The future could see more megamergers, middle-market deals and initial public offerings.
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank's clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday.
Citigroup Inc. Chief Executive Officer Jane Fraser says there is a lot of "pent-up demand" on Wall Street for deals. She also expects the Donald Trump administration to be pro-growth.
Jane Fraser, Citi CEO, joins 'Squawk on the Street' to discuss Citi's recent stock performance, the outlook for Citi's business, and much, much more.
Citigroup is one of the five largest banks in the U.S., serving 19,000 institutional clients. The post Citibank Surges Past Buy Point As Trump Win Boosts Financials appeared first on Investor's Business Daily.
The Investment Committee debate the latest Calls Of The Day.
C will leverage Google Cloud's Vertex AI platform to deliver generative AI capabilities across the organization.
C launches CDB to modernize trade finance and reduce dependence on physical documents, couriers and paper handling across various global parties.
24/7 Wall St. Insights The stock market is up a stunning 34% year over year.
Citi has been focused on revamping its wealth management division.
Citi has launched an integrated digital bill discounting solution that it said helps users monetize receivables in less than an hour. The new Citi Digital Bill (CDB) is now available to Citi clients in the U.S., the U.K. and Ireland, the bank said in a Monday (Oct. 28) press release.
Citi has teamed with Google to use artificial intelligence (AI) and cloud technology to bolster its digital strategy. The collaboration, announced Monday (Oct. 28), is designed to use Google Cloud's expertise to upgrade the banking giant's infrastructure.