C - Citigroup Inc.
| Previous Close | 70.88 |
| Open | 71.30 |
| Bid | 71.45 x 4000 |
| Ask | 71.46 x 1300 |
| Day's Range | 70.60 - 71.50 |
| 52 Week Range | 64.38 - 80.70 |
| Volume | 6,475,029 |
| Avg. Volume | 14,607,518 |
| Market Cap | 179.761B |
| Beta | 1.54 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.65 |
| Earnings Date | Oct 12, 2018 |
| Forward Dividend & Yield | 1.80 (2.57%) |
| Ex-Dividend Date | 2018-08-03 |
| 1y Target Est | 83.52 |
Market Realist•2 hours agoWhy Wall Street Still Loves JPMorgan Stock
Analysts are bullish about JPMorgan Chase (JPM) and foresee decent growth in its stock price from its current level. Strong economic growth, a healthy job market, tax cuts, and easing regulations are creating a pleasant business environment for JPMorgan Chase. JPMorgan’s fantastic record of positive earnings surprises has fortified analysts’ confidence in its stock.
- Bloomberg•3 hours ago
Short Selling Is a Tough Business
Here is a profile by Michelle Celarier of Jim Chanos, who is the founder of Kynikos Associates, which runs “the lone short-selling hedge fund of any size.” Chanos is also, Celarier reveals, the proprietor of a pseudonymous finance Twitter account called “Diogenes” (@WallStCynic), where, like everyone else on Twitter, he tweets sick burns about Tesla Inc. and Elon Musk. Jim Chanos is, let’s just assume, the greatest short seller who ever lived.
- CNBC•5 hours ago
Visa, Mastercard and others to pay $900 million more in amended settlement over card-swipe fees
The $900 million will be tacked onto the $5.3 billion paid to merchants in 2012. Visa's share of the additional settlement payment is $600 million, while Mastercard agreed to pay $108 million on a pre-tax basis, according to Securities and Exchange Commission filings.
- Investing.com•21 hours ago
Metal Prices Mostly Higher as Dollar's Dash Lower Eases Trade Concerns
Investing.com – Copper prices edged higher as a weaker greenback helped alleviate selling pressure brought on by expectations the U.S. is set to pull the trigger on a fresh round of tariffs against China.
- InvestorPlace•yesterday
The Valuation of Citigroup Stock Is Quite Attractive
Citigroup (NYSE:C) is having a fairly uneventful 2018 so far, at least as far as its stock goes. Since February, Citigroup stock has traded in a tight range between $65 and $75 per share. The Fed is steadily hiking interest rates while inflation has picked up, and the labor market is the strongest that it has been since the financial crisis.
Reuters•yesterdayCitigroup hires three software investment bankers
Citigroup's move shows how bankers specializing in the sector have become sought after on Wall Street. Brian Marshall will join Citigroup from Credit Suisse Group AG (CSGN.S) in San Francisco, the memo said. Marshall was a former research analyst and also worked as head of corporate development at analytics software company Hortonworks (HDP.O).
Reuters•yesterdayCitigroup hires three software investment bankers
Citigroup's move shows how bankers specializing in the sector have become sought after on Wall Street. Brian Marshall will join Citigroup from Credit Suisse Group AG in San Francisco, the memo said. Marshall was a former research analyst and also worked as head of corporate development at analytics software company Hortonworks.
- Bloomberg•yesterday
Citigroup Stock Price Could Double in Next Four Years, Mayo Says
Citigroup Inc.’s stock price could double over the next four years as it changes out top leaders across the bank, Wells Fargo & Co. analyst Mike Mayo said. Mayo said on Monday that Citigroup is his “number one idea” after the firm announced it would shuffle top leaders in its U.S. consumer business and that its longtime chief financial officer, John Gerspach, would retire in March. Citigroup’s current chairman, Michael O’Neill, also won’t be eligible for re-election to the company’s board after he turns 72 next month.
- Zacks•yesterday
Citi (C) Agrees With $13M Settlement for Dark Pool Probe
Citigroup (C) penalized with $13 million by the federal regulators for misleading clients related to the procedure of its dark pool - CitiMatch.
Market Realist•yesterdayWhat Wall Street Expects of US Bankers in the Third Quarter
The broader US market has risen year-to-date on improved corporate earnings and slower rate hike expectations due to the Trump administration’s criticism of the Fed’s hawkish policy. Wells Fargo & Company (WFC) is expected to post EPS of $1.18 and $1.15 in the third and fourth quarters, respectively, while its revenues are expected to fall 1.2% and 1.4% YoY (year-over-year), respectively, in the quarters.
- Reuters•3 days ago
MOVES-Citigroup names veteran banker head of Asia, EMEA consumer bank
Citigroup Inc has named Gonzalo Luchetti as head of consumer banking, which includes retail banking and wealth management, for 17 markets in Asia Pacific, Europe, the Middle East and Africa (EMEA). Luchetti, who joined Citi in Latin America in 2006 and previously worked as retail banking head for Asia Pacific and EMEA, will replace Anand Selva, who has been named regional head for North America.
- Reuters•3 days ago
MOVES-Citigroup names veteran banker head of Asia, EMEA consumer bank
Citigroup Inc has named Gonzalo Luchetti as head of consumer banking, which includes retail banking and wealth management, for 17 markets in Asia Pacific, Europe, the Middle East and Africa (EMEA). Luchetti, who joined Citi in Latin America in 2006 and previously worked as retail banking head for Asia Pacific and EMEA, will replace Anand Selva, who has been named regional head for North America.
- The Wall Street Journal•4 days ago
[$$] Citi To Pay $12.9 Million Related to “Dark Pool” Trading Violations
Citigroup Inc. will pay regulators $12.9 million to settle charges related to its operation of a so-called “dark pool” trading platform called Citi Match. The Securities and Exchange Commission said the Citi affiliate that marketed Citi Match misled users between at least December 2011 and June 2014 by informing them that high-frequency traders weren’t permitted to trade in the pool. Dark pools are private, off-exchange stock-trading venues that arrange transactions without broadcasting their users’ orders to the broader market.
Reuters•4 days agoNigeria fraud agency briefly at Standard Chartered's office in Lagos
Officers from Nigeria's financial crime agency visited the Lagos office of Standard Chartered's (STAN.L) Nigerian operations on Friday, but bank said in a statement that there was no reason for the officers to be there and they left shortly afterwards. Last month Nigeria's central bank ordered Standard Chartered and three other banks to bring back to the country $8.134 billion that it alleged South African telecoms firm MTN (MTNJ.J) had illegally sent abroad in breach of foreign exchange regulations. It was not immediately clear whether the move by officers from the Economic and Financial Crimes Commission (EFCC) was related to that matter.
- Reuters•4 days ago
Citigroup pays $12 million to settle dark pool probe
Dark pools allow institutional investors to anonymously trade large blocks of shares without the market moving against them. The SEC found Citigroup Global Markets Inc misled users with assurances that high-frequency traders were not allowed to trade on Citi Match, a premium-priced dark pool platform operated by CORE, when two of its most active users reasonably qualified as such traders and had executed more than $9 billion of orders through the pool.
Reuters•4 days agoCitigroup pays $12 million to settle dark pool probe
Dark pools allow institutional investors to anonymously trade large blocks of shares without the market moving against them. The SEC found Citigroup Global Markets Inc misled users with assurances that high-frequency traders were not allowed to trade on Citi Match, a premium-priced dark pool platform operated by CORE, when two of its most active users reasonably qualified as such traders and had executed more than $9 billion of orders through the pool.
- Bloomberg•4 days ago
Citigroup Pays Almost $13 Million to Settle SEC Dark Pool Probe
Citigroup Inc. will pay almost $13 million to settle allegations that an affiliate misled users of a dark pool operated by the bank.
Market Realist•4 days agoWells Fargo Is Focusing on Improvements in These Two Areas
In the last two quarters, Wells Fargo & Company (WFC) has seen a decline in its loanbook while its peers have managed growth of 2%–7%. The decrease in the company’s lending has mainly been the result of strict underwriting guidelines, prepayments, and a decline in automobile and mortgage-backed loans. With its strong balance sheet, Wells Fargo is positioned well to target higher retail and commercial lending in future quarters. Although the Fed has granted it clearance to raise its shareholder payout, it has yet to make strategic moves to grow its credit.
- Zacks•4 days ago
A Decade Since Lehman Collapse: How Big Banks Are Faring?
Since the 2008 financial crisis, most of the big banks have significantly regained their past glory with the help of improving economy, rising interest rates and restructuring efforts.
- Market Realist•4 days ago
Consumer Banking Segment: The Key to Bank of America’s Growth
The US economy is moving in a positive direction, as indicated by an improving GDP growth rate and a strong jobs market. That has led to an increase in credit demand from retail customers.
- Morningstar•4 days ago
When Free Isn’t Free
Travelers quickly learn to avoid “no-commission” currency exchanges that lurk outside of baggage claim areas. Mainstream investing is considerably cleaner. Once, the investment industry's sales fees were upfront.
- Investopedia•5 days ago
Morgan Stanley Plans to Launch Bitcoin Swap Trading
Citing a person familiar with the matter, Bloomberg reports that the leading American investment bank will facilitate deals in derivatives contracts that will allow traders and investors a synthetic exposure to the performance of Bitcoin, the most popular cryptocurrency. Morgan Stanley will benefit by charging a spread for each transaction.
- Investing.com•5 days ago
Bitcoin Gains Traction as Morgan Stanley Prepares Bitcoin Swap Trading
Bitcoin rallied 3.44% to $6,479.00 on the Bitfinex exchange as of 8:04 AM ET (12:04 GMT).
Market Realist•5 days agoJPMorgan Chase Outperformed Top Peers: More Upside Potential?
With a YTD (year-to-date) return of 5.7%, JPMorgan Chase (JPM) is currently the best-performing stock among the five largest US banks—based on market capitalization. JPMorgan Chase has also outperformed the Financial Select Sector SPDR Fund (XLF), which tracks an index of S&P 500 financial stocks. XLF has gained 0.6% YTD.
- Zacks•5 days ago
Citigroup (C) Announces Upbeat Expectations, Stock Up 1.6%
Citigroup (C) projects fixed income and equity trading revenues in Q3 to be flat to slightly higher compared with the prior-year quarter.
