Citigroup's stock has surged over 40% in the past year, driven by robust loan and deposit growth, including nine consecutive quarters of loan increases and a conservative 52% loan-to-deposit ratio. The bank's net interest margin hit a post-pandemic high of 2.54%, supported by falling borrowing costs and strong deposit growth. Income investors can benefit from a 6.5% yield on Citigroup's preferred shares, offering attractive risk-adjusted returns despite the stock's recent gains. This performance highlights Citigroup's improving earnings momentum and valuation compared to peers.
Carrying credit card debt at an average 22% APR can cost over $1,300 annually in interest. Using a balance transfer card with a 0% introductory APR for up to 21 months, like the Citi® Diamond Preferred® Card, allows payments to go directly to the pri...
Wells Fargo and Citigroup are the only U.S. megabanks with room under the 10% national deposit cap to acquire large regional banks, though neither has made a move yet. Wells Fargo's CEO is open to transformative deals, while Citigroup focuses on orga...
After paying off credit card debt with a balance transfer card, it's advised not to close the card. Closing cards can lower your credit score by reducing your total available credit and increasing your credit utilization ratio, as well as shortening ...
