C - Citigroup Inc.
| Previous Close | 77.24 |
| Open | 77.54 |
| Bid | 76.91 x 2200 |
| Ask | 76.92 x 900 |
| Day's Range | 76.64 - 77.90 |
| 52 Week Range | 60.05 - 83.11 |
| Volume | 5,774,056 |
| Avg. Volume | 11,860,988 |
| Market Cap | 162.13B |
| Beta (5Y Monthly) | 1.82 |
| PE Ratio (TTM) | 9.54 |
| EPS (TTM) | 8.04 |
| Earnings Date | Apr 14, 2020 |
| Forward Dividend & Yield | 2.04 (2.64%) |
| Ex-Dividend Date | Jan 30, 2020 |
| 1y Target Est | 92.23 |
- Business Wire
Citi Appointed as Depositary Bank for I-Mab’s Sponsored ADR Program
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by I-Mab for its American Depositary Receipt (ADR) program. I-Mab is a clinical-stage biopharmaceutical company committed to the discovery, development and commercialization of novel or highly differentiated biologics to treat diseases with significant unmet medical needs, particularly cancers and autoimmune disorders.
- Reuters
Seven marathons, seven days: CKC Capital's Yanney set to run the globe
For the past seven months Christopher Yanney has run in the rain and snow, trained with the thermostat set to 85 degrees, and hit the pavement as early as 1 am in preparation for the 183.4 miles he will face over the course of seven days in February. The co-founder of investment firm CKC Capital is set to participate in the World Marathon Challenge, a grueling test of strength where competitors complete seven marathons on seven continents in seven days. Participants are set to kick-off the first race in Antarctica on February 6.
- GuruFocus.com
Kahn Brothers' Biggest 4th-Quarter Buys
Hedge fund adds to positions in BlackBerry, ViewRay and Apple Continue reading...
- Moody's
Banco Citibank S.A. -- Moody's affirms Banco Citibank's ratings, outlook stable.
Rating Action: Moody's affirms Banco Citibank's ratings, outlook stable. New York, January 28, 2020 -- Moody's Investors Service, ("Moody's") has today affirmed Banco Citibank S.A.'s (Citi Brazil) long-term foreign currency bank deposit rating at Ba3, the Ba1 long-term foreign currency counterparty risk rating, and the Baa3 long-term local currency counterparty risk rating . At the same time, Moody's upgraded Citi Brazil's adjusted baseline credit assessment (adjusted bca) to baa3, from ba1, to reflect Moody's assessment of affiliate support to the Brazilian subsidiary.
- GuruFocus.com
Kahn Brothers Trims Holdings of Merck, Citigroup
Firm's largest sales of the 4th quarter Continue reading...
- Reuters
Centerview lures top French dealmakers to its new Paris hub - sources
LONDON/NEW YORK/PARIS, Jan 28 (Reuters) - U.S. boutique investment bank Centerview has found an office in the heart of Paris and is hiring senior bankers to establish a second European hub as Brexit looms, three sources told Reuters. Centerview, which already has an office in London's Mayfair, has rented space on the upmarket Avenue Matignon and plans to open for business in the next few months, the sources said, requesting anonymity as the matter is confidential.
- Business Wire
Citi Retail Services Announces New Strategic Agreement with Meijer
Citi Retail Services today announced a long-term agreement to provide private label and co-brand credit card services for Meijer.
ZacksStocks Plunge More Than 1.5% on Coronavirus Fears
Stocks Plunge More Than 1.5% on Coronavirus Fears
- Bloomberg
Boeing Receives More Than $12 Billion of Orders for New Loan
(Bloomberg) -- Boeing Co. has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter.The deal may be finalized as soon as Monday, said one of the people who asked not to be named because the information is private. The size of the loan is still to be determined, another person said.The loan is expected to have a margin of 100 basis points over the London interbank offered rate and a ticking fee of 9 basis points, as previously reported by Bloomberg News. It will also have a 5 basis points upfront fee, the people said.Citigroup Inc. is leading the financing, which was initially marketed at a size of $10 billion with a two-year delayed-draw term loan structure with potential to grow.The extra commitments from lenders show a vote of confidence by banks in Boeing, one of the people said.CNBC reported earlier on Monday that Boeing had secured more than $12 billion in financing from more than a dozen banks, citing unidentified people familiar with the matter.A representative for Citi declined to comment. A spokesperson for Boeing didn’t immediately respond to a request for comment.\--With assistance from Julie Johnsson.To contact the reporters on this story: Paula Seligson in New York at pseligson@bloomberg.net;Jeannine Amodeo in New York at jamodeo3@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Nikolaj GammeltoftFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
The Zacks Analyst Blog Highlights: Citigroup, Capital City Bank, Heartland BancCorp, Eagle Bancorp Montana and Investors Bancorp
The Zacks Analyst Blog Highlights: Citigroup, Capital City Bank, Heartland BancCorp, Eagle Bancorp Montana and Investors Bancorp
- MarketWatch
Financial stocks sink as coronavirus fears send Treasury yields lower
Financial stocks sank Monday, as worries over the impact of the fast-spreading coronavirus out of China on economic growth sent Treasury yields to multi-month lows. The SPDR Financial Select Sector ETF slumped 1.8% toward a 7-week low. Among the more active components in premarket trading, shares of Bank of America Corp. slid 2.7%, Citigroup Inc. shed 2.5%, J.P. Morgan Chase & Co. dropped 2.2%, Wells Fargo & Co. gave up 1.9% and Berkshire Hathaway Inc. declined 1.6%. Meanwhile, futures for the Dow Jones Industrial Average were down 430 points, or 1.5%. The yield on the 10-year Treasury note fell 6.3 basis points to a 3 1/2-month low of 1.618%. Lower long-term interest rates could hurt bank profits, as the spread between what they could earn on longer-term liabilities, such as loans, which are funded by shorter-term assets.
- Reuters
RPT-UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk
Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle between the bloc and its departing member. Hopes were high that Prime Minister Boris Johnson would prioritise the financial sector -- Britain's largest export industry and biggest corporate tax generator -- in trade talks. Until now, financial firms running EU operations from Britain believed that technical assessments by EU banking, insurance and markets regulators would be enough judge UK rules 'equivalent' to those governing EU-based firms, granting them market access after December.
- Simply Wall St.
Here's What We Like About Citigroup Inc. (NYSE:C)'s Upcoming Dividend
Citigroup Inc. (NYSE:C) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that investors that...
- Barrons.com
Oil Tumbled This Week. It’s Time to Buy Energy Stocks Like BP.
THE TRADER Just when it looked as if oil prices were ready to shoot higher, the waning threat of war and the arrival of the coronavirus has caused them to have their worst start to a year since 2016.
- Reuters
Boeing seeks up to US$12bn in loans to ease liquidity needs
Airplane manufacturer Boeing Co is in talks with banks to obtain up to US$12bn in loans, a move that comes as financial pressures mount on a company reeling from a production halt on its 737 MAX aircraft, sources said. Citigroup is leading the new transaction, which opens at 100bp over Libor, in line with Boeing's current borrowing costs. The loan pays a 9bp fee before the company draws down on the funds.
- Reuters
Bombardier scrambles to craft rail merger with Alstom, Hitachi - sources
LONDON/MONTREAL/PARIS, Jan 24 (Reuters) - Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters. It has been reviewing several rail merger scenarios in recent months which also involved a possible deal with Germany's Siemens and a Chinese counterpart, but these options failed to gain traction, one of the sources said. It remains in active talks with Alstom, one of its closest rivals in Europe, while also looking at Hitachi as another merger option, the sources said, requesting anonymity as the matter is confidential.
- Zacks
C or BAC: Which Is the Better Value Stock Right Now?
C vs. BAC: Which Stock Is the Better Value Option?
- Zacks
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman
- Reuters
UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk
Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle between the bloc and its departing member. Hopes were high that Prime Minister Boris Johnson would prioritise the financial sector -- Britain's largest export industry and biggest corporate tax generator -- in trade talks. Until now, financial firms running EU operations from Britain believed that technical assessments by EU banking, insurance and markets regulators would be enough judge UK rules 'equivalent' to those governing EU-based firms, granting them market access after December.
- Zacks
PayPal (PYPL) to Report Q4 Earnings: What's in the Offing?
PayPal's (PYPL) fourth-quarter 2019 results are likely to reflect gains from portfolio strength.
- Zacks
For Investment Gurus, Banks Are the Winning Trade for 2020
From the steepening yield curve to noninterest expenses increasing at a slower rate than total assets, banks are poised to gain this year.
- Bloomberg
RBA Inflation Target Set to Surface as Disasters Fuel Prices
(Bloomberg) -- Philip Lowe is on track to reach a milestone that has eluded him since taking the helm of Australia’s central bank 40 months ago: his inflation target. But given the circumstances, he’d doubtless prefer not to be.The combination of drought and wildfires that first parched and then scorched Australia’s east coast has left not only communities devastated, but crops incinerated and distribution networks in disarray. That’s set the scene for a spike in fruit and vegetables. Some of it will come through in the final quarter of 2019 -- with data due out Wednesday -- and the rest in the first quarter.“Apples will definitely have an issue,” reckons Peter, a 40-year veteran stall holder at Sydney’s Paddy’s Markets, who gave only his first name. The key growing regions in New South Wales were destroyed and prices are already up 50%-60%, he said, adding avocados have doubled in the past two weeks.“Farmers were focused on defending properties and protecting families rather than picking fruit,” he said, and roads were cut, halting transport in fire-ravaged areas.Australia’s inflation hasn’t reached the mid-point of the Reserve Bank’s 2%-3% target in more than half a decade as developed world price weakness infiltrated Down Under. A sharp rise in headline inflation would therefore shock markets, which are pricing in further RBA cuts this year.“We have seen before these extreme events can have a big impact on food prices,” said Michael Blythe, chief economist at Commonwealth Bank of Australia. He doesn’t expect the impact to be of the same magnitude as Cyclone Yasi’s 2011 crop destruction that sent banana prices shooting up 377%.But, Blythe notes, after a prolonged period of low inflation, “another 0.1 or 0.2 percentage point on top of what is now seen as normal has more shock value.”Australia’s quarterly inflation averaged 0.5% over the past decade, and adding Blythe’s numbers would bring CPI to 0.6%-0.7%. If Wednesday’s data records a number of 0.6% for the fourth quarter -- CBA’s forecast -- and then lifts to 0.7% in the current quarter, this would raise the annual rate to 2.5%, the midpoint of the RBA’s target.The median estimate of economists is that consumer prices advanced 0.6% in the final three months of 2019 from the prior quarter, and 1.7% from a year earlier.The RBA traditionally looks through short, sharp price increases.Australia’s labor market, meanwhile, remained strong through to the end of last year, with unemployment unexpectedly dropping in December. That’s the latest in a series of results that exceeded expectations as measured in Citigroup Inc.’s Economic Surprise Index.Yet there are factors pushing the other way, too.Intense competition for thrifty Australians’ cash among major supermarkets could see them opt to absorb price rises rather than pass them on.Then there’s improved data collection at the Australia Bureau of Statistics, which produces the inflation report. It’s now able to obtain a more granular view of food spending patterns using barcode data. This allows the bureau to capture the substitution that typically occurs when the price of one product increases sharply.For example, a banana price shock today would have a smaller impact on CPI than it did in 2011 as CPI weights would adjust to reflect the temporary change in purchasing patterns. Food and non-alcoholic beverages account for 15.75% of consumer price inflation, the second-largest component.“We utilize scanner data to effectively re-weight the products each quarter,” says Randal Markey, an official at the ABS. “The method we use captures substitution within expenditure classes, switching bananas for apples, but not across expenditure classes, e.g. switching bananas for broccoli.”Back at Paddy’s Markets, Peter, who has seen plenty of price shocks in his four decades, reckons rises in certain items like cauliflower, lettuce and avocados will prove short lived.“Australia is a vast country and it doesn’t take long before other regions that were unaffected can fill in the gaps,” he said.That suggests Governor Lowe shouldn’t get too attached to a stronger inflation reading. It’s unlikely to last.(Updates with economists’ estimates in ninth paragraph.)\--With assistance from Tomoko Sato.To contact the reporter on this story: Alexandra Veroude in Sydney at averoude4@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Michael Heath, Malcolm ScottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
