Category: Citi
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Blackstone taps Citi veteran Tyler Dickson for a key role in credit business By Reuters
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(Reuters) – Private equity firm Blackstone said on Tuesday it has hired Tyler Dixon, the former global head of investment banking at Citigroup, to lead client relationships for its credit and insurance unit. The new role will oversee the Institutional Client Solutions team at Blackstone Credit & Insurance (BXCI), and…
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Top U.S. regulators find shortcomings in living wills of JPMorgan, BofA, Goldman, Citi
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Editorial LewisTsePuiLung/iStock via Getty Images The Federal Reserve and the Federal Deposit Insurance Corp. said Friday they had identified deficiencies in JPMorgan Chase’s so-called living will plans (New York Stock Exchange: JPM), Goldman Sachs (New York Stock Exchange: A), American bank (New York Stock Exchange: PAC(Citigroup)New York Stock Exchange: CAccording…
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Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
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In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Citi Research Delivers Insight on Post-Election Market Sentiment By Investing.com
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The recent election results in India, contrary to poll expectations, have sparked market dynamics, leading to increased volatility and a potential shift in risk perception. Below is a breakdown of Citi Research’s analysis and initial reflections on the implications: 1. Rating Volatility: Variability between polls and actual results may lead…
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Citi Research on India’s Rates and FX By Investing.com
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India’s unexpected election results have created a degree of political uncertainty, which may impact market sentiment in the short term. However, Citi Research stresses that this development is not significant enough to warrant immediate changes in its macroeconomic forecasts for growth and inflation. The Reserve Bank of India’s (RBI) Monetary…
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Equinix expected to benefit from Gen-AI in long term; Citi keeps stock buy-rated By Investing.com
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On Wednesday, Citi reiterated a Buy rating on shares of Equinix (NASDAQ:), with a price target of $1,020.00. The company’s positive position is based on Equinix’s ability to benefit from the ongoing digital transformation of the economy. Equinix’s management, including CFO Keith Taylor and Senior Director of Investor Relations Chip…
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Citi Trends names Ken Seipel as interim CEO, releases Q1 results By Investing.com
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SAVANNAH, GA – Citi Trends, Inc. announced… (NASDAQ: CTRN), a value-added retailer of apparel, accessories and home trends, announced the appointment of Ken Sippel as interim CEO, effective June 2, 2024. David McQueen has resigned as CEO and member of the Board of Directors but will serve as a senior…
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AMD shares gain on cloud adoption, Citi maintains $176 target By Investing.com
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On Friday, Citi maintained a Buy rating and $176.00 price target on Advanced Micro Devices, Inc. (NASDAQ:). The company’s positive stance comes on the heels of a recent development where Microsoft (NASDAQ:) announced that it will integrate AMD’s MI300 AI chips into its cloud offerings, a move that also includes…
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Here’s what Citi, Piper Sandler analysts expect to see By Investing.com
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Nvidia (NASDAQ:) is scheduled to report its fiscal first-quarter 2025 earnings after the closing bell on Wednesday, May 22. Investors will primarily focus on growth trends in Nvidia’s data center segment and any updates to the recently announced Blackwell platform. Wall Street analysts expect Nvidia’s revenue to reach $24.65 billion…
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Ibotta stock rises as Goldman Sachs, Citi assume coverage By Investing.com
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Goldman Sachs analysts initiated coverage of Ibotta (IBTA) with a Neutral rating and a 12-month price target of $103, saying they see the stock “positively benefiting from a number of long-term secular growth themes within our sector in both countries.” Digital and grocery advertising. “In the current market environment, we…
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Pfizer hires Citi healthcare analyst Baum to lead strategy and innovation
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JHVEphoto Pfizer has appointed Andrew Baum, head of global health and managing director of equity research at Citi, as its new head of strategy and innovation. Baum, a physician, has been with Citi (C) since 2011. Before joining Citi, he covered European pharmaceuticals. firm at morgan stanley (Ms) for 14…