Citigroup Inc (NYSE:C) currently has 71% of its shares dominated by institutional owners. There is a shift in banking stocks after
earnings missteps.
Citigroup reported better than expected Q2 profits and breaks out past buy point ahead of earnings report. Despite being bullish on US stocks, Citi reduced its international equity risk.
Citigroup declares common stock dividend following a potential leap in profitability as
shares jump at news of a turnaround plan starting to yield results. Meanwhile, insider stock selling is noticed at Citigroup after a gain of 23% YTD.
Citigroup upgrades other stocks like V.F. and downgrades some like Lennar and DR Horton. The banking giant projects a
dividend increase to $0.56 per share for the coming fiscal year.
Citi's stock sinks despite market gains which points to a cautious investment landscape. Citi cuts Chinese stocks to neutral due to the reorganization severance costs but raises India. Globally, Citigroup recommends buying dips in stocks based on solid earnings.
Citigroup Stocks News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Sat, 20 Jul 2024 23:12:36 GMT -
Rating 1
- Innovation -2
- Information 8
- Rumor -6
