Citigroup Inc. (C)
S&P Stocks To Trade In June
For this month, the cycle/relative strength concept is applied. First, the S&P 500 stocks are ranked from the best performer to the worst by calculating the expected return in that month.
Citi's new head of banking Raghavan begins as CEO hails intensity
Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan this year.
Citigroup: Still Looks Undervalued After Climbing More Than 40% Over The Past Year
Citigroup's shares have climbed 40.59% over the past year and are forecasted to hit medium-term targets for revenue and loan growth. I highlight the risks of investing in Citigroup, including potential credit crunch and economic recession. Citigroup's strong Q1 2024 earnings, cost-cutting efforts, and undervalued shares make me bullish on the stock, expecting shares to approach $80 by the end of the year.
Citigroup: Next Level Up
Citigroup's stock has finally participated in the big bank rally, but the company still struggles to generate growth. Regulators are expected to slash plans for higher capital requirements, allowing for more share repurchases to reward shareholders. Citigroup has excess capital of $13 billion and has already started repurchasing shares, with $2.4 billion spent on buybacks over the past year.
Citigroup: Bold Turnaround Efforts Paying Off, Strong EPS Growth Expected
Citigroup has outperformed the S&P 500 by nearly 25 percentage points since late last year as positive sentiment surrounds the once-boring big bank stock. The company is undergoing cost-cutting initiatives and seeking better capital market opportunities under CEO Jane Fraser, which appear to be paying off given 20%+ EPS growth expected next year. I assert that the stock is undervalued with a high dividend yield, and earnings growth and shareholder-friendly activities could support further bullish price action.
Citi asks 600 staffers to return to office full-time as Wall Street reinstates pre-pandemic rules
New rules will make it hard for Wall Street banks to allow offsite work for roles such as trading.
Fed will cut five times this year, driving gold to $3,000 by H1 2025 – Citigroup's Max Layton
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Citi Isn't the Only One With a Fat Finger Problem
Being rushed, typos and confusing ticker symbols are among the reasons small investors cite when they've bought the wrong stock.
Ex-Citi banker says she was fired for refusing to give false data to regulator
A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information.
Citigroup fined $79M by UK regulators over ‘fat-finger' failures that caused sudden fall in stocks
The bank's London unit had a series of failings that "crystallized into trading incidents," the most striking of which was a mistaken $444 billion order in May 2022.
Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks
A trading mistake at Citigroup in 2022 has led to a $78 million fine against the bank. The "fat-finger" trade caused a brief flash crash in European stocks in May 2022.
A Citi trader intending to sell $58 million of shares ended up selling $1.4 billion. Now the bank has been fined.
Trading incidents including one where Citigroup executed $1.4 billion of sell orders when intending to sell $58 million of shares led British regulators on Tuesday to fine the bank over trading controls.
