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Citigroup (C) earnings Q1 2024
Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected results in the bank’s investment banking and trading operations. Here’s how the company performed, compared with estimates from LSEG, formerly known as…
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Online trading platform Webull set to go public via $7.3B SPAC deal
The Webull logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Webull is planning to go public through merging with a special purpose acquisition company in a…
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Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway‘s Warren Buffett said his sprawling conglomerate may only slightly outperform the average…
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Warren Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner…
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Billionaire Bill Ackman to open NYSE-listed fund for regular investors
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman is set to offer a new investment…
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Wells Fargo (WFC) earnings Q4 2023
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year. “As we look…
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Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat the…
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Cliff Asness’ AQR Absolute Return fund gains 18.5% in 2023
Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance. The AQR…
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Big Short’s Steve Eisman worries investors are too bullish in 2024
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks…
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Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, one of…
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