Citi analyst Keith Horowitz on Wednesday upgraded Truist Financial Corp. TFC to buy despite headwinds in the market on earnings challenges and potential regulatory action. Horowitz said Truist stock n...
Tag: Citi
Depositors Flock to JPMorgan & Citi After SVB, Signature Closure
With the demise of Silicon Valley Bank and Signature, customers are flocking to major US banks like JPMorgan and Citigroup to transfer money from smaller lenders. According to executives cited by The ...
Citi sees a 35% upside in this aluminum stock
Alcoa Corp (NYSE: AA) down about 45% versus its record high last year is an opportunity to buy a quality name at a deep discount, says Alexander Hacking – Equity Research Analyst at Citigroup. Alcoa s...
Citi nears sale of Mexican bank Banamex despite state interference
Citigroup is nearing the sale of its Mexican retail bank in a deal that could value it at up to $8bn despite government interference scaring off potential bidders and driving down the price of the uni...
Citi Dropped from Texas $3.4 Billion Muni Deal on Gun Policy
(Bloomberg) — Citigroup Inc. has been dropped from the group of banks poised to handle the biggest-ever municipal-bond transaction from Texas after the state’s attorney general’s office determin...
Citi sees another 20% upside
Shares of FedEx Corp (NYSE: FDX) are trading up this morning after a Citi analyst turned bullish on the multinational package delivery company. FedEx is cutting jobs to minimise costs Christian Wether...
Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.
Shares of hydrogen and fuel cell technology company Plug Power took a hit after the company gave a disappointing update about how 2022 finished off. But Wall Street is still bullish about 2023. Wednes...
Citi Says Market Upside Is Limited Now, but These 2 Stocks Could Outperform
Given the current macroeconomic backdrop, the S&P 500 has little room for further gains. That is the opinion of the analysts at Citi, who in a recent note claimed the bellwether index is reaching ...
Citi is ordering its low-performing remote workers back to the office. That could be a bad sign for quiet quitters.
While Citibank promotes flexible work arrangements, workers who aren’t performing well when at home will be ordered back to their cubicles, CEO Jane Fraser told Bloomberg’s David Westin at the World E...
Stock-market rally looks ‘unsustainable’ as S&P 500 enters ‘new, lower valuation regime,’ warns Citi
This year’s stock-market rally has pushed the S&P 500 index to valuation levels that make it difficult for the index to climb much higher based on the current macroeconomic environment, according ...
Citi Says Solana Blockchain Activity Remains High
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JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.
DraftKings doesn’t get enough credit from the market, says one Citi analyst, citing the company’s ability to grow as more states legalize online sports betting. In a research note issued Thursday, Cit...
Citi Downgrades Robinhood’s Stock From Buy to Neutral
Exchange News The analyst said the timeline is “uncertain” at this point. Shares of HOOD had their price objective cut by Christopher Allen and Ygal Arounian. Robinhood Markets (HOOD) stock was downgr...
Citi Downgrades Robinhood Stock to Neutral, Cites FTX Fallout Concerns
Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and t...
Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue
The collapse of FTX and the resulting fallout has a number of potential implications for Robinhood, the report said. These include the potential liquidation of 56.3 million shares owned by FTX founder...
This telemedicine stock could shoot up 60%: Citi
Goodrx Holdings Inc (NASDAQ: GDRX) ended nearly 20% up on Thursday after a Citi analyst issued a bullish note on the California-based telemedicine company. Goodrx stock has upside to $7.0 a share Dani...
The best-performing sector in 2022 is not finished crushing it, says Citi, offering three stocks to buy
You can count on it, says our call of the day provided by Citigroup, though they say investors can’t expect as lofty returns. “We see market rotation into energy equities as having further to run, eve...
Citi Analyst Joseph Ayoub Explained Market Risks After FTX Collapse
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Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure – Featured Bitcoin News
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount...
New York Fed, several big banks testing ‘regulated liability network’
The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
DLT is Becoming Mainstream Among Financial Market Participants – Citi
According to a recent white paper by American multinational investment bank, Citi, the mainstream adoption of distributed ledger technology (DLT) is now growing rapidly among the financial market infr...
Traders are loading up on bets against the stock market — and this time, it’s not a contrarian signal, says Citi
Markets continue to absorb the reverberations from this week’s Federal Reserve policy decision. The S&P 500 SPX has given up a chunk of its latest rally after Chair Jerome Powell suggested it was ...
Citi Says Ether May Be Moving Toward a Deflationary Future
Recent moves in the price of ether look to be driven by derivatives markets. Open interest has risen to the highest levels since April, when the cryptocurrency was trading at around $3,000, the note s...
Market Participants Believe Shorter Settlement Cycles are on the Horizon, Citi Survey Shows
LONDON–(BUSINESS WIRE)–A Citi survey shows market participants around the world increasingly believe that shorter settlement cycles will become reality. The second edition of Citi’s “Securities Servic...
XPeng stock sinks toward 11th-straight weekly decline after Citi swings to bearish from bullish
Shares of XPeng Inc. XPEV, -6.39% sank 7.5% toward a record low in afternoon trading Friday, after Citi Research analyst Jeff Chung swung to bearish from bullish on the China-based electric vehicle ma...
(Rejected) Citi Ventures Makes First Crypto Investment in Hong Kong-Based Digital Asset Manager
Xalts, a Hong Kong-based digital-asset management firm, has raised US$6 million in a capital financing round co-led by Citi Ventures and a California-based venture-capital firm Accel. While this is t...
FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues – Economics Bitcoin News
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback....
Citi survey shows ‘further signs of potential weakening demand’
Pummeled software stocks may not get much of a reprieve as signs emerge on another leg down in demand from big corporations. A new survey of CIOs from Citi on Thursday found that IT spending trends co...
CrowdStrike’s Latest Earnings Convince Analyst It’s a Top Cybersecurity Stock
CrowdStrike’s strong fourth-quarter earnings and upbeat guidance underlines its status as one of the top performing software security names, according to one analyst. D.A. Davidson analyst Rudy Kess...