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Citigroup Inc

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  • US stocks inch lower in midday trading; Netflix soars Thursday, 16 Apr 2015 | 12:01 PM ET

    In the U.S., Netflix soared 15 percent after announcing a surge in subscribers. Citigroup rose 2 percent after reporting stronger earnings as its legal costs fell. The price of U.S. crude oil fell 69 cents to $55.70 a barrel in New York.

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • China stocks up on stimulus hope, other markets subdued Thursday, 16 Apr 2015 | 9:40 AM ET

    Major markets in Europe fell amid renewed concerns that Greece could default on its debts. HUGE QUEUE: Netflix added 4.9 million subscribers in the first three months of the year, better than any other quarter since the company started streaming video eight years ago. All told, Netflix finished March with 62 million subscribers around the world.

  • Citi's earnings beat is 'the big turnaround story' Thursday, 16 Apr 2015 | 9:39 AM ET
    A man walks by the Citigroup Center in San Francisco.

    Citigroup's earnings beat is "the big turnaround story for the large-cap banks," analyst Gerard Cassidy tells CNBC.

  • April 16- Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business are beginning to pay off. Citi has been slowly getting its house in order by cutting costs and simplifying its structure. Citi's operating expenses fell 10 percent to $10.88 billion in the first...

  • *1st- qtr earnings $5.94/ share vs est. April 16- Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets gyrated during the first three months of the year. Trading in fixed-income products and currencies got a boost after the Swiss central bank scrapped a cap on...

  • Cit's Q1 earnings beats expectation   Thursday, 16 Apr 2015 | 8:45 AM ET
    Cit's Q1 earnings beats expectation

    The turnaround in big banks is going on as expected, says Gerard Cassidy, RBC Capital Markets, breaking down Citigroup's quarterly results.

  • Citigroup slims down, boosts profits Thursday, 16 Apr 2015 | 8:28 AM ET

    NEW YORK— Citigroup said Thursday that its first-quarter net income rose 21 percent as the company continued to slim down its operations and control expenses. Citi's expenses were $10.9 billion in the quarter, down from $12.2 billion a year earlier. Citi's results beat Wall Street estimates, with analysts polled by FactSet forecasting earnings per share of...

  • April 16- Citigroup Inc, the third biggest U.S. bank by assets, reported a 16 percent jump in quarterly profit as legal and restructuring costs plunged. Citi has been cutting costs and simplifying its structure by selling retail operations in a number of countries, shrinking its U.S. branch network and selling non-core businesses. Like other Wall Street banks,...

  • April 16- Citigroup Inc, the third biggest U.S. bank by assets, reported a 16 percent jump in quarterly profit on Thursday as legal and restructuring costs plunged. Citi has been cutting costs and simplifying its structure by selling retail operations in a number of countries, shrinking its U.S. branch network and selling non-core businesses.

  • Fueled by rising oil, stocks could take back highs Thursday, 16 Apr 2015 | 6:11 AM ET
    An oil worker in Mentone, Texas.

    The stock market is in striking distance of its all-time high and could get there in the next few sessions, despite fears about earnings.

  • *Euro on retreat over Greece, fall in German yields. It faces new headwinds from signs that China, the main market for much of its output, is also slowing significantly. "Despite a slowing China and depressed iron ore prices the Aussie remains reluctant to head lower for now," said Angus Campbell, Senior Analyst at online brokerage Fx Pro in London.

  • UPDATE 1-Sodexo keeps goals after H1 profit rises Thursday, 16 Apr 2015 | 3:04 AM ET

    PARIS, April 16- French catering, facilities management and vouchers group Sodexo kept its full-year goals on Thursday after operating profit rose 8.6 percent in the first half, helped by cost cuts and new contracts in North America and emerging economies. Sodexo, which manages canteens and facilities for office workers, armed forces, schools, hospitals and...

  • WASHINGTON, April 15- Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, one of several measures as it seeks to relieve the pressure of low oil prices on its finances. At a meeting with reporters in Washington, Zebari said Iraq was negotiating with Citigroup Inc's...

  • Cramer Remix: A stock star has been born Wednesday, 15 Apr 2015 | 7:04 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer is starstruck by this stock’s long-term potential.

  • Final Glance: Banks companies Wednesday, 15 Apr 2015 | 5:57 PM ET

    Bank of America Corp. fell$. 18 or 1.1 percent, to $15.64. Citigroup Inc. rose$. 48 or. 9 percent, to $53.21. Goldman Sachs rose $3.38 or 1.7 percent, to $201.10.

  • Fueled by rising oil, stocks could take back highs Wednesday, 15 Apr 2015 | 5:39 PM ET
    An oil worker in Mentone, Texas.

    The stock market is in striking distance of its all-time high and could get there in the next few sessions, despite fears about earnings.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher as oil hit highs for the year and investors continued to digest financial earnings and economic reports.

  • Midday Glance: Banks companies Wednesday, 15 Apr 2015 | 2:34 PM ET

    Bank of America Corp. fell$. 18 or 1.1 percent, to $15.65. Citigroup Inc. rose$. 43 or. 8 percent, to $53.16. Goldman Sachs rose $1.93 or 1.0 percent, to $199.65.

  • 5 biggest banks now own almost half the industry Wednesday, 15 Apr 2015 | 2:33 PM ET
    Bank of America

    Too big to fail banks, instead of getting smaller, are pretty much taking over the financial universe.