BofA and Citigroup suggest selling stocks in case of a Trump win sparking a rally. Citigroup strategists imply focusing on U.S. stocks and the U.S. dollar, particularly following the election. They argue that investors should rotate into smaller stocks as they are expected to rally. Despite a surge in investment banking, Citigroup’s profit is impacted by credit losses and provisions for bad loans. GMS growth is slower than anticipated and Citigroup cuts stock PT. Although Q3 earnings top estimates, Citigroup’s stock falls as loan loss reserves are bolstered. U.S. cruise stocks rise, and Citigroup shows bullishness for strong growth indicators. Citigroup's stock price drops below a dollar, raising questions whether it’s a good time for investment. Citigroup extends collaboration with Google Cloud to boost digital strategy. Additional alerts are raised regarding insiders selling Citigroup stock, possibly indicating caution.
In spite of adversity, Citigroup stock performance beats the S&P 500 index on a year-to-date basis. Dividends are announced for both common and preferred stocks. Citigroup reveals its buoyant stance towards certain tech stocks such as Microsoft, Cisco, and eBay. However, the company also reports Q2 profits and increased dividends while facing a fine by federal regulators for internal control issues. The overall scenario shows a mix of positive and negative signals making the Citigroup's stock situation complex.
Citigroup Stocks News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 14:00:10 GMT - Rating 1 - Innovation -3 - Information 5 - Rumor -2