|Bid||52.46 x 1000|
|Ask||52.47 x 1100|
|Day's range||49.46 - 52.59|
|52-week range||32.00 - 83.11|
|Beta (5Y monthly)||1.82|
|PE ratio (TTM)||7.18|
|Earnings date||14 Jul 2020|
|Forward dividend & yield||2.04 (4.13%)|
|Ex-dividend date||01 May 2020|
|1y target est||69.25|
Trading revenues are likely to have supported Citigroup's (C) Q2 earnings amid lower interest rates and the coronavirus outbreak-led uncertainties.
U.S. stocks are set to open lower Friday, amid continuing concerns about the growth of coronavirus cases and its impact on the prospects for economic recovery ahead of the upcoming earnings season. At 7:10 AM ET (1110 GMT), S&P 500 Futures traded 5 points, or 0.2%, lower, Nasdaq Futures down 5 points, or 0.1%. The Dow Futures contract fell 55 points, or 0.2%.
Citi, acting through Citibank N.A., has been appointed by Amryt Pharma Plc ("Amryt") – a global, commercial-stage biopharmaceutical company dedicated to commercializing and developing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases – to act as depositary bank for its American Depositary Receipt ("ADR") programme.
Citigroup (C) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP) -- a list that includes some of the hottest names in the tech startup world, including Bolt Mobility, Getaround, Luminar, Stackin, TuSimple and Velodyne. The list also provides the number of jobs that each company said it plans to retain as a result of the funds. The $2 trillion CARES Act passed by Congress and signed by President Trump, included PPP loans designed to provide a direct incentive for small businesses to keep their workers on the payroll.
Citigroup (NYSE: C) is woefully undervalued and its stock price is set to at least double before long, according to a senior analyst at prominent financial services firm Oppenheimer. This was done in the realistic anticipation that borrower defaults will rise significantly amid the extended fallout from the economic disruption wrought by the coronavirus pandemic. Additionally, the Fed ordered banks to suspend share repurchases for Q3, although that mandate will have less of an impact because many top institutions had already decided to halt stock buybacks.
Zoom etiquette classes, digital job shadowing and online scavenger hunts await the thousands of students who begin Wall Street’s first year of virtual internships on Monday. Goldman Sachs, Citigroup and JPMorgan Chase all welcome their summer cohorts this week and will seek to capture the essence of one of Wall Street’s oldest rites of passage — in a world where interns cannot step foot in their offices. The coronavirus pandemic has disrupted the traditionally immersive — and highly-competitive — experience of banking internships, where eager twenty-somethings learn technical skills and get hands-on experience, all while trying to convince senior executives to hire them full-time.
Citigroup's <C.N> commodity business soared to record revenues in the first quarter, mainly due to sharp swings in prices such as oil during the COVID-19 pandemic, an executive said. Trading activity has levelled off recently, but there was still strong interest in structured deals, such as financing of base metals, Jose Cogolludo, global head of commodities, told a webinar. "We've seen a record level of client activity in the first quarter and that extended to April," Cogolludo said, without providing figures.
Citigroup <C.N> is planning to hire more bankers in Saudi Arabia for its direct custody business after adding more than 20 for onshore capital markets in the last two years, its Europe, Middle East and Africa head said. The bank, which following a 13-year hiatus returned to Saudi Arabia in 2018 after being granted a capital markets licence, said last year it would also expand its direct custody and clearing services to the oil-rich kingdom. David Livingstone told a conference on Thursday that while there was no set time-table for the lender to obtain a full banking licence in Saudi Arabia, the outlook for financial sector activity is positive.
Bloomberg News reported the news earlier on Wednesday. Citi will delay plans to bring back a small percentage of workers in 13 states, the Bloomberg report said, citing a person with knowledge of the matter.
Citigroup (C) to expand commercial banking operations in the Nordics to grab opportunities and cater to clients' needs amid the coronavirus pandemic.
Former CFPB head Richard Cordray says Monday's Supreme Court ruling would mean quick removal of the agency's Trump-appointed director if the Democrats win the White House.
Citigroup (C) to maintain steady payment of dividends over the next quarter and thereafter, with its solid capital and liquidity position amid the coronavirus crisis.
Citi has announced the expansion of its commercial banking business (CCB) in the Nordics, appointing Mariève Gauthier as Nordic Head of Commercial Banking.
The Federal Reserve Board communicated that Citi’s interim Stress Capital Buffer (SCB) requirement would be 2.5% for the four quarter window of 4Q 2020 – 3Q 2021. Incorporating this SCB, and a GSIB surcharge of 3%, results in a minimum regulatory requirement of 10% for both Standardized (using SCB) and Advanced (using the Capital Conservation Buffer – "CCB") Approaches relative to Citi’s Common Equity Tier 1 ratio of 11.2% using Advanced Approaches as of the first quarter of 2020.
Not everyone in the market is buying hand over fist. Interactive Brokers founder and chairman Thomas Peterffy joins Yahoo Finance to discuss markets.
Citi today announced that Citi and the Citi Foundation have committed more than $100 million to date in support of COVID-19-related community relief and economic recovery efforts globally. This includes more than $35 million in new funding, adding to the previously announced $65 million in grants and charitable contributions to deliver ongoing relief and support for longer-term economic recovery in communities impacted by the global pandemic. These contributions include $2 million from Citi employees through a donation matching program.
Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought by COVID-19. There has been a flurry of recent domestic deals, such as Turkey's fund injecting 21 billion lira ($3.1 billion) into three state banks and Temasek supporting a $1.5 billion rights issue by Sembcorp Marine. While the lion's share of sovereign fund investments is still overseas, domestic deals are on the rise.
Citi today released certain disclosures required by the rules of the Federal Reserve Board and the Office of the Comptroller of the Currency in connection with the 2020 annual supervisory stress tests. This information may be found on Citi's website at www.citigroup.com/citi/investor.
The Fed will bar big banks from increasing their dividend payments, following the central bank’s annual stress tests that included a “sensitivity” analysis incorporating the impact of the COVID-19 crisis.