Citigroup Stock News

Markets are abuzz after news emerged that Blackrock is making plans to offer clients crypto trading services, according to people familiar with the developments. According to sources, Blackrock would allow clients to trade crypto through its Aladdin Investment platform. Big Plans In The Crypto Space New York-based Blackrock manages over $10 trillion in assets for major institutions has big plans in the crypto space. Initially, Blackrock plans to enter the crypto space with client support trading and then with their own credit facility. The asset managers plans to enter the crypto and Bitcoin space is a significant boost to the worlds largest cryptocurrency, considering the huge profile and portfolio of the institution. People familiar with the matter stated that clients of Blackrock will be able to access loans from Blackrock by putting crypto assets as collateral. Blackrocks list of clients, which includes public pensions, corporate pensions, sovereign wealth funds, and endowments and foundations, will be able to trade Bitcoin through Blackrocks integrated investment management platform Aladdin (Asset, Liability, Debt and Derivative Investment Network).

LONDON--(BUSINESS WIRE)--New Citi GPS Report: Eliminating poverty, a $1.6 trillion opportunity to improve the lives of millions

Oshkosh Corporation (NYSE: OSK ), a leading innovator of mission-critical vehicles and essential equipment, will participate in a fireside chat at Citi''s 2022 Global Industrial Tech and Mobility Conference on Wednesday, February 23, 2022. The event is scheduled to start at 1:00 pm ET and will be webcast. To access the webcast, please visit Full story available on Benzinga.com

Alibaba Shares Soar As SoftBank Denies Speculation To Sell Massive Stake Alibaba Group Holding Ltd. soared in Hong Kong Wednesday after SoftBank Group Corp. denied reports it was involved in the Chinese e-commerce firm''s filing of additional American depositary shares (ADS), according to Bloomberg . On Feb. 4, Alibaba Group filed a 6F filing detailing the registration of 1 billion new ADSs. Citigroup Inc. analysts drummed up speculation that Masayoshi Son''s SoftBank was preparing to cut its Alibaba holdings. The filing was surprising to many Wall Street analysts, and speculation ran wild in the investment community, sending Alibaba shares in New York and Hong Kong spiraling lower. By Tuesday, SoftBank executives calmed fears and said they weren''t responsible for the share registration. "The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG ," SoftBank said in an emailed statement on Wednesday.

Bristol Myers Squibb said Wednesday it has entered a $5 billion accelerated share buyback program with Morgan Stanley, Barclays Bank, Citibank and JP Morgan. The deal is part of the drug company''s $15 billion share buyback program and it will have about $10.2 billion remaining in the authorization once the accelerated deal closes. Shares were up 0.7% premarket and have gained 10% in the last 12 months, while the S&P 500 has gained 15.5%. 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.

NEW YORK, Feb. 9, 2022 /PRNewswire/ -- Citi, S&P Global Market Intelligence and Oliver Wyman today announced that Citi has selected the S&P Global/Oliver Wyman''s Climate Credit Analytics (''CCA'') Transition Risk model to support a variety of requirements for the bank in 2022. Following an…

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ: NVDA ) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia''s termination of the planned acquisition of SoftBank Group Corp''s (OTC: SFTBY ) (OTC: SFTBF ) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the deal would not win regulatory approval, Malik tells investors in a research note. Related Full story available on Benzinga.com

"Ditch The Misinformers" - Neil Young Attacks Spotify CEO, Big Banks In Latest Open Letter One day after Spotify CEO Daniel Ek penned a memo to Spotify employees explaining that "silencing Joe Rogan" isn''t the answer, musician Neil Young hit back with another open letter of his own, this one urging Spotify employees to quit over the platform''s spreading of "misinformation" - while also urging Americans to withdraw their money from the biggest US banks over their financing of fossil fuels. Furthermore in his statement, Young criticized Spotify CEO Daniel Ek, insisting that he was the problem. Speaking to Spotify employees, Young said: "I say Daniel Ek is your big problem - not Joe Rogan. Get out of that place before it eats up your soul. The only goals stated by Ek are numbers, not art, not creativity." He also encouraged musicians and other artists to take their content elsewhere, while asking consumers to find something better to support "with their monthly checks." "To the musicians and creators in this world, I say this: You must be able to find a better place than Spotify to be the home of your art." Young pulled his music from Spotify last month, inspiring a handful of other musicians and podcasters to do the same, and setting off a controversy over the "Joe Rogan Experience" podcast that has lurched from COVID misinformation to Rogan''s "language around race". "In our communication age, misinformation is the problem.

Citi is still bullish on Clorox (CLX) and recommended that investors take advantage of the recent decline to snap up more shares. Read more.

The arrival of global bank and financial services firm Citi to Belfast in 2005 was tinged with a sense of nervousness, according to Leigh Meyer, its site lead in the city.

The post Alibaba Falls as Stock Filing Seen as Sign of SoftBank Sale appeared on BitcoinEthereumNews.com . (Bloomberg) — Alibaba Group Holding Ltd. shares dropped 6.1% in U.S. trading on Monday after Citigroup Inc. analysts saw its additional American depositary share registration in the U.S. as a…

Two of Wall Street’s largest banks, Goldman Sachs Group Inc. and Citigroup Inc., are recommending bets against a super-sized rate hike from the Federal Reserve in March.

Alibaba Shares Plunge As Citi Suspects Softbank May Offload Stake There''s speculation Monday that Masayoshi Son''s SoftBank Group, which owns a quarter of Alibaba Group, could be ready to offload shares , according to Bloomberg , citing Citigroup Inc. analysts. Alibaba''s American Depositary Receipts (ADR) trading in New York slipped as much as 6% Monday morning, the most in two weeks, amid concerns about the company''s 6F filing in New York on Feb. 4 indicating the registration of 1 billion new ADRs, stoking speculation some insiders, including SoftBank may be preparing to offload part of their stake. Citigroup told clients that SoftBank might be preparing to cut its stake in the company. According to Citi''s calculations, SoftBank owns 5.39 billion ordinary Alibaba shares, equivalent to 673.76 million ADSs, or a 24.8% stake. "A potential stake sale could make sense for Masayoshi Son''s SoftBank, given pressure from investors in recent months as the value of many portfolio companies, including Didi Global Inc., One 97 Communications Ltd. and DoorDash Inc. was dragged lower by the technology downturn. "The registration could also cover the company''s need to issue new shares for an employee equity incentive plan," Bloomberg said. "What we can analyze about the situation is similar to Citi''s, but at the moment, it is just a guess," said Zhang Jun, head of research and portfolio manager of China Asset Management (HK).

Futures Tread Water Amid Peripheral Bond Rout As Key CPI Print Looms U.S. index futures swung around in a volatile, illiquid overnight session, and at last check were flat despite traders'' concerns about growing fireworks in the European bond market where Italian and Greek bond plunged amid fears of ECB rate hikes as soon as October, while waiting for Thursday''s key CPI data and further corporate earnings. S&P 500 futures were up 2 points or 0.05%, Nasdaq futures were up 26 points or 0.18% and Dow futures were up fractionally as markets now expect more than five quarter-point Federal Reserve interest-rate hikes in 2022 to keep inflation on check following a strong U.S. jobs report. Treasury yields and the dollar were stable, while the euro snapped a six-day strengthening run. WTI crude fell after last week''s rally. Chinese shares climbed on their return from a weeklong holiday. Bitcoin extended its recovery surge. In the premarket, Peloton was in focus, soaring 27% on reports it''s evaluating interest from potential suitors including Amazon and Nike.

Futures Reverse Overnight Gains As Amazon Euphoria Fizzles We warned last night that the surge in futures following the huge bounce in Amazon stock wouldn''t last (simply because a closer read of the company''s earnings left a lot to be desired) and sure enough, in the overnight (extremely illiquid) session, 500 futures erased gains of as much as 1.3% to trade 0.1% lower, or 10 points, to 4,460 as European stocks extend their decline as inflation and monetary tightening outweighed earnings optimism. Meanwhile, Nasdaq 100 futures pared much of their gains, trading just 0.5% higher after earlier rising more than 2%, one day after the index had the worst day since September 2020. The VIX increased for a third day Friday, hovering just below 26. The dollar dropped as the EUR surge continued, following yesterday''s unexpectedly hawkish comments from Lagarde ... while oil was on course for a seventh weekly advance with Brent rising Relief, as brief as it was, was welcome after a 4.2% crash in the Nasdaq 100 Index on Thursday, its biggest since 2020, fueled by a 26% rout in Meta Platforms following disappointing results.