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2023-05-17 16:32:49 ET Citigroup ( NYSE: C ) said Wednesday it will redeem $1.25B of its 4.044% fixed rate/floating rate notes due 2024 and $1B of its floating rate notes due 2024 on June 1. The cash redemption price will equal par plus accrued and unpaid interest, to but ...
Citigroup Inc. is announcing the redemption, in whole, constituting $1,250,000,000 of its 4.044% Fixed Rate / Floating Rate Notes due 2024 (the “fixed rate / floating rate notes”) (ISIN: US172967LZ20), and the redemption, in whole, constituting $1,000,000,000 of its Floating Rate No...
2023-05-17 16:03:00 ET Summary Wells Fargo agreed to pay $1 billion to settle a lawsuit claiming it gave false and misleading statements about its attempts to clean up after a string of mis-steps and scandals. Wells Fargo is paying disgruntled investors who say former executives m...
2023-05-17 08:55:41 ET Blockchain and crypto company Ripple has acquired Swiss startup Metaco to expand into digital asset custody and tokenization technology as well broaden its geographical reach, the company said Wednesday. With the acquisition, Ripple is seeking to capitalize on inc...
2023-05-16 17:41:50 ET Summary Higher rates and wider spreads will help Citigroup raise its interest income. Sale of assets in Mexico will help improve capital ratios. Stock buybacks at this cheap valuation should put a floor on the stock price. Overview I believ...
2023-05-16 10:49:06 ET Summary Citigroup has long been plagued by issues dating back to the great financial crisis. However, the recent regional banking crisis has proved a boon for large banks such as Citi. We believe the new vision of management is showing signs of success. ...
2023-05-16 09:08:53 ET Summary Citigroup is making concrete moves to streamline its business and become more profit-centric. Financials are healthy, the valuation is attractive, and margins are improving. C stock pays an attractive 4.5% yield and has lots of excess capital to ...
2023-05-16 04:35:04 ET Summary Berkshire Hathaway's 13F stock portfolio value increased from ~$299B to ~$325B. Their largest three holdings are at ~63% of the entire portfolio. Berkshire Hathaway added Capital One Financial while dropping Bank of New York Mellon, RH Inc., Taiw...
2023-05-15 16:24:22 ET Summary Citigroup shares appear to be cheap and offer compelling value. Berkshire Hathaway's investment in Citigroup last year offered more support to the bull case. And yet, Citigroup is still unable to close its massive gap to book value. In fact, it's...
2023-05-15 14:28:27 ET Citigroup ( NYSE: C ) credit card master trust delinquency rate declined slightly in April to 1.14% from 1.17% in March, remaining well below its 1.61% level in the prepandemic level of April 2019. The Citibank Credit Card Master Trust I's net charge-off...
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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...