Tag: citigroup

Citigroup Inc Beats Earnings, Revenue Estimates

Citigroup Inc Beats Earnings, Revenue Estimates

Citigroup released its first quarter earnings results before opening bell this morning, posting earnings of $1.10 per share and $17.6 billion in revenue. Analysts had been expecting earnings of $1.03 per share and $17.4 billion in revenue. In last year’s […]

Costco Credit Cards

Citigroup Inc. Buys Costco Credit Cards From AmEx

Costco Credit Cards …..Citigroup Inc. has announced that it has reached a deal for the acquisition of Costco Wholesale Corp.’s co-branded credit-card business from American Express Co. It is thought that the sale will be concluded by June this year. At that […]

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Neel Kashkari: Hack Politician Or Seminal Thinker?

Richard X. Bove, Vice President Equity Research at Rafferty Capital Markets, discusses Neel Kashkari’s new initiative to break-up big banks. Minneapolis Fed Sets Course The Federal Bank of Minneapolis is one of the 12 Federal Reserve District banks in the […]

Point: Why We Shouldn’t Bring Back Glass Steagall

Point: Why We Shouldn’t Bring Back Glass Steagall

Point: Why We Shouldn’t Bring Back Glass Steagall Editor’s Note: For an alternative viewpoint, see: Counterpoint: A 21st Century Glass-Steagall Act Is Needed Throughout the campaign season, several presidential candidates, including Sen. Bernie Sanders and Gov. Martin O’Malley, have called […]