At recent investors day, Citigroup Inc. (C) provided an outlook for investment banking (“IB”) fees. The bank forecasted a 50% increase in IB fees for the second quarter of 2024 on a year-over-year basis. The improved projections for merger advisory and debt and equity underwriting were the primary reasons behind this upbeat view. Further, Citigroup expects market revenues to be ‘flat to down marginally.’ Also, net interest income, excluding market business, is expected to be "modestly down." As per Bloomber ...

Citigroup is reportedly putting its services business at the forefront of its upgrade project, highlighting how the global movement of money can enhance profitability. The services business, one of the bank’s five newly formed divisions, will be the focus of an investor day at Citigroup’s Manhattan headquarters on Tuesday (June 18), Bloomberg reported Monday (June 17). During the event, Citigroup CEO Jane Fraser and Chief Financial Officer Mark Mason will present the restructuring plans, drawing attention t ...

It’s true that, with the interest rate on 10-year Treasury bonds still trading around 4.2%, stock dividends aren’t nearly as important or valuable as they once were. After all, a risk-free yield of 4.2% makes even 5% dividend yields look unimpressive. And it is possible to buy low-risk corporate bonds that yield 6%-plus. Still, high- quality stocks with significant dividend yields offer a combination of yields and high, potential capital appreciation that bonds cannot match. Moreover, recent economic data s ...

Citigroup Inc. (C) plans to introduce Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East in collaboration with Emirates NBD — a leading banking group in the Middle East, North Africa and Türkiye region. This collaboration makes the company’s cross-border 24/7 USD payments available to Emirates NBD’s corporate and retail clients 24 hours, end to end across its branch network. The partnership came across as a significant milestone for Citi's 24/7 USD Clearing multibank service for its bank ...

The latest trading session saw Citigroup (C) ending at $60.01, denoting a +1.47% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.85%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq appreciated by 1.53%. Shares of the U.S. bank have depreciated by 7% over the course of the past month, underperforming the Finance sector's loss of 1.12% and the S&P 500's gain of 3.11%. The investment community will be paying close attention to the earnings perfor ...

会议主要讨论的核心内容 - 公司新任命的Wealth业务负责人Andy Sieg阐述了他对Citi Wealth业务的战略愿景和具体举措 [2][3][6][7][9][10][11] - 公司正在进行的Wealth业务领导团队调整,引进了一些行业内顶尖人才 [23][24][25][26][27] - 公司正在努力提升Wealth业务的资产净流入,包括调整激励机制、加强培训等 [35][36][37][38] - 公司将充分利用自身的品牌、客户基础、全球网络等优势,重点发展投资管理和存款业务 [40][41][42][45][46] - 公司预计Wealth业务未来3-5年内有望实现高单位数的收入增长,并达到30%左右的税前利润率 [55][56][57][58][59][60][61][62][63][64][65][66] 问答环节重要的提问和回答 问题1 **Betsy Graseck 提问** 您是否会通过价格优惠等方式来吸引客户资产 [39] **Andy Sieg 回答** 我们更关注如何发挥Citi的品牌优势、客户基础和全球网络,深化与现有客户的关系,而不是单纯依靠价格优惠 [40][41][42][43][44][45][46] 问题2 **Betsy Graseck 提问** 您如何看待Wealth业务的收入增长和利润率目标 [51][52] **Andy Sieg 回答** 我们在中期内(2-3年内)将着重控制成本,通过提高生产效率来提升利润率,并在中长期通过收入增长来进一步提升利润水平 [62][63][64][65][66][67][79][80][81][82][83] 问题3 **Betsy Graseck 提问** 您如何看待Wealth业务的全球布局 [89] **Andy Sieg 回答** Citi Wealth业务的全球覆盖是其独特优势,未来将重点发展在亚洲等高增长地区,同时也将充分发挥在美国的零售银行网络优势 [90][91][92][93][94][95][96]

Citigroup Inc. (NYSE:C) Morgan Stanley US Financials, Payments & CRE Conference June 12, 2024 2:30 PM ET Company Participants Andy Sieg - Head of Wealth Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck All right, thanks very much everybody. I'm going to read a disclaimer and then we'll get on with it. For important disclaimers, please see Morgan Stanley Research Disclosure website at morganstanley.com/researchdisclosures. The taking of photographs and the use of recording devices is ...

Loading... Loading... Citigroup analyst Keith Horowitz initiated coverage on American Express Co AXP Monday with a Neutral rating and a price target of $250. American Express has the tenets of an attractive long-term core holding given the combination of an attractive business model in a growth market led by a strong management team, Horowitz said. But from a tactical perspective, the analyst did not see outsized near-term upside to warrant a Buy rating, as he noted that the valuation multiple has been set ...

Citigroup Inc. (C) has successfully completed the sale and migration of its onshore China-based consumer wealth portfolio to HSBC Holdings plc (HSBC) China. More than 300 employees of Citigroup were transferred to HSBC as part of the deal. This deal was first announced in October 2023. Going by October 2023 news, the transaction involved the transfer of total deposits and investment assets under management of around $3.6 billion. Per the previously signed agreement, Citigroup will transfer its remaining cre ...

These stocks are priced at a discount and have excellent long-term rebound potential. Over the past year, the market has been on a solid upward trend, reaching new all-time highs multiple times over the past several months and confirming the bull market, which began in October 2022. But even as the S&P 500 hits new highs, value-focused investors still have several opportunities to find deals on individual stocks that have yet to fully recover. Investing in these dirt-cheap stocks provides stock buyers with ...