failed to raise the stock. Earnings for Citigroup (ticker: C) totaled $ 1.3 billion, or 50 cents a share, better than the 35 cents stock analysts expected, but 73% below earnings of …

The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …