|Bid||65.05 x 1800|
|Ask||65.10 x 800|
|Day's Range||64.89 - 65.93|
|52 Week Range||48.42 - 75.24|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||9.47|
|Earnings Date||Jul 15, 2019|
|Forward Dividend & Yield||1.80 (2.55%)|
|1y Target Est||79.92|
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Bahrain-based alternative investment manager Investcorp has mandated Citi and JPMorgan to coordinate the refinancing of a $400 million loan, sources familiar with the matter said on Sunday. Founded in 1982, Investcorp is one of the oldest Middle Eastern private equity houses. As of the end of last year, it had $22.5 billion in assets under management.
The Consumer Financial Protection Bureau has filed a lawsuit against a New York debt collection firm that sues on behalf of creditors including Discover Financial Services and Citi for filing collection lawsuits against consumers without meaningful attorney involvement. The CFPB lawsuit against Forster & Garbus alleges the firm has used nonattorney support staff, automation, and both a cursory and deficient review of account files to attempt to collect more than 99,000 debts, collecting substantial sums of money from consumers who may not actually owe debts or may not owe debts in the amounts claimed. The CFPB is seeking an injunction against Forster & Garbus, as well as damages, redress to consumers, disgorgement of ill-gotten gains, and the imposition of a civil money penalty.
Carlson Capital is a Dallas, Texas-based multi-strategy alternative hedge fund that provides additional offices in Houston, New York City, Palm Beach Gardens, Greenwich, and London. It was founded by Clint Carlson back in 1993 and grew big since then, now managing more than $7 billion in hedge fund and CLO assets. Prior to launching his […]
Liz Truss: anti-wealth objection This week’s Brexit and Beyond conference, put on by the FT, was predictably downbeat as panellists debated the chaotic building site that Leave negotiations have become. ...
Rating Action: Moody's assigns A3 Issuer Rating to Citigroup Inc. New York, May 16, 2019 -- Moody's Investors Service has assigned an A3 issuer rating with stable outlook to Citigroup Inc., (Citigroup) in line with Citigroup's A3 senior debt ratings. Issuer ratings are opinions of the ability of banks to honor senior unsecured debt and debt-like obligations.
BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of benchmarks used in many day-to-day financial transactions, further damaging the industry's fragile reputation after the financial crisis.
Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on foreign-exchange trading strategies. Citigroup was hit hardest with a 310.8 million-euro penalty, followed by fines of 249.2 million euros and 228.8 million euros for RBS and JPMorgan, the European Commission said in a statement on Thursday.
Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies. Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission. A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion.
The lender is expanding its team in Riyadh after getting regulatory approval last month to start cash-equities trading and custody services, Chief Country Officer Carmen Haddad said in an interview. MSCI Inc.’s move to include Saudi stocks in emerging-market indexes will boost trading, and Citigroup wants to be ready, she said. “We’ve had about 14-15 people on the ground and that will grow to about 20 this year,” Haddad said.
Citi’s Issuer Services business, acting through Citibank, N.A. has been appointed by Jiayin Group Inc. , a Cayman Islands exempted company with operations in China, as the depositary bank for its American Depositary Shares program.
The New York-based banking giant said it's pairing with Paytm — a unit of One97 Communications of India — for the new card.
Citigroup Inc on Wednesday named senior executive Marc Luet as the head of its Australia business, at a time when the local units of global banks are facing cartel charges in the country. Australian authorities filed criminal charges in June last year against Citi, Deutsche Bank, Australia and New Zealand Banking Group and six senior bankers over the sale of A$3 billion ($2.07 billion) in ANZ shares in 2015, and subsequent trading by the underwriters. Citi said Luet as chief executive officer would report to Tim Monger, interim CEO of the bank's Asia Pacific business.
The Atlanta Federal Reserve recently forecast real gross domestic product at 1.6%, and a Citigroup Inc. basket of economic indicators has fallen to its lowest level since the financial crisis, Gundlach said on an asset-allocation webcast Tuesday. The probability of a recession in the next two years “would be extremely high,” Gundlach said.
Citigroup Inc (NYSE: C) is betting big the future of banking is digital, and consumers appear to agree with the strategy, according to The Wall Street Journal. Citigroup is shrinking its physical footprint and focusing on offering a complete digital banking experience, WSJ said. Despite lowering its physical footprint at a faster rate than its peers, Citigroup is attracting new clients and increasing consumer deposits through its digital banking platform, Tigress Financial Partners' Ivan Feinseth said in his daily newsletter.
India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country. The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India where companies from Alphabet Inc-owned Google to Walmart-owned PhonePe, are all scrambling to grab a piece of the digital payments pie that is projected to grow to $500 billion by 2020, according to the Boston Consulting Group.
Citigroup Inc NYSE:CView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for C with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting C. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding C totaled $9.17 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. C credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.