Wall Street execs predict 200,000 layoffs, due to artificial intelligence (AI). As technology impacts finance, and other ...

Shares rose 3.6% in premarket trading. Citi, one of the nation’s largest banks, has been pursuing a turnaround strategy under CEO Jane Fraser, who has sold off some business and reorganized the ...

Despite Citi lagging behind its rivals on return to tangible equity, about 70 per cent of Wall Street analysts have assigned the bank a “buy” rating. “The outcomes for Jane are about as wide ...

Wall Street’s biggest banks, including JP Morgan, had a surge in profit after a rebound in dealmaking and strengthening ...

This is a good time to be a trader. Revenue from big Wall Street desks dealing in stocks, bonds and other instruments surged ...

Wall Street banks JPMorgan Chase, Goldman Sachs and Citigroup notched up strong rises in profits at the end of last year, powered by a boom in trading and dealmaking. JPMorgan’s net earnings rose 50 ...

Citigroup said on Friday it was expecting a rally in global equities to extend into 2025, as falling interest rates and ...

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall ...

Some of Wall Street’s biggest banks reported a surge ... stronger performance in our businesses,” said Jane Fraser, Citi’s chief executive, in a statement. “Our net income was up nearly ...

Morgan Stanley, Goldman Sachs, Bank of America, Citi, Wells Fargo, and JPMorgan Chase all reported strong fourth-quarter ...

reflecting a buoyant environment in a period that included the US presidential election and a heady aftermath on Wall Street. Citi reported profits of $2.9 billion, compared with a loss of $1.8 ...