Citigroup Inc. witnessed a tumultuous series of events with its stocks over the period. There was an initial stumble due to a few earnings missteps but bounced back with shares jumping as the turnaround plan started to bear fruit. Q2 profits were reportedly better than expected which led to a surge in the stock price. The well-timed rise in its price target on Tesla (TSLA) stock further burnished its reputation. Jane Fraser's efforts in steering the company towards its thriving state have met with success which is marked by recent reports of insiders selling stock. However, regulatory penalties worth $136 million for delayed rectification of internal control issues somewhat marred the progress. The recurrent fluctuation in the stock's performance incited a surge in the volume of call options purchased. Q2 earnings posed a mixed picture as profits surged mainly driven by investment banking and services strength, yet shares fell another 3%. Financial analysts see growth opportunities even as volatility remains and predict the stock to double over the next three years.
Citigroup Stocks News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Mon, 15 Jul 2024 01:32:40 GMT -
Rating 4
- Innovation -6
- Information 7
- Rumor 3
