Micron, Kohl's, Apple Fall Premarket; Nio Climbs
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, July 1st. Please refresh for updates. Micron (NASDAQ:MU) stock fell 4.9% after the chipmaker revealed a...
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Citigroup News & Analysis
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JPMorgan Piles On With Estimate Cuts Before Earnings: Tech Watch
(Bloomberg) -- Wall Street analysts are starting to cut earnings estimates for some of the world’s biggest technology companies, undermining the argument that their stocks look cheap after...
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Citigroup's Mexican unit draws bids from Banorte, Santander: Report
Citigroup Inc.'s efforts to sell its Citibanamex consumer banking unit in Mexico has drawn bids from Financiero Banorte and Banco Santander SA , Reuters reported on Tuesday. Citigroup CEO...
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Morgan Stanley, Spirit Airlines, Snowflake Rise Premarket; Nike Falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Tuesday, June 28th. Please refresh for updates. Nike (NYSE:NKE) stock fell 2.1% after the athletic footwear...
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Bank Dividends, Three Arrows Default, Nike 1Q, Lagarde - What's Moving Markets
By Peter Nurse Investing.com -- Several U.S. banks lifted dividends after clearing their stress tests, but hedge fund Three Arrows Capital defaulted on a crypto loan. Nike disappointed with...
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Morgan Stanley, BofA Send Money Back to Shareholders After Stress Tests
(Bloomberg) -- Morgan Stanley (NYSE:MS) and Goldman Sachs Group Inc (NYSE:GS). led the way as US banks boosted dividends and share buybacks in response to their success in clearing...
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The Tell: Citigroup cuts S&P 500 target to reflect blend of recession, ‘soft landing’ scenarios
Citigroup analysts have cut their S&P 500 target for 2022 by 500 points after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates.
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Citigroup Tried and Failed to Rally Banks to Pressure Gun Sellers
After the Parkland shooting in 2018, big banks didn’t see eye-to-eye on gun policies. Little has changed since.
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B. of A. and JPMorgan scored lowest on Fed’s bank stress test: analysts
B. of A. and JPMorgan scored lowest on Fed’s bank stress test: analysts
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The Ratings Game: Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Wall Street firms eye impact of stress tests on stock buybacks and dividends, with banks cleared to disclose capital-return plans next week
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Asian Stocks Up as Investors Evaluate Economic Outlook
By Zhang Mengying Investing.com – Asia Pacific stocks were up on Friday morning as investors evaluated the economic outlook and interest rates hike expectations. Japan’s Nikkei 225 gained...
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U.S. Fed 2022 Stress Test Results Suggest Banks Still Can Weather Severe Recession Comfortably
By Davit Kirakosyan Federal Reserve Board released the results of its annual supervisory bank stress test on Thursday, which assesses how large banks are likely to perform under a...
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U.S. Stocks Rise as Powell Heads Back to Capitol Hill
By Liz Moyer Investing.com -- U.S. stocks rose as investors tried to shake off recession fears as Federal Reserve Chair Jerome Powell appeared for a second day of testimony on Capitol...
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Citigroup sees chances of global recession nearing 50%
(Reuters) – Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the...
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Citigroup creates new Asia leadership structure – memo
By Scott Murdoch HONG KONG (Reuters) – Citigroup Inc has created a new regional leadership structure for its Asian business, according to a memo seen by Reuters.
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Crypto Lender Nexo Hires Citigroup to Advise It on Acquisitions
Crypto lending platform Nexo is in talks with Citigroup as it plans to swoop in and acquire rival platforms.
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3 Big Ideas From Citigroup With Up to 80% Upside
Citigroup takes a look at a couple stocks with potentially huge upside and where they could go in light of a possible recession.
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Powell in Congress, Recession Fears, API Inventories - What's Moving Markets
By Geoffrey Smith Investing.com -- The global market rally runs into a familiar pattern of fresh selling on recession fears. Fed Chair Jerome Powell heads to Capitol Hill for two days of...
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Banks diversity push sees Citigroup recruit associates in U.S. from outside finance
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Facing intense competition for talent and pressure to hit diversity goals, banks are getting more creative in their hiring, with...
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Dow Futures Tick Higher After Selloff Resumes
By Oliver Gray Investing.com - U.S. stock futures were trading slightly higher during Thursday’s overnight deals after major benchmark indices closed lower during regular trade, refreshing...
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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the...
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Tesla, Abbott, McDonald's Fall Premarket; Twitter Gains
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Thursday, June 16. Please refresh for updates. Tesla (NASDAQ:TSLA) stock fell 4.5% after the electric car manufacturer...
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Citigroup markets head sees Q2 investment banking drop, markets increase
(Reuters) – Citigroup global head of markets Andy Morton told an investor conference on Wednesday that he expects the company’s investment banking wallet to be down around 50-55% for the...
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Pre-Open Stock Movers 06/13: Tech Stocks Sink on Rate Worries, Bitcoin Stocks Fall on Move Below $24K (more...)
Pre-Open Stock Movers:bluebird bio, Inc. (Nasdaq: BLUE) 60% HIGHER; an FDA AdCom voted 13 (yes) to 0 (no) that the benefits of beti-cel outweigh the risks for the treatment of subjects with...
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Goldman Sachs, Citigroup and finance industry leaders on what the markets could look like in 2052
The internet, smartphones, the euro, and cryptocurrencies are just a few of the innovations that have revolutionized markets in the past three decades. So Bloomberg Markets asked some...
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BOJ’s Rock-Bottom Rates Are Crucial for Kishida’s Spending Plans
(Bloomberg) -- Prime Minister Fumio Kishida appears to be counting on the Bank of Japan to keep borrowing costs near rock-bottom lows as his government paves the way for continued spending...
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Citigroup beefing up tech staff to serve institutional clients: Bloomberg
Citigroup Inc. head of markets and enterprise risk technology Jonathan Lofthouse told Bloomberg on Monday the bank plans to add 4,000 people to its technology staff to serve the bank's...
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Exclusive-Citigroup to hire 3,000 in Asia institutional banking business in growth push -Asia CEO
By Scott Murdoch and Selena Li HONG KONG (Reuters) – Citigroup Inc plans to hire around 3,000 new staff for its institutional business in Asia in the next couple of years, sharpening...
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Citigroup CEO: Europe More Likely to Head Into Recession Than US
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on...
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Citigroup Trader Went Through Several Alerts on 'Fat Finger' Trade
The bank is reportedly facing about $50 million in losses after the May trading error.
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Citigroup’s fat-finger trade may cost the bank more than US$50 million
This is referring to a data entry error, Bloomberg with the report, citing people familiar: A trader in the firm’s Delta One trading unit in London was working from home during a bank...
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Citigroup Could Record Losses of $50M After Fat-Finger Trade That Led to European Flash Crash - Report
By Sam Boughedda A Citigroup (NYSE:C) staffer's fat-finger trade could cost the investment bank losses of $50 million, Bloomberg reported Thursday afternoon. Last month, a Citigroup...
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Delighted Citigroup chief calls Buffett’s investment ‘wonderful’
By Tom Sims FRANKFURT (Reuters) – The timing of Warren Buffett’s recent investment in Citigroup Inc was not known in advance by the U.S. lender, Chief Executive Jane Fraser said on...
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Asian Stocks Up, China Looks to Relax COVID Measures but Concerns Remain
By Gina Lee Investing.com – Asia Pacific stocks were up on Monday morning, boosted by China’s easing of some COVID-19 restrictive measures and U.S. shares’ best week since November 2020...
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Gap, Workday, Big Lots Fall Premarket; Ulta Beauty, Dell Rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, May 27th. Please refresh for updates. Gap (NYSE:GPS) stock fell over 19% after the clothing retailer slashed...
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Citi Strategists Say Buy the Dip in Stocks on ‘Healthy’ Returns
(Bloomberg) -- It’s time to buy the dip in stocks, particularly in Europe and emerging markets, on their appealing valuations after a steep global selloff, according to strategists at...
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Fed’s Inflation Fight Gets a Boost Amid the Wall Street Rout
(Bloomberg) -- Beneath the latest global market disruptions are clues that the Federal Reserve is making slow but sure progress in its bid to curb the excesses of this inflation-addled...
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Citigroup Seeks Deutsche Bank’s Mexico Unit to Escape Bureaucracy?
In a bid to avoid the tedious process of obtaining a new banking license in the country, Citigroup, Inc. (C) is planning to acquire Deutsche Bank AG's (DB) Mexico unit, a report published by...
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Korea Poised to Raise Rates, Cut Growth View: Decision Guide
(Bloomberg) -- The Bank of Korea is set to raise interest rates Thursday even as it lowers forecast economic growth, reflecting Governor Rhee Chang-yong’s resolve to burnish his...
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Dow Futures Slip Following Positive Session
By Oliver Gray Investing.com - U.S. stock futures dipped during Monday’s evening trade as investors remained cautious after major benchmark averages attempted to rebound during the regular...
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Dow Makes Strong Start to Week as Banks, Tech Shine
By Yasin Ebrahim Investing.com -- The Dow climbed Monday, buoyed by a JPMorgan-led jump in banks and rally in big tech as the dip-buying seen late-Friday continued into the start of the...
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JPMorgan Lifts Financials After Positive 2022 Outlook Despite Inflation
By Liz Moyer Investing.com -- JPMorgan Chase & Co (NYSE:JPM) shares jumped more than 7% and helped lead financials higher on Monday after a positive outlook despite inflation and economic...
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S&P 500 Rides Rally in Banks, Tech Higher
By Yasin Ebrahim Investing.com -- The S&P 500 rallied Monday, buoyed by a JPMorgan-led jump in banks and rally in tech as the dip-buying seen late Friday continued into the start of the...
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