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The Latest Breaking News from Citigroup

Markets Hold Their Breath for Friday's Jobs Number, the First Real Test of a Fed That Refuses to Guide

The Fed's silence under new Chair Kevin Warsh impacts the July jobs report and the bond market. Experts predict 83,000 new jobs and a steady 4.2% unemployment rate, sparking market reactions.

International Business Times UK

Eli Lilly Could Swing $65.9 Billion After Earnings

Eli Lilly Could Swing $65.9 Billion After Earnings

Earnings are set to hit the tape in a tight window on Wednesday and the options market is already sketching out how much volatility traders are willing to pay for into the prints, according to Benzinga Pro.

Quote of the day by Jamie Dimon: “And if you’re going to be a leader, you know what I ask myself? Would I want to work for...” — Inspiring life lessons on leadership, trust, accountability, character, decision-making, and why the best leaders earn confidence before they demand it by the legendary American banker and CEO of JPMorgan Chase

Quote of the day by Jamie Dimon: “And if you’re going to be a leader, you know what I ask myself? Would I want to work for...” — Inspiring life lessons on leadership, trust, accountability, character, decision-making, and why the best leaders earn confidence before they demand it by the legendary American banker and CEO of JPMorgan Chase

Today's Quote of the Day by Jamie Dimon: Jamie Dimon's quote about leadership deconstructs managerial capability into four distinct human dimensions. Rather than evaluating a leader solely by quarterly performance metrics, revenue growth, or academic credentials, Dimon forces executives to evaluate candidates through personal, parental, structural, and financial lenses.

The Economic Times

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Ex-Citigroup Boss Sentenced to 30 Years After Autism Defence Is Rejected

Former Citigroup managing director Edward Gene Smith has been sentenced to 30 years in a US federal prison after prosecutors demolished his claim that autism drove his decade-long pattern of sexual abuse.

International Business Times UK

Citigroup Stock Outlook: Is Wall Street Bullish or Bearish?

Citigroup's recent performance has been difficult to ignore, though the more intriguing question is where analysts stand now.

Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters

Seagate Technology beat earnings and revenue estimates and issued guidance well above Wall Street forecasts, driving shares higher after a recent AI-driven sell-off.

3 Unique AI Software Plays With Strong Analyst Support

Klaviyo, Similarweb, and Braze have drawn analyst price target boosts or upgrades amid the AI stock correction, with each posting revenue growth and notable upside potential.

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Ex-Citigroup Exec Jailed for 30 Years for Drugging Women, Filming Assaults, and Possessing Child Abuse Images

Ex-Citigroup Exec Jailed for 30 Years for Drugging Women, Filming Assaults, and Possessing Child Abuse Images

Former Citigroup exec and Harvard grad Edward Gene Smith sentenced to 30 years in federal prison for drugging and assaulting women, possessing child abuse material, and obstructing justice in New York.

International Business Times UK

This High-Yield Bank Stock Just Raised Its Dividend by 11.7%.

This High-Yield Bank Stock Just Raised Its Dividend by 11.7%.

Citigroup announced an 11.7% increase in its quarterly dividend to $0.67 per share from $0.60 following its strongest quarterly revenue in about a decade.

Microsoft Could Swing $189 Billion in Value After Earnings

Microsoft Could Swing $189 Billion in Value After Earnings

Earnings are set to hit the tape on Wednesday, after the closing bell, and options traders are already laying down markers on how violent the post-print reaction could be, according to Benzinga Pro.

Earnings tonic boosts FTSE 100 as oil falls back

Earnings tonic boosts FTSE 100 as oil falls back

Well-received earnings from Unilever, Croda and GSK spurred gains on the blue-chip FTSE 100.

Evening Standard

Coca-Cola's Earnings Could Put $10.7 Billion In Market Value On The Line

Coca-Cola's Earnings Could Put $10.7 Billion In Market Value On The Line

Earnings are back in focus on Tuesday, with a Benzinga-selected slate that spans beverages, aerospace, financial data and hardware. With guidance and margins often driving the biggest post-print repricings, the options market offers a clean read on how much volatility traders are bracing for, according to Benzinga Pro.

Oil Is Trapped At Hormuz: These 3 Refiner Stocks Are Cashing In

Oil Is Trapped At Hormuz: These 3 Refiner Stocks Are Cashing In

American refiners are minting money. The margin they earn turning crude into fuel has just surged to a record high as hostilities in the Strait of Hormuz flare up once again. The stocks tied to that trade are now leading the S&P 500 in July.

Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts

Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts

Citigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks and stretched valuations. While remaining positive on the long-term AI theme, the brokerage retained an overweight rating on Taiwan and upgraded China, signalling a shift in emerging market positioning.

The Economic Times

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The Economic Times

US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costs

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank's results align with other…

SK Hynix Set Records with its U.S. Debut. How to Play SKHY Stock Now.

SK Hynix just crashed Wall Street's biggest stage, and now investors want to know what comes next.

Citigroup CFO Says Bank Is Still Playing Catch-up in Equities

Citigroup, Inc. (NYSE:C) stock rose on Tuesday after the bank reported stronger-than-expected second-quarter results, driven by broad-based growth across its businesses.

International Business Times

Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth

JPMorgan, Goldman Sachs and other big banks are poised for strong Q2 earnings, fueled by the SpaceX IPO, Iran war-driven market volatility and a recovery in commercial lending.

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TSMC Could Swing $150 Billion as Options Market Prices Big Moves for This Week’s Earnings

Earnings season kicks into high gear next week, with a slate of heavyweight companies set to report quarterly results between July 12 and July 18. As investors look for fresh insight into corporate earnings, guidance and the broader economic backdrop, options traders are already betting on how sharply these stocks…

Option Volatility And Earnings Report For July 13 - 17

Earnings season kicks into gear this week with banks and tech stocks taking center stage. This week we have Bank of America, Taiwan Semiconductor, JP Morgan, Wells Fargo, Citigroup, Morgan Stanley, Goldman Sachs and Netflix all reporting in what shapes as a busy and pivotal week for stocks.

Stocks Set to Open Lower as SK Hynix Sparks Chip Selloff, U.S. Inflation Data and Big Bank Earnings Awaited

September S&P 500 E-Mini futures (ESU26) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.94% this morning, pointing to a lower open on Wall Street as chipmakers came under renewed selling pressure following a selloff in their South Korean peers.

Huge Earnings, Inflation Data and Other Key Things to Watch this Week

Markets face one of the year's most important weeks as Federal Reserve Chair Kevin Warsh delivers his inaugural semi-annual monetary policy testimony before Congress on July 14 and 15.

'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America

They're not leaving the U.S. entirely, Citigroup's Darlene Patterson told Fortune. "They're just looking for more lifestyle enhancement, optionality."

The Economic Times

SK Hynix advisors win big fee windfall after modest SpaceX payday

The ‌fees equate ⁠to ⁠about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those who worked on SpaceX's initial public offering.

Stocks Settle Higher as Chipmakers Rally and Crude Prices Fall

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.81%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.62%. September E-mini S&P futures (ESU26 ) rose +0.82%, and September E-mini Nasdaq futures...

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