Citigroup Stock News

NEW YORK , Feb. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SQ, TDOC, OXY, C, and UPST. … Full story available on Benzinga.com

Citigroup taps insider Titi Cole to lead legacy franchises - memo

Citigroup executives test positive for COVID, will hold virtual event Wed

Citigroup (C) disclosed a total exposure of $5.4B in Russia, the 21st of its top 25 country exposures, the U.S.-based money center bank listed in its 10-K late Friday.The amount…

Futures Bounce From Overnight Lows As New Peace Talks Begin Global stocks and US futures tumbled on Monday, although they were well off their worst levels as a fresh round of ceasefire talks kicked off on Monday morning offering a glimmer of hope that hostilities will end; sovereign bonds rallied and commodities surged amid heightened uncertainty after a new wave of sanctions against Russia for the invasion of Ukraine. March contracts on the S&P 500 Index declined as much as 2.9% before trimming losses to 1%, or down 43 points as of 745 a.m. in New York. Futures on the Nasdaq 100 and the Dow were each down 1.4%. European stocks also recovered from an earlier as banks with exposure to Russia led declines, while utilities and defense stocks gained. Oil, natural gas, wheat and palladium jumped, as Brent crude soared to about $103 a barrel on fears of commodity-supply disruptions. Rallies in the dollar, gold and Treasuries underlined the demand for havens. Over the weekend, Western nations agreed on new sanctions to further isolate Russia, by seeking to prevent its central bank from using foreign reserves to blunt sanctions and excluding some Russian lenders from the SWIFT messaging system that underpins trillions of dollars worth of transactions.

Citigroup said Monday it has $5.4 billion in asset exposure to Ukraine, according a Reuters report that cited regulatory filings from the bank. The exposure totals about 0.3% of Citigroup''s 2021 bank assets, the regulatory filing said. Citigroup also disclosed $8.2 billion of third party exposure to Russia. "Sanctions and export controls, as well as any actions by Russia, could adversely affect Citi''s business activities and customers in and from Russia and Ukraine," Citi said in a separate filing. Shares of Citigroup fell 2.2% in premarket trades on Monday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

BlackRock with ticker code (BLK) now have 12 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 1141 and 791 with the average target price sitting at 1013.42. With the stocks previous close at 731.79 this would indicate that there is a potential upside of 38.5%. The 50 day MA is 839.59 while the 200 day moving average is 881.45. The market cap for the company is $114,070m. Visit the company website at: https://www.blackrock.com [stock_market_widget type="chart" template="basic" color="green" assets=BLK" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $157,970m based on the market concensus. 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.

Citigroup and Deutsche Bank are among a handful of international banks with Ukraine operations

Citigroup flags $5.4 billion exposure to Russian assets

Citigroup found using ticker (C) now have 24 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 120 and 64 calculating the average target price we see 81.74. Now with the previous closing price of 60.67 this now indicates there is a potential upside of 34.7%. The 50 day moving average now sits at 63.96 while the 200 day moving average is 68.8. The market cap for the company is $122,985m. You can visit the company''s website by visiting: https://www.citigroup.com [stock_market_widget type="chart" template="basic" color="green" assets=C" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $165,696m based on the market concensus. 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 main points: Citi revise global oil inventories to be tighter in Q1 than expected because of combination of stronger demand & weaker supply oil balances appear to be shifting to strong builds of 1.2-mb/d in Q2, 2.2-mb/d in Q3, & over 3-mb/d in Q4 revise their

Eleven Hong Kong banks, including note-issuing lenders HSBC, Standard Chartered and Bank of China (Hong Kong) (BOCHK), will suspend all banking services on Saturdays starting this week and the next until further notice.Standard Chartered, CMB Wing Lung and China Citic will close all outlets every Saturday from February 26 until further notice. HSBC, Hang Seng Bank, BOCHK, Bank of East Asia, China Construction Bank (Asia), Bank of Communications (Hong Kong), Citibank and Dah Sing Bank will…

Citigroup is eliminating overdraft fees and charges for overdraft-protection services, which is becoming the new normal among big US banks.

Analysts maintained their faith in Block Inc (NYSE: SQ ) post Q4 results . Citi analyst Peter Christiansen says Block''s Q4 results were better than expectations, topping Citi''s gross profit estimates by 8% and Street estimates by 2%. The company held off from issuing a formal fiscal 2022 outlook. However, it is now planning an investor day for May 18, where investors should get a fuller picture of AfterPay integration plans and further details on unit economics. The analyst thinks the results, newly disclosed trends, and positive nearer-term comments "equate to a win" … Full story available on Benzinga.com

BALTIMORE, Feb. 25, 2022 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced it has entered accelerated share repurchase agreements ("ASRs") with each of JPMorgan Chase Bank, National Association, Bank of America, N.A. and Citibank, N.A. (the "Dealers") to repurchase $300…