Citigroup has been making various notable moves in the
stock market. The company has raised
loan loss provisions, possibly in response to an observed dip in the broader market. However, financial firms like Griffin Asset Management, NorthCrest Asset Management and Farther Finance Advisors have increased their holdings in Citigroup. Other firms, such as Wedge Capital Management and Beach Investment Counsel Inc. have instead sold their shares.
Berkshire Hathaway has also significantly reduced its stake in Citigroup. Conversely, Citigroup has issued positive forecasts for stocks like
Starbucks and Curtiss-Wright, while it downgraded the
Sherwin-Williams stock. There were indications of the company getting more bullish on the S&P 500, though it subsequently downgraded U.S. equities and reduced the S&P 500 target below 6000 due to tariff concerns. Additionally, Citigroup has been associated with a surge in M&A target stocks, and it boosted the price target for Chewy. Allegedly, the firm faces a billion-dollar lawsuit linked to a fraudulent activity with a Mexican oil company. Finally, despite the firm's mixed performance and some troubling market dynamics, multiple analyses suggest Citigroup stock could be a good buy.
Citigroup Stocks News Analytics from Tue, 11 Mar 2025 07:00:00 GMT to Sat, 14 Jun 2025 18:18:51 GMT -
Rating -4
- Innovation 0
- Information 4
- Rumor -3
