At a recent industry conference, Citigroup Inc’s (C) CEO Jane Fraser indicated improvement in the investment banking (“IB”) business and provided an update on its reorganizational efforts.She noted an improvement in corporate client sentiments, merger activity and debt-underwriting business. As for advisory fees, the bank will have to wait for deal completions.With this, management expects IB fees to sequentially improve in the low-teens range in first-quarter 2024.However, market revenues are expected to r ...

Citigroup Inc.’s (C) head of global wealth, Andy Sieg, has announced that the company plans to expand its wealth management business in the Greater Bay Area and the rest of Asia from its base in Hong Kong. The move is part of Citi’s plan to tap into the growing wealth in Asia, particularly leveraging Hong Kong’s financial hub status.Despite Citi’s plan to sell its mainland China wealth business to HSBC Holdings plc, it remains committed to Hong Kong and China.Though Citi will exit its consumer wealth busine ...

智通财经APP获悉，中生制药(01177)现跌超5%，截至发稿，跌5.4%，报2.98港元，成交额8732.6万港元。 消息面上，花旗发表报告指出，维持对中生制药的收入预测不变，但由于少数股东权益百分比被抵估，因此下调对其每股盈利预测，目标价由9港元下调至7.4港元，维持“买入”评级。 汇丰此前指出，公司大部分负面因素已反映在股价之上，考虑到该公司疫苗库存水平较低，估计减值影响有限，并对其增长前景保持乐观。该行认为中生制药增长前景稳固，现价水平为2024年经调整预测市盈率为15倍，较同业平均19倍低，估值有吸引力，维持“买入”评级，因应最新估值，将目标价从5港元降至4.6港元。 ...

In the latest trading session, Citigroup (C) closed at $56.14, marking a +0.97% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.12%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.41%.Shares of the U.S. bank witnessed a gain of 0.11% over the previous month, trailing the performance of the Finance sector with its gain of 3.94% and the S&P 500's gain of 4.83%.Analysts and investors alike will be keeping a ...

Citigroup Inc. (C) will lay off 286 New York City-based employees, according to three notices that the company filed with the State Labor Department.The workforce reduction is set to take effect before May 3. It will comprise 239 employees in the primary banking unit, 44 in the global markets broker-dealer units and three in a technology unit, according to the Worker Adjustment and Retraining Notifications.This is in line with the company’s plans to shed 20,000 positions by 2026, as it continues its largest ...

Citigroup is cutting nearly 300 workers in New York as it continues its massive layoff spree in an effort to reign in expenses, according to filings with the State Labor Department.   About 239 workers in the primary banking subsidiary, 44 from its broker-dealer unit and three from its technology arm are getting cut, according to Worker Adjustment and Retraining Notification (WARN) notices filed this week.  In early January, the company announced that it was cutting 20,000 roles "over the medium-term," as p ...

The 6 Highest Yielding Warren Buffet Stocks Have Serious Upside Potential Chip Somodevilla / Getty Images If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. Known for his long buy-and-hold strategies and his massive portfolio of public and private holdings, he remains one of the ...

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, the remaining 22,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”) and the corresponding Series J Depositary Shares representing interests in the Preferred Stock, equivalent to $550 million aggregate liquidation preference. 16,000 shares of the Preferred Stock and the related Depositary Shares, equivalent to $400 million aggregate liquidation prefe ...

Citigroup (C) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this U.S. bank have returned -2.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 3.7%. The key question now is: What could be the stock's future direction?Although media reports o ...

Blue-chip stocks are typically known as high-quality, reliable and well-established companies with strong track records of growth and profitability. However, even these market leaders can sometimes face challenges and setbacks that cause their share prices to drop below their intrinsic values. Yet market fluctuations and such price declines create an opportunity for savvy investors to buy these blue-chip stocks at bargain prices and enjoy long-term returns. With that information, here are three stalwarts of ...