Category: Citi
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Warren Buffett’s favorite internet stock is a ‘top pick’ with 16% upside in 2025, Citi says
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Warren BuffettUniversity of Nebraska-Lincoln Berkshire Hathaway increased its stake in VeriSign, its largest internet stock, in the final days of 2024. VeriSign, a domain registry, is poised to grow in 2025 with a price target of $238 from Citi. VeriSign is one of the most profitable companies in the S&P…
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Wells Fargo names Citi ‘dominant pick’, predicts stock to double in three years
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Written by Manya Saini (Reuters) – Citigroup shares could double in value over the next three years as the Wall Street lender’s profits rise, Wells Fargo analysts wrote in a note to clients on Friday, calling it a top brokerage pick in the big-bank sector. Chief Executive Jane Fraser has…
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AT&T price target raised to $26 from $24 at Citi
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https://www.tipranks.com/news/the-fly/att-price-target-raised-to-26-from-24-at-citi Raising the company’s city Price target On AT&T to $26 from $24 and maintains a buy rating on the stock ahead of its December 3 investor day. The company expects an update on AT&T’s multi-year strategy, financial outlook, and capital allocation priorities, and continues to view the event as…
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AT&T price target raised to $26 from $24 at Citi
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https://www.tipranks.com/news/the-fly/att-price-target-raised-to-26-from-24-at-citi Raising the company’s city Price target On AT&T to $26 from $24 and maintains a buy rating on the stock ahead of its December 3 investor day. The company expects an update on AT&T’s multi-year strategy, financial outlook, and capital allocation priorities, and continues to view the event as…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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The stock market is flashing a signal that’s previously preceded a 10% slump, Citi says
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Wall Street subway stationGetty Images Investors’ exposure to the S&P 500 is the highest since mid-2023, Citi strategists said. The level of exposure at that time was followed by a 10% decline in the following months, they said. “Positioning risks rise when markets expand like this,” they said. Citi says…
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The Earnings calendar this week includes Citi, BofA, J&J, Goldman, United, TSMC & Netflix
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Earnings season kicked off last weekend, led by JP Morgan and Wells Fargo. More financial data will be announced this week along with companies like United, Johnson & Johnson, Taiwan Semi Conductor and Netflix also on the release calendar. Below is a list of some major companies that announce their…
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The Earnings calendar this week includes Citi, BofA, J&J, Goldman, United, TSMC & Netflix
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Earnings season kicked off last weekend, led by JP Morgan and Wells Fargo. More financial data will be announced this week along with companies like United, Johnson & Johnson, Taiwan Semi Conductor and Netflix also on the release calendar. Below is a list of some major companies that announce their…
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Citi pushes back on New York lawsuit over fraud scams, Bloomberg News reports By Reuters
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(Reuters) – Citigroup lawyers urged U.S. District Judge Paul Oetken to dismiss a lawsuit filed in January by Attorney General Letitia James, which accuses the Citibank unit of failing to compensate customers who fall victim to online scammers, Bloomberg News reported on Tuesday. The report added that the lawyers said…
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Citi among banks banks omitting data about race from home loans—depriving researchers of both positive and negative trends
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The 5000 financial institutions that I grew up A home loan in the United States is required by law to collect information about race. The policy is designed to help detect potential discrimination against borrowers, and has generated large amounts of data that researchers, academics and lenders themselves use to…
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Citi predicts mixed outcomes for USD ahead of jobs report By Investing.com
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Citi provided a comment on the potential impact of the upcoming jobs report on the US dollar. The report, which is scheduled to be released on Friday, has markets anticipating different outcomes for currency pairs that include the US dollar, such as and, based on different scenarios for non-farm payrolls…
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Citi joins hands with Apollo for $25 billion private credit program By Reuters
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(Reuters) – Citigroup Inc and Apollo Global have teamed up for a $25 billion private credit and direct lending program, illustrating a growing alliance of banks and non-banks looking to grab a share of the lucrative $2 trillion market. Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and Apollo’s retirement…
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Citi shares its USD/JPY price forecast for 2025 By Investing.com
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Investing.com – Citi has updated its Q3 2020 outlook, providing insights into the pair’s medium- and long-term trajectory. The bank’s strategists assert that the recent decline in the yen’s value is largely driven by a backward-looking narrative linked to Japan’s digital account deficit. However, they point out that this narrative…
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Citi doubles down on bearish EUR/USD stance By Investing.com
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Investing.com – Citigroup Inc. reinforced its bearish stance, citing recent disappointing European economic activity data. Data released earlier this week showed that business activity in the eurozone contracted sharply this month. The preliminary HCOB business confidence index, compiled by S&P Global, fell to 48.9 this month from 51.0 in August,…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Citi forecasts further US dollar decline amid global slowdown By Investing.com
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Citigroup has expressed a view that the US dollar is likely to weaken further in the near term, although it maintains a bullish stance on the currency for the next month or two. The brokerage stressed that this outlook is not in favour of a broad-based strengthening of the dollar…
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Citi forecasts further US dollar decline amid global slowdown By Investing.com
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Citigroup has expressed a view that the US dollar is likely to weaken further in the near term, although it maintains a bullish stance on the currency for the next month or two. The brokerage stressed that this outlook is not in favour of a broad-based strengthening of the dollar…
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Brent crude lowest since June; Citi sees $60/bbl in 2025 without deeper OPEC cuts
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SlavkoSereda/iStock via Getty Images Crude oil futures extended sharp losses from the previous session, with benchmark U.S. crude falling below $70 a barrel for the first time this year, giving up early gains after delegates’ comments that OPEC+ was thinking about delay In plans to start easing production cuts. Instead,…
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Why US election should be dollar positive: Citi By Investing.com
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Citi strategists on Thursday reiterated their view that the US election is “positive for the US dollar”, while acknowledging other factors that could influence the coming months, such as Federal Reserve policy, recession risks and global economic conditions. According to Citi, trade and tariff policies are expected to be the…