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2023-06-23 10:45:10 ET Summary Dodd-Frank Act Stress Test (D-FAST) results are coming soon, but likely will have fewer surprises as banks have learned to navigate the process more smoothly. The bigger changes for banks are likely to come later, as the Fed contemplates new rules ti...
2023-06-22 17:14:00 ET Summary This Buffett holdings list from Kiplinger first appeared 5/20/23 on line. YCharts and Dogs of The Dow both track this Buffett/Berkshire batch. Here is your update from 6/20/23 YCharts data. 32 of 48 current Berkshire-Hathaway-owned-stocks pay dividen...
Citigroup will issue its second quarter results via press release at approximately 8 a.m. (ET) on Friday, July 14, 2023. At 11 a.m. (ET), results will be reviewed via live webcast and teleconference. The press release, webcast and presentation materials will be available at https://www.citi...
2023-06-21 08:42:23 ET JPMorgan Chase ( NYSE: JPM ) was said to have laid off about 20 investment bankers in Asia, joining other Wall Street giants in cutting costs and reducing headcount as dealmaking remains at a standstill. The reductions impacted mostly junior staff at assoc...
2023-06-20 19:30:00 ET Summary Following the bankruptcies of SVB and First Republic, many have voiced their disdain for bank stocks ~ I believe bankruptcies spell opportunity. Bank of America struggled mightily following the 2008 financial crisis. But Brian Moynihan and Dodd-Frank...
2023-06-20 07:59:40 ET Morgan Stanley reset ratings in the food service sector on Tuesday with US Foods ( NYSE: USFD ) being upgraded to Overweight from Equal-weight and Performance Food Group ( PFGC ) landing a downgrade to Equal-weight. Sysco ( SYY ) was kept rated at Equa...
2023-06-18 10:00:00 ET Summary Citigroup has recovered by over +12% since the banking crisis, with its well-diversified portfolio ensuring the stickiness of its multinational client base. The bank has also narrowed its operating efficiency to 68.6% and adj ROTCE to 9.3%, nearing i...
2023-06-17 08:00:00 ET Summary Citigroup stock is still undervalued relative to its financial sector peers. It underperformed its peers for many years. However, I gleaned that the tide is potentially turning. The bank has made plans for life after the Fed's unprecedented rate hike...
2023-06-16 11:35:20 ET Summary Citigroup presents a unique investment opportunity with a mix of risk and potential reward due to its low price-to-earnings and price-to-book ratios. The appearance of an inverted head and shoulders pattern is indicative of a bullish trend, hinting a...
Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide. ...
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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...