Significant fluctuation surrounds Citigroup stocks due to an uneasy market climate and projected recession fears. The recent sell-off in banks including Citigroup, JPMorgan and Bank of America has led to a significant dip in share prices, with Citigroup recording a 7.8% drop.
Regardless of the turmoil, ratings have been diverse; while Truist Financial lowered Citigroup's price target to $84.00, Barclays maintains its buy rating for the bank. Various upgrades were issued by Citigroup for companies including Eastman Chemical, TJX Companies, and Flagstar Financial.
The bank's decision to maintain its quarterly dividend of $0.56, despite a 12% share price dip, is noteworthy. Recession fears have prompted a downgrade in U.S. stocks and raised China's right as the 'America First' fades. However, some analysts view this as an excellent time to invest in Citigroup, considering it undervalued with a high yield.
Citigroup Stocks News Analytics from Fri, 03 Jan 2025 08:00:00 GMT to Sat, 05 Apr 2025 15:36:11 GMT - Rating -5 - Innovation 2 - Information 7 - Rumor -6