Fintech

Citigroup's network of 689 bank branches in the U.S. and Canada looks paltry compared with JPMorgan Chase's 5,000-plus web and Bank of America's 4,353 locations. So the bank is using its online bank to lure new customers - with juicy yields on savings accounts.

Bank of America's first-quarter revenue didn't grow from a year earlier, but the bank led by CEO Brian Moynihan cut costs by 4%, helping to push earnings per share to 70 cents. That level beat analysts' average estimate of 66 cents.

Citigroup's investments in Mexico could meet some macro troubles in the near to medium term.

Citigroup's stock move could be described as unenthusiastic, reflecting how many feel about its first quarter earnings results.

Citigroup posts better-than-expected results for the first quarter as a cut in the U.S. bank's effective corporate tax rate helps to offset a fall in stock-trading revenue.

Goldman Sachs, the Wall Street firm, says first-quarter profit falls less than expected. But the stock declines after analysts say the outperformance was driven by accounting decisions that might not be repeated in future quarters, including a low tax rate and less-than-estimated compensation expenses.

Goldman Sachs and Citigroup reported earnings on Monday, April 15th before the market opened. Bank earnings are important for investors even if they don't own a bank stock. Research Analyst for ActionAlertsPLUS, Zev Fima, explains why.

Citigroup investors may need more information before calling the earnings beat a buying opportunity.

Citigroup, the giant U.S. bank, is expected to report first-quarter earnings roughly equivalent to those from a year earlier, even after rival JPMorgan Chase posted a 5% increase. Citigroup CEO Michael Corbat, who this week announced major changes in his senior leadership team, is expected to provide commentary on how the bank is faring amid a slowdown in global economic growth.

Risk and reward are the yin and yang of investing, and are closely related, especially in the pharmaceutical field.