|Bid||3,450.00 x 0|
|Ask||3,850.00 x 0|
|Day's Range||3,509.00 - 3,593.00|
|52 Week Range||1,485.50 - 3,868.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||31.53|
|Forward Dividend & Yield||50.24 (1.38%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||N/A|
SINGAPORE (Reuters) -Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the matter said. The move comes after Citi said it would exit from its consumer franchises in 13 markets, 10 of which are in Asia, as it refocuses on its more lucrative institutional and wealth management businesses in these markets. Potential bids from the regional banks and StanChart, which makes most of its profit in Asia, underscores their growing appetite for businesses like credit cards and mortgages in a push to lock in long-term income growth.
Citigroup Inc. will hold its 2021 Annual Stockholders' Meeting on Tuesday, April 27, 2021, at 9 a.m. Eastern Time ("ET"). This year’s Annual Meeting will be held in a virtual format. A live webcast of the Annual Meeting will be available at www.virtualshareholdermeeting.com/CITI2021.
Citigroup has tasked one of its most senior London-based bankers with leading its new technology and communications franchise as the sector benefits from a wave of deals triggered by digital disruption. British-born Philip Drury, who has been leading Citi's banking, capital markets and advisory business across Europe, the Middle East and Africa since 2018, will quit London to take on a new global role as Tech & Comms' head out of San Francisco. "Tech & Comms is one of the fastest growing franchises in global banking, capital markets and advisory and represents one of the greatest opportunities to close our competitive gap," said the memo, which was signed by the co-heads of Citi's banking, capital markets and advisory business globally, Tyler Dickson and Manuel Falco.