Citigroup Inc. (C)
Citi: Cheap Valuation And Improving Metrics Make This A Buy
Citi's significant growth opportunities and recent improvements make C stock a buy, despite the challenges faced by U.S. banks. The shares' low valuation already accounts for potential risks, presenting an attractive investment opportunity. Citi is poised to benefit from improvements in wealth management, investment banking, and trading amid the economy's soft landing and declining interest rates.
Citigroup: Beyond Cheap
Citigroup's stock trades significantly below tangible book value, presenting a strong buying opportunity with a 3.9% dividend yield and the potential for increased share buybacks. Basel III capital requirements are set to be less stringent than initially expected, allowing the large bank to potentially return more capital to shareholders. Citigroup's robust CET1 capital ratio and plans for 57% growth in RoTCE indicate strong future earnings and stock price appreciation potential.
Citigroup Says Demand for High-Growth Stocks Could Benefit Tech Companies
A top Citigroup banker reportedly said that a handful of tech companies are considering going public on U.S. exchanges before the end of the year and that they could benefit from demand for high-growth stocks.
Citi says chief accounting officer Johnbull Okpara to resign
Citigroup said on Tuesday its chief accounting officer Johnbull Okpara will be stepping down from his position at the bank.
Citigroup Q3 IB Fees to Rise 20% on Upbeat Debt Capital Markets
C's IB fees are likely to jump 20% in the third quarter, driven by a strong rebound in activity across debt capital markets and mergers and acquisitions.
Citi hires Achintya Mangla to head investment banking financing
Citigroup has hired Achintya Mangla as head of financing for investment banking, a newly created role that will report to the head of banking Viswas Raghavan, according to a memo seen by Reuters on Tuesday.
Citigroup Stock Soars 56.1% in a Year: Is It the Right Time to Buy?
Citigroup, Inc. C — one of the ‘too big to fail' banks — had an impressive run, with the stock skyrocketing 56.1% in a year. The uptick outpaced a 49.2% rally registered by the industry and 25.8% growth of the Zacks S&P 500 composite.
Citigroup: Shares At Near New Highs, But Still Cheap
Citigroup's conservative balance sheet and low loan to deposit ratio position it well for future earnings growth and stability. Despite a 50% share price rally, Citigroup remains undervalued compared to peers, offering significant upside potential. The bank's diverse loan portfolio and strong allowance for credit losses mitigate risks from commercial real estate and retail exposure.
Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
Citigroup is reportedly looking to increase its revenue by adding smaller clients. Traditionally known for serving only the largest clients, the bank has expanded its focus to include small- to medium-sized businesses (SMBs) with annual revenues between $10 million and $3 billion, the Financial Times (FT) reported Wednesday (Aug. 28).
U.S. Banks Soar as Fed Signals Rate Cuts Starting in September
U.S. bank stocks like C, JPM, WFC, EBMT, and FFWM rallied as the Federal Reserve signaled a rate cut beginning September.
Former Citigroup executive suing bank was fired for performance, company says
Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to give regulators false information.
Citi added new section on reorganization in quarterly report following US SEC query
Citigroup's addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange Commission in August, followed queries from the markets regulator.
