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Citigroup Stock: Optimizing Its Profit Curve To Achieve 60% Efficiency (NYSE:C)

Citigroup (C) recovered by over +12% since banking crisis, with its well-diversified portfolio ensuring the stickiness of its multinational client base. Read more here. ....

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Earnings Beat Proves Citigroup To Be The Cheaper Bank Stock

Luckily for Citigroup (NYSE:C) investors, the bank has a wide range of both components, generating income from both investment banking paired with trading business activity ....

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RAKBank first quarter 2021 net profit at Dh113.9m, up 70% from Q4-2020

Dubai: Another UAE bank has come up with upbeat first quarter 2021 numbers - RAKBank recorded net profit of Dh113.9 million during the period, and which is a 70.8 per cent gain on the fourth quarter.
Total assets were at Dh53.2 billion, which is an increase of 0.9 per cent year-to-date. It was brought on by enhancements in gross loans and advances, lending to other banks and investments. Total income came to Dh800.9 million, down 0.8 per cent from the fourth quarter. But operating expenses were kept under control, dropping by 10.2 per cent when compared to first quarter 2020.
Peter England, CEO, said: The performance this quarter was solid and driven by a strong momentum from all of our business verticals as this was evident in the year-on-year decrease in provision for credit loss by Dh123.4 million. RAKBank is on a recovery path post-COVID-19 and will continue to maintain that trajectory while retaining healthy capital levels. ....

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