Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.

Citigroup stock is soaring Wednesday after the big bank topped earnings expectations and unveiled a massive stock buyback program. Here's why that's important.

Citigroup Inc.’s C fourth-quarter 2024 adjusted net income per share of $1.34 surpassed the Zacks Consensus Estimate of $1.25. The company had incurred a loss of $1.16 in the fourth quarter of 2023. For 2024,

CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results. Here's the science behind the Los Angeles wildfires Mayim Bialik reunites on screen with ‘Big Bang Theory’ co-star Melissa Rauch on ‘Night Court’ You stay,

Citigroup on Wednesday reported fourth quarter net income of $2.9 billion, compared to a net loss of $1.8 billion in the prior-year period, fuelled by higher revenues, lower expenses and lower cost of credit.

Growth in investment banking and equity markets revenue helped drive a better-than-expected report for Citi in the third quarter, and those could be sources of strength again in the fourth quarter. Citi's stock was a strong performer in 2024,