C reports lower April card delinquencies and charge-offs year over year, while principal receivables increase modestly from March.
CFRA cut its rating on Bank of America (NYSE:BAC | BAC Price Prediction) stock to Hold on Tuesday, May 19, joining a parallel downgrade of Citigroup (NYSE:C) to Hold on the same day.
Rothschild & Co appointed on Tuesday Lucy Baldwin as global head of equities, leading sales and trading, research and corporate access.
Citi reiterates a Buy rating on the flash memory supplier and boosts its price target to $2,025 from $1,300.
Citigroup has leveraged AI-driven productivity and modernization to outperform peer JPMorgan and the S&P 500 Information Technology sector, warranting a valuation re-rating. AI initiatives have delivered measurable efficiency gains—freeing up 100,000 developer hours weekly and accelerating legacy code remapping—supporting faster customer acquisition and cost reduction. The rapid digital transformation has improved profitability and ROE, with a 16% price target upside to $144 justified by both operational gains and prudent risk assessment.
C's strong earnings, excess capital and aggressive buybacks are driving a shareholder-friendly capital return strategy.
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) could face pressure to meet market expectations in the second half of 2026, according to analysts at Citi, who warned consensus forecasts for the group's US business may still be too optimistic despite recent downgrades. First-quarter results and updated guidance earlier this month from the owner of FanDuel had already triggered sharp cuts to analyst forecasts for US adjusted EBITDA, with consensus estimates for 2026 and 2027 falling 11% and 10%, respectively.
Citigroup NYSE: C executives used the company's 2026 Investor Day to outline a multi-year plan for higher returns, continued business investment and additional capital returns, with Chair and CEO Jane Fraser saying the bank has “rebuilt the engine” after several years of restructuring.
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C targets higher profitability through 2031 as cost cuts, AI-driven productivity and $30B buybacks support its turnaround strategy.
CEO Jane Fraser has cleaned up some big problems. Now it's time for the bank to show it can excel.
Citi's Thursday (May 7) Investor Day presentation sketched out a bank betting on a technology-driven growth strategy, with executives demonstrating that artificial intelligence (AI) is now moving from back-office experimentation into a core operating layer across cards, payments, wealth management and consumer banking.