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2023-03-10 16:20:13 ET Axsome ( NASDAQ: AXSM ) Therapeutics closed down Friday ~6% , and is down another 2% in post-market trading after saying it has "material" deposits with both FDIC-shuttered SVB Financial ( SIVB ) and Citi ( C ). In an SEC filing, the ...
2023-03-10 09:40:08 ET Summary SVB Financial triggered significant concerns about bank funding and liquidity when it announced multiple moves intended to improve asset sensitivity and raised capital on dilutive terms. Bank of America, JPMorgan, and Wells Fargo aren't immune to the...
2023-03-09 17:52:19 ET Entrenched concerns about the Federal Reserve weighed on stocks again on Thursday, as the major U.S. equity averages resumed losses seen earlier in the week. With investors looking ahead to Friday's monthly employment report, the S&P 500 dropped 1.9%. Financia...
2023-03-09 06:31:00 ET High-growth tech stocks were the stock market's red-headed stepchildren amid the Federal Reserve's struggles to flight inflation in 2022. The tech-heavy Nasdaq Composite index fell 33% last year, far deeper than the broader S&P 500 index's 19% drop. 20...
2023-03-08 21:26:13 ET Citigroup Inc. (C) RBC Capital Markets Global Financial Institutions Conference March 08, 2023, 03:20 PM ET Company Participants Mark Mason - CFO Conference Call Participants Gerard Cassidy - RBC Capital Markets Presentation ...
2023-03-08 13:23:14 ET Summary Yesterday, Chairman Powell signaled more rate hikes are required to tame this stubborn spell of inflation. The entire yield curve has moved up, and notably, during FY 2023. On December 13, 2022, Howard Marks penned a compelling piece - Sea Change. Hi...
2023-03-07 21:12:54 ET Summary ValueAct’s 13F portfolio value decreased from $5.90B to $5.31B this quarter. ValueAct increased New York Times while dropping Citigroup and TopBuild. The top three positions are Fiserv, KKR, and CBRE, and they add up to ~62% of the portfol...
2023-03-07 16:13:07 ET Financial sector stocks led the broader market down in Tuesday trading after Federal Reserve Chair Jerome Powell warned that the central bank may have to reaccelerate the pace of interest rate hikes to deal with inflation. The Financial Select Sector SPDR ...
2023-03-06 23:01:05 ET Summary Kahn Brothers’ 13F portfolio value increased from ~$642M to ~$760M this quarter. Most of the stakes saw minor adjustments during the quarter. The portfolio continues to be very concentrated with the top five positions accounting for ~49% o...
2023-03-06 09:06:35 ET Summary Citigroup has been underperforming the big money-center banks for some time, which has created a super-low relative valuation. Rising net interest income, record cash holdings, and lower-than-normal leverage ratios point to conservative income genera...
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Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by NIP Group Inc. (“NIP”) for its American Depositary Receipt (“ADR”) program. NIP is a leading Chinese esports organization with an expansive global footprint that spans Asia, E...
2024-07-30 09:00:15 ET Betsy Graseck from Morgan Stanley issued a price target of $79.00 for C on 2024-07-30 08:05:00. The adjusted price target was set to $79.00. At the time of the announcement, C was trading at $64.3. The overall price target consensus is at $68.92 wi...
Citi today announced the launch of its annual CitiFX Vendor Review, which provides the broadest view of FX vendors and a comprehensive analysis of the FX landscape for the benefit of clients and FX providers. The review highlights where strategic venue and vendor partners can improve based on...