Citigroup is actively reducing its net share count by nearly 9% year-over-year through aggressive share buybacks. The bank has introduced Series R preferred shares that yield 6.3% and include call protection until February 2031, making them attractive in the current interest rate environment. In Q1, Citigroup reported strong net income of $5.79 billion, with preferred dividends consuming less than 5.3% of this income, indicating solid coverage. The Series R preferred shares offer a compelling risk-reward profile, especially if interest rates decline by 2031, and common shares may also become appealing at lower prices.
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, prefers to be called "chairman," reversing the 12-year trend of using the gender-neutral term "chair" adopted by his predecessors Janet Yellen and Jerome Powell. The Federal Reserve...
Citi analyst Atif Malik upgraded Advanced Micro Devices (AMD) stock from Neutral to Buy and raised the 12-month price target from $460 to $575 after a strong rally. The upgrade reflects AMD's growing role as a key GPU supplier for the AI boom and pot...
Citigroup shares initially rose nearly 1.8% after former President Donald Trump praised the bank and CEO Jane Fraser for topping M&A advisory rankings in Q1 on social media. Despite the boost, Citi's stock closed down 1%, though it still outperformed...
Motley Fool Money reviewed over 100 credit cards to find the best balance transfer options for June 2026. The Citi® Diamond Preferred® Card stands out with a 0% intro APR for 21 months on balance transfers and a low 3% transfer fee for the first 4 mo...
Citigroup raised its S&P 500 year-end target to 8,100, signaling a potential 9.5% gain driven by strong AI investment and upcoming major IPOs like SpaceX. Despite recent market volatility, especially in semiconductors, the AI supercycle is expected t...
