Citigroup initiated a major transformation plan in 2024 in an effort to unlock value and drive higher returns. Management backed that initiative up by announcing a new $20 billion stock buyback program.

Citigroup Inc. said it will repurchase $20 billion worth of its stock in the coming years — unleashing billions of excess capital the bank had been keeping on hand in order to meet a key ask from shareholders.

Citigroup stock is soaring Wednesday after the big bank topped earnings expectations and unveiled a massive stock buyback program. Here's why that's important.

Citigroup swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees. Trading desks at the banks benefited from a banner year in U.

The megabank reported achievements in several areas, but lowered its 2026 expectations for a profitability metric that investors have been closely watching.

Citigroup (NYSE: C) Q4 2024 Earnings Call Jan 15, 2025, 11:00 a.m. ET Trump wants to 'save' TikTok. One rescuer could be Elon Musk. Different wings of Trump-world are floating tariff ideas. They all have downsides for markets — and Trump.

Citigroup's Q4 earnings will be closely watched, particularly its total expenses and credit quality, as it aims to streamline operations. Read my earnings preview.