C News and Press, Citigroup Inc. From 02/14/24

Today, Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree. The proof of concept, which was conducted on the Avalanche Spruce institutional test Subnet, found that smart-contract capabilities...

2024-02-14 08:51:02 ET More on Citigroup Citigroup: Invest Alongside Buffett In This Turnaround Story Citigroup: Q4, Only A Restructuring Play Right Now Citigroup: Here's Why I'm A Fan Of Q4 Results, Despite The Bank Losing $1.8 Billion Piper Sandler upgrades...

2024-02-14 05:15:18 ET Piper Sandler has upgraded Citigroup ( NYSE: C ) to overweight from neutral, citing increased confidence in the U.S. bank's outlook.... Read the full article on Seeking Alpha For further details see: Piper Sandler upgrades Citigroup to Overweig...

2024-02-13 12:55:04 ET Summary The John Hancock Preferred Income Fund offers a high level of income, with a current yield of 9.21%, comparable to junk bond and leveraged loan funds. The HPI closed-end fund has not cut its distribution despite the decline in the value of preferred ...

2024-02-13 09:47:09 ET Citigroup Inc (C) C is trading DOWN for the last 4 days, and it at trading at $52.62 with volume of 4,254,783 and a one day change of $-1.30 (-2.41%). Citigroup Inc has a 52-week low of 38.17 and a 52-week high of $57.95. The business's 50-day moving average p...

2024-02-12 12:28:00 ET Summary Uber, Lyft drivers in U.S. and Canada are planning to protest on Valentines day in wake of recent deactivations, low pay. Rivian downgraded to Equal Weight at Barclays; Citi upgrades Pepsi to Buy. Goldman Strategist David Kostin raises his S&...

2024-02-12 07:44:50 ET More on Citigroup Citigroup: Invest Alongside Buffett In This Turnaround Story Citigroup: Q4, Only A Restructuring Play Right Now Citigroup: Here's Why I'm A Fan Of Q4 Results, Despite The Bank Losing $1.8 Billion Citigroup said to weig...

2024-02-11 07:50:00 ET In recent weeks, bank stocks have been on a tear. The Federal Reserve signaled an intention to stop rate hikes, and many believe rate cuts will soon be on the horizon. That should help banks underwrite more loans at more affordable interest rates. The recent rally...

2024-02-08 11:04:36 ET More on Citigroup Citigroup: Invest Alongside Buffett In This Turnaround Story Citigroup: Q4, Only A Restructuring Play Right Now Citigroup: Here's Why I'm A Fan Of Q4 Results, Despite The Bank Losing $1.8 Billion Citibank sued by New Y...

2024-02-08 08:10:00 ET Summary We recently purchased shares of Merchants Bancorp. MBIN has compounded its tangible book value 30% annually for the last five years. MBIN, at our purchase price of five times earnings, carries one of the lowest multiples in the entire sector. ...