Citigroup analysts have cut their S&P 500 target for this year by 500 points to 4,200, after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates. “Fed hawkis...
Tag: Citigroup
Nexo Hires Citigroup to Advise on Potential Acquisitions
Nexo, a crypto lending platform based in Switzerland, announced on Wednesday that it has tapped Citigroup to advise it on the potential acquisition of other crypto firms hit by the recent market downt...
Nexo and Citigroup to explore consolidation of crypto lending space
Nexo is working towards consolidation of the crypto lending space as different players explore how best to protect retail investors in the crypto market. The leading crypto firm’s efforts have seen it...
Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.
Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S...
Stock Market Has a Very Bad Week. Why It Gets Worse Before It Gets Better.
After a three-year hiatus, the Golden State Warriors are the best team in basketball again—and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There’s a less...
Celsius hires Citigroup to handle financial difficulties
Celsius has reportedly hired banking giant Citigroup to advise it in an attempt to find possible solutions to its financial problems. Citigroup will act as financial advisor to Celsius This was revea...
Celsius Hires Citigroup Bank as Advisors to Find Solutions
Celsius has hired Citigroup in an “advisory capacity.” Celsius (CEL) was one of the most affected cryptocurrencies in the May market crash. It continues to plummet in June following a large sell-off b...
Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’ – Bitcoin News
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financia...
Citigroup Goes on Hiring Spree Amid Layoffs in Tech and Crypto Industries
Citigroup has announced its intention to hire 4,000 new staff reversing the trend of layoffs in the industry. The company noted that the move was made to keep up with the digital demands of institutio...
Citigroup Trader Went Through Several Alerts on ‘Fat Finger’ Trade
A Citigroup Inc. C -2.10% trader who sent European stock indexes into free fall last month was working from home and went through several alerts before his order went live, people familiar with the ma...
Below Book Value In The Berkshire Hathaway Fund
“Omaha, Nebraska on the map.” getty Berkshire Hathaway BRK.B is showing its Benjamin Graham roots with the recent purchase of 2 stocks now trading below book value. That’s just the sort of...
Why on earth did Warren Buffett swap Wells Fargo for Citigroup?
Warren Buffett’s personal affinity for the companies in his portfolio is often mixed with the harder-headed business decisions made by him or his managers. The Berkshire Hathaway chair appears to genu...
Walmart, Citigroup, Paramount and more
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Check out the companies making headlines in midday trading. Walmart — Shares fel...
Warren Buffett Dumps Wells Fargo, Picks Up Citigroup
Summary The guru entered eight new positions during the quarter, including two that were previously disclosed. He sold out of AbbVie ABBV , Bristol-Myers Squibb and Wells Fargo WFC . Warren Buffett (T...
Citigroup shares jump 7% after Warren Buffett reveals a near $3 billion stake in the struggling bank
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financi...
Walmart, Home Depot, Citigroup and more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earne...
Warren Buffett buys $3bn Citigroup stake in value-hunting stock splurge
Warren Buffett’s Berkshire Hathaway has made a big bet on Citigroup, as the legendary investor funnels some of the conglomerate’s mammoth cash hoard into stocks during this year’s market decline. Berk...
Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup
OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...
Talos Reaches Unicorn Status with $1.25B Valuation, Backing includes Citigroup, Wells Fargo, BNY Mellon
A $105 million Series B funding round led by some of the world’s leading banks puts crypto trading tech developer Talos’ valuation at $1.25 billion. Led by global growth equity firm General Atlantic, ...
‘Flash Crash’-Linked Trading Team at Citigroup to Be Overhauled
Sources cited by Reuters claim that Citigroup is reorganizing the leadership of one of the teams associated with a ‘flash crash’ that shook European stock markets. Located at its European ...
3 Signs Red-Hot Inflation Is Cooling Off
Text size Expectations for inflation are critical to how fast the Fed raises interest rates. Frederic J. Brown/AFP via Getty Images Good news about inflation is bubbling up even as the Federal Reserve...
Rates Are Rising and Stocks Are Taking a Beating. It Won’t End Soon.
Text size The market reacted violently to the Federal Open Market Committee, which hiked the federal-funds rate target by half a percentage point for only the second time this century. Spencer Platt/G...
Citigroup stock surged by almost 3% today: you can buy it here
The Citigroup stock has been on the rise since April 30 and it has maintained a strong bullish trend over the last five days with today being the best performing day. To help stock traders who want to...
Here’s how Citigroup sparked Monday’s flash crash in European markets
Citigroup (NYSE: C) has taken responsibility for a recent flash collapse that they claim was triggered by an error on the part of one of its traders. This error sent European markets reeling by up to ...
What the rising probability of a ‘growth scare’ means for the stock market, according to Citigroup
Recession worries are working their way into equities, according to Citigroup. A “mild recession in 2023” could lead to a drop of about 20% for the S&P 500 index from its late March high of around...
Citigroup Stock Just Got Downgraded Because Shares Might Have Peaked
Text size Citigroup shares are down more than 10% so far in 2022 Mario Tama/Getty Images Citigroup was downgraded by Credit Suisse after the stock’s recent rise on the view that it won’t go much highe...