Banks Confront Weakening Economic Data After Strong Run
Weakening economic data, underscored by surprisingly poor payroll numbers on Friday, is challenging the strong environment that’s coalesced around the sector.
Ticker |
C
|
CIK | 0000831001 |
SIC | 6021 |
Sector | Finance, Insurance, And Real Estate |
Industry Category | Banking |
Industry Group | National Commercial Banks |
Address | 388 GREENWICH STREET, NEW YORK, NY, 10013 |
Website | citigroup.com |
Phone | 2125591000 |
CEO | Jane N. Fraser |
Employees | 240,000 |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Banks Confront Weakening Economic Data After Strong RunWeakening economic data, underscored by surprisingly poor payroll numbers on Friday, is challenging the strong environment that’s coalesced around the sector. Goldman Told Clients to Go Long Copper a Day Before Price Plunge(Bloomberg) -- Goldman Sachs Group Inc.’s salespeople were recommending their hedge fund clients bet on a surge in US copper prices just a day before US President Donald Trump’s tariff decision sent the market crashing by the most on record.Most Read from BloombergThe World’s Data Center Capital Has Residents SurroundedAn Abandoned Art-Deco Landmark in Buffalo Awaits RevivalWe Should All Be Biking Along the BeachSeeking Relief From Heat and Smog, Cities Follow the WindSan Francisco in Talks With Big Banks slump, UnitedHealth's new CFO, Eli Lilly & Novo riseYahoo Finance anchor Julie Hyman tracks Friday's top moving stocks and biggest market stories in this Market Minute. Big Bank stocks, like JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC), are dipping as investors worry that slowing growth could hit loan demand following a weak July jobs report. UnitedHealth (UNH) is in focus after naming a new CFO effective Sept. 2, marking its second major leadership change since May amid ongoing executive shakeups. Eli Lilly (LLY) and Novo Nordisk (NVO) stocks rise on reports that the Trump administration plans to begin testing Medicare and Medicaid coverage for GLP-1 weight-loss drugs, according to The Washington Post. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Citigroup Inc. (C) Raises $3.6B in Capital, Redeems €1.75B Debt to Boost EfficiencyWe recently compiled a list of the 13 Best Major Stocks to Invest in Now. Citigroup Inc. stands fifth on our list. Citigroup Inc. (NYSE:C), a global financial services leader operating in over 180 countries, has recently focused on strengthening its capital structure and expanding operations. In July 2025, the company raised $2.7 billion through […] United Therapeutics to Make $1 Billion in Accelerated Stock Repurchases; Shares RiseUnited Therapeutics (UTHR) said Friday it will enter into two accelerated share repurchase, or ASR, |