Citi Swings to a Profit and Announces $20B Stock Buyback
Portfolio Pulse from
Citigroup reported better-than-expected fourth-quarter results and announced a $20 billion stock buyback, leading to a rise in its shares during pre-market trading.
January 15, 2025 | 2:00 pm
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Citigroup reported strong fourth-quarter results and announced a $20 billion stock buyback, which positively impacted its stock price in pre-market trading.
The announcement of better-than-expected earnings and a significant stock buyback program is likely to boost investor confidence and demand for Citigroup shares, leading to a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100