|Bid||76.31 x 2900|
|Ask||76.47 x 2200|
|Day's range||76.06 - 77.83|
|52-week range||48.42 - 77.83|
|Beta (5Y Monthly)||1.81|
|PE ratio (TTM)||10.13|
|Earnings date||14 Jan 2020|
|Forward dividend & yield||2.04 (2.65%)|
|1y target est||84.69|
Russia’s central bank has cut interest rates by 25 basis points to 6.25 per cent, the fifth rate cut this year as officials try to revive a moribund economy. The cut on Friday took Russia’s interest rate to its lowest level since before the 2014 Russian financial crisis, when governor Elvira Nabiullina raised it to 17 per cent and switched the rouble to a free float. The central bank said it expected inflation, which dropped from 3.8 per cent to 3.5 per cent last month, to fluctuate between 3.5 per cent and its target of 4 per cent next year, then remain at around 4 per cent the year after.
HONG KONG/SYDNEY, Dec 13 (Reuters) - Investment bankers the world over are paying close attention to court hearings in Sydney in a landmark legal case that alleges cartel activity by Citigroup and Deutsche Bank employees, with JPMorgan witnesses appearing for the prosecution. Australian authorities filed criminal charges in June 2018 against the local units of Citigroup, Deutsche Bank , Australia and New Zealand Banking Group and six bankers over a A$2.5 billion stock sale.
SYDNEY/HONG KONG (Reuters) - Citigroup Inc and Credit Suisse Group AG have dropped out of the U.S. initial public offering of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said. Earlier filings had named Citigroup and Credit Suisse, but both walked away over the past few days because they could not agree an achievable valuation with Ucommune, the people said, declining to be identified because the information was private.
Saudi Aramco’s shares rose 10 per cent during its second day of trading on Thursday, pushing the state oil group’s valuation above $2tn. Shares climbed by the maximum daily limit to SR38.7 before profit-taking pushed the price down, according to the website of Riyadh’s Tadawul stock exchange. for the company has long been sought by Saudi Arabia’s ambitious Crown Prince Mohammed bin Salman, and Riyadh has worked to backstop the flotation to ensure its success.
The Swiss National Bank warned on Thursday against the politicisation of monetary policy with climate change activism, even as it sought to damp public disquiet over its now five-year-old policy of negative interest rates. In its final quarterly monetary policy assessment of the year, the SNB said it would maintain rates at minus 0.75 per cent, warning of a highly “fragile” environment for the Swiss franc and perilous consequences for Swiss manufacturing and exporters should the currency be allowed to appreciate. Just weeks after Christine Lagarde floated the possibility of the European Central Bank taking a more active approach in combating climate change, however, the SNB rejected the notion that its financial clout should be used for anything other than monetary policy.
Fed Chairman Jerome Powell said Wednesday that the Fed could "adjust the details" of its balance sheet policies and repo operations to prevent another flare-up in money markets.
UBS Group's (UBS) plea to dismiss a U.S. government lawsuit accusing the bank for making investors' suffer "catastrophic" losses in residential mortgage-backed securities (RMBS) has been annulled.
Citi Private Bank Law Firm Group and Hildebrandt Consulting today released their 2020 Citi Hildebrandt Client Advisory, which establishes the broad landscape for the law firm industry, how firms are responding to industry challenges and their best opportunities for growth in the year ahead.
Bank of America chief executive Brian Moynihan has joined a chorus of US bankers predicting a strong end to the year for trading and investment banking. Mr Moynihan told investors on Wednesday that the two divisions would record higher fourth-quarter revenues than a year earlier, a day after upbeat remarks from senior executives at Citigroup, JPMorgan Chase and Goldman Sachs. fourth quarter in some of Wall Street’s biggest businesses in 2018, including double-digit percentage declines in fixed-income revenues at each of the big five banks in a period when investment banking revenues also fell for all major players except JPMorgan.
When it comes to investing in bank stocks, a flattening yield curve, Fed rate cuts and illiquid capital markets are typically considered red flags that send investors running for the hills.
Citi, together with a syndicate of international banks, completed a £625 million term loan facility with Jaguar Land Rover Automotive plc in October this year. The facility is backed by a £500 million guarantee from UK Export Finance under its new General Export Facility programme (GEF).
LONDON/ZURICH, Dec 6 (Reuters) - Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer's biggest deal to date as it bulks up on policies closed to new customers. The deal comes after ReAssure, which like Phoenix specialises in closed life insurance books, shelved a planned initial public offering (IPO) earlier this year. By consolidating the closed books of business, Phoenix aims to run them more efficiently.
India’s central bank left its benchmark interest rate unchanged on Thursday as policymakers grapple with the need to boost a slowing economy while curbing a rise in inflation that risks spurring social unrest.
Citi (NYSE:C) has appointed electronic trading platform provider Rapid Addition as one of its core FIX platform partners for currency trading, based on the company’s latency performance and scalability to meet business requirements. Citi has integrated the Rapid Addition FIX engine, as well as the Rapid Addition Hub platform, in to its new pricing technology for spot foreign exchange transactions, which clients can connect to in co-locations across London, Tokyo, New York, and Singapore. The Rapid Addition FIX engine delivers market-leading speed for low latency trading, while the Rapid Addition Hub platform delivers scalability in client on-boarding and configuration.
Investing.com – Netflix (NASDAQ:NFLX) needs to up its subscription prices in order to justify its current valuation, which is running too hot, Citigroup (NYSE:C) said as it cut its outlook on the streaming-media giant.