Citigroup Stock News

SEATTLE, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (Remitly), a leading digital financial services provider for immigrants and their families, today announced that its management team will present at Citis 2021 FinTech Conference.

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Tickets, at prices to be announced, go on sale at 10 a.m. Friday through Ticketmaster. Citi cardholders have access to a presale starting at 10 a.m. Tuesday.

Less than a month into her role as the chief executive of Citigroup, Jane Fraser made a decision that shook Wall Street.

Citigroup found using ticker (C) now have 24 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 114 and 66 calculating the mean target price we have 84.22. Given that the stocks previous close was at 68.87 this is indicating there is a potential upside of 22.3%. The 50 day MA is 70.45 and the 200 day moving average is 71.55. The market capitalisation for the company is $142,957m. Find out more information at: /> [stock_market_widget type="chart" symbol="C" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services.

BlackRock found using ticker (BLK) now have 11 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 1117 and 803 calculating the mean target price we have 1000.45. With the stocks previous close at 965.6 this indicates there is a potential upside of 3.6%. The day 50 moving average is 901.46 and the 200 day moving average is 887.92. The market cap for the company is $148,177m. Visit the company website at: /> [stock_market_widget type="chart" symbol="BLK" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] BlackRock is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services.

Playtech shareholders will vote on the acquisition deal on November 12.

Tribune Online Cash tender offer for outstanding UBAs $500mn notes, expires November 16 There are indications that the expiration date for a cash tender offer on the outstanding $500 million United Bank for Africa Plcs (UBA) notes, launched alongside $300 million new issue, is November 16. Citibank, Mashreqbank, Renaissance Capital and Standard Chartered Bank are acting as dealer managers on the tender offer. Meanwhile, UBA successfully raised $300 [] Cash tender offer for outstanding UBAs $500mn notes, expires November 16 Tribune Online

Chairman António Horta-Osório cleans up Credit Suisse under the new strategy while major investors call for significant divestments. At the recent Credit Suisse investor day in London, António Horta-Osório (image below) was extensively criticized for doing little more than shifting the business emphasis of Switzerland''s second-largest bank from one area to another. He was also heavily questioned for not providing more clarity on the bank''s leadership under the new strategy. The market did not take the news particularly well, pushing the bank''s share price down 5 percent. But a well-connected investment banker asked by finews.asia had a far more receptive take on the chairman''s actions. Reasonable Effort Horta-Osório did what he reasonably could with what he was given, the banker said. He was cutting the investment bank''s risk profile and shifting capital into areas that generate stable earnings. He also welcomed the efforts to improve risk management and change the bank''s culture from the inside. «Horta-Osório is cleaning house», the dealmaker summed up.

Pictet''s wealth management division has made a raft of hires covering the North Asia market out of both Hong Kong and Singapore, according to an internal memo seen by finews.asia . In Singapore, Pictet Wealth Management (PWM) has formed a new team covering North Asia with three former UOB private bankers, according to an internal memo seen by finews.asia . UOBs ex-North Asia market head Eric Phua has been appointed market group head, reporting to head of South Asia Sharon Chou . Phua has over 20 years of private banking experience and, in addition to UOB, previously also worked for Citi Private Bank a Citi International Personal Bank in Singapore covering the China and Taiwan markets. UOB Trio Joining Phua from UOB Private Bank are Jaime Ang as market leader and Bernard Bay as a senior private banker. Ang was most recently a senior client advisor at UOB covering private banking clients from North Asia for 10 years. Previously, she was also a senior relationship manager at Citi International Personal Bank and DBS.

Chesley Taft & Associates LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 159,070 shares of the companys stock after selling 5,479 shares during the period. Chesley Taft & Associates LLCs holdings in Citigroup were worth $11,164,000 as of its most recent []