Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Financial Services 💸 » Citigroup shares roaring loud 📈

Citigroup shares roaring loud 📈

by Omar El Shorafa
July 18, 2022

The Clap
Citigroup’s shares surged 10% on Friday after posting a smaller than expected 27% drop in quarterly profit.

The Deets
The Treasury and Trade Solution business, TTS, had recorded a 33% jump in revenue to $3 billion, the best performance in a decade.

Revenues jumped by 25% to $5.3 billion, due to the volatility of the FX market and commodities. 

What about the buyback?
Despite the strong performance, Citigroup will pause share buybacks due to the current threats to the economy as well as the need to have a particular capital ratio.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Claps, Financial Services
Financial Services 💸

Goldman Sachs suffered in Q4

by Omar El Shorafa
January 18, 2023
Claps, Financial Services
Financial Services 💸

Morgan Stanley beats the odds in Q4

by Omar El Shorafa
January 18, 2023
Claps, Financial Services, NASDAQ
Financial Services 💸

Coinbase to cut workforce significantly 🪙

by Omar El Shorafa
January 11, 2023
Claps, NYSE, Financial Services
Financial Services 💸

Goldman Sachs preparing for job cuts 🏦

by Omar El Shorafa
January 10, 2023
Claps, Financial Services, NYSE
Financial Services 💸

Visa splurging on Africa e-payment’s boom 💳

by Omar El Shorafa
December 15, 2022
Claps, LSEG, Financial Services
Mergers & Acquisitions 🤝

Microsoft wants a piece of LSEG 🔔

by Omar El Shorafa
December 13, 2022

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)