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Citi profit rises on trading strength, but cuts return targets after 'critical' year

  • Citigroup Inc. Reported a fourth-quarter fiscal 2024 revenue growth of 12% year-over-year to $19.58 billion, beating the analyst consensus of $19.48 billion.
  • Citigroup shares jumped 5.8% to $77.76 on Wednesday after the company announced a $20 billion buyback.
  • The Shyft Group, Inc. Issued supplemental information reinforcing significant value creation potential of the proposed merger with Aebi Schmidt.
  • The Bank of New York Mellon Corporation rose 5.7% to $80.31 following better-than-expected fourth-quarter financial results.
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  • 83% of the sources are Center
83% Center
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