The Latest Breaking News from Citi

Citi Reiterated Neutral Rating On Intel, AMD - Read Why

Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi's expectation of up 29% due to demand deceleration.  This is the fifth consecutive month where notebook shipments were below expectations. 

Benzinga · Jun 13, 2022

Cosmetics Maker Revlon Nears Chapter 11 Filing

Revlon Inc. is preparing to file for chapter 11 protection as soon as this week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and supply-chain pressures, people familiar with the matter said.

Bangkok Post · Jun 12, 2022

Here's Why Citi Is Incrementally Bullish On FleetCor, WEX

Citi analyst Peter Christiansen expressed incremental bullishness on FleetCor Technologies, Inc (NYSE:FLT) and WEX Inc (NYSE:WEX), lifting estimates and target prices on both, given rising fuel prices and solid demand signs.  As a reminder, the incremental flow-through on higher fuel was highly margin-accretive.  Christiansen upgraded WEX from Neutral to Buy on higher fuel and increased…

Benzinga · Jun 10, 2022

Citi Aggressively Chases Growth In Asia, Especially China Amid Odds

In an interview with Reuters, Citigroup, Inc (NYSE:C) Asia chief shared plans to appoint 3,000 new employees for its Asia institutional business in the next few years. Asia became a battlefield for global banks chasing its vast economies, growing wealth, and relative growth beat most other places. Peter Babej saw the accumulated wealth…

Benzinga · Jun 7, 2022

Citigroup Looks To Hire Over 4K Tech Specialists To Tap Pandemic Induced Digital Boom

Citigroup, Inc (NYSE:C) looks to hire over 4,000 tech staff to help shift its institutional clients online following the pandemic, Bloomberg quoted from an interview with Jonathan Lofthouse. The head of markets and enterprise risk technology acknowledged that over 1,000 recruits would join the market technology team under an aggressive growth strategy. It…

Benzinga · Jun 6, 2022

Citi's Fat-Finger Gaffe Could Cost It Over $50M

Citigroup, Inc (NYSE:C) could cough up losses of over $50 million following a London-based worker's fat-finger trade, causing a flash crash in European stocks in May, Reuters reports. Citi is still tallying losses from the erroneous trade, and the final figure could further mount. A trader in the London's Delta One trading…

Benzinga · Jun 3, 2022

Shocking moment a gust of wind almost knocked over world's 7th tallest building

In 1978 an undergraduate student at Princeton University cold called an architect’s office and helped prevent one of the world’s tallest buildings from being knocked over in New York

Daily Mirror · May 28, 2022

Should You Use a Credit Card Travel Portal?

Some credit cards come with travel portals, where you can redeem points and miles for trips. Is it the best option?

Kiplinger · May 26, 2022

3 Warren Buffett Bank Stocks That Yield More Than 3%

Concerns over heightened inflation pressures and the Federal Reserve's aggressive interest rate hikes have increased volatility. Given recession concerns, dividend stocks ensure a regular income stream and could be wise. Thus, Warren Buffett's dividend-paying bank stocks, The Bank of New York (BK), Citigroup (C), and U.S. Bancorp (USB), could be…

StockNews.com · May 23, 2022

Here's Why Citi Remains Bullish On Amazon Despite Knocking It Off Focus List

Citi analyst Ronald Josey considers Amazon.com Inc (NASDAQ: AMZN) vulnerable to softening consumer spending trends.

Benzinga · May 20, 2022