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Citigroup Inc. stock price
Citigroup Inc. latest news:
BRIEF-Citigroup credit card delinquency, charge-off rates for October
Citigroup Inc(C). * Citigroup Inc(C) - Credit card charge-offs 2.38 percent in October versus 2.44 percent in September - SEC filing. * Citigroup Inc (C) - Credit card delinquency rate 1.57 percent at October end versus 1.50 percent at September end Source text: Further company coverage:
MOVES-Bank of America consumer bankers depart for Citigroup -sources
A trio of Bank of America Corp (BAC) investment bankers who focus on advising consumer companies are departing for rival Citigroup Inc (C), people familiar with the matter said on Tuesday. The bankers include managing directors David Finkelstein, Carl Stickel and Jeremy Murphy, the two sources said, asking not to be named because the moves are not yet public.
Why Novavax Stock Is Soaring Today
Citigroup has high hopes for the little flu vaccine R&D shop.
Citigroup names Lo as Asia head of private banking business
HONG KONG (Reuters) - Citigroup Inc has appointed veteran Steven Lo as Asia head of its private banking business unit, replacing Bassam Salem who is retiring from that role in February, according to an internal memo seen by Reuters.
National Vision's stock debuts 31% above its IPO price
Shares of National Vision Holdings Inc. debuted on the Nasdaq at $28.75 at 11:05 a.m. ET, or 31% above their initial public offering price of $22. The stock was recently changing hands at $28.00, and has traded in a range of $27.66 to $29.10 since its debut. The optical retail company had priced its IPO late Wednesday, above the expected range of $18 to $20. The company offered 15.8 million shares for sale, to raise $347.6 million. National Vision plans to use the proceeds to repay debt and for general corporate purposes, which includes the payment of interest on term loans. BofA Merrill Lynch, Goldman Sachs, Citigroup and KKR Capital acted at joint bookrunning managers. National Vision has gone public at a time the SPDR S&P Retail ETF has slipped 0.4% over the past three months, while the S&P 500 has gained 3.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Bank stocks tracker jumps toward 10-year high after budget bill passes
Bank stocks got a bit lift Friday, as the passage of the budget bill by the Senate helped push up Treasury yields. The bill's passage is seen as paving the way for President Trump's proposed tax cuts, could lift longer-term interest rates by boosting economic growth and increasing the deficit, which would increase Treasury supply. The SPDR Financial Select Sector ETF rallied 1.0% in premarket trade, putting it on track to open at the highest price seen during regular session hours since Nov. 1, 2007. Among the ETF's most-heavily weighted components, shares of J.P. Morgan Chase & Co. climbed 1.2%, Bank of America Corp. surged 1.8%, Citigroup Inc. rallied 1.3%, Goldman Sachs Group Inc. gained 1.3% and Wells Fargo & Co. tacked on 1.0%. Higher long-term yields can help goose bank profits, as it would increase the interest rate spread between longer-term assets, like loans, and shorter-term liabilities to fund those assets. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
China hires 10 banks including Citigroup, HSBC for $2 bln sovereign bond issue
HONG KONG, Oct 20 (Reuters) - China has hired 10 banks
including Agricultural Bank of China Bank of
Communications, and Citigroup for its $2
billion dollar-denominated sovereign bond issue, according to an
internal bank memo seen by Reuters on Friday.
MOVES-Citi names new business development head for APAC, Japan
Oct 19 (Reuters) - Citigroup Inc on Thursday named
Rimmo Jolly head of ETF business development for APAC and Japan,
according to an internal memo seen by Reuters.
BRIEF-Citigroup credit card delinquency and charge-off rate for September
Citigroup Inc(C). * Citigroup Inc(C) - credit card delinquency rate 1.5 percent at September end versus 1.43 percent at August end. * Citigroup Inc (C) - credit card charge-offs 2.44 percent in September versus 2.41 percent in August - sec filing Source text : http://bit.ly/2govT7E Further company coverage:
Chinese peer-to-peer lender Paipaidai files IPO documents
PPDAI Group Inc. hopes to raise $350 million in its initial public offering, according to documents filed with the Securities and Exchange Commission late Friday. The China-based company said it intends to list American depository shares on the New York Stock Exchange under the ticker symbol "PPDF." It has been rumored to be going public for some time, with The Wall Street Journal reporting it was formulating plans in 2016. Known as Paipaidai, the company offers unsecured peer-to-peer loans and said that it had 48 million registered users as of June. In the first six months of 2017 the company, logged a net loss of $60 million on sales of $255 million. Credit Suisse, Citigroup and Keefe, Bruyette & Woods are listed as underwriters.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Dow ends lower, retreats from records as Goldman, UnitedHealth weigh
U.S. stocks ended lower on Thursday, retreating from records set in the previous session as investors parsed the first of a batch of third-quarter corporate results from the banking sector. The Dow Jones Industrial Average closed more than 30 points, or 0.1%, at 22,841. Components UnitedHealth Group Inc. and Goldman Sachs Group Inc. pressured the price-weighted gauge. The S&P 500 index closed 0.2% lower at 2,550, while the Nasdaq Composite Index retreated 0.2% at 6,591. All three benchmarks closed at records in the previous session. J.P. Morgan Chase & Co. posted earnings and revenue that beat expectations, but its trading revenue was weak amid a quiet period for markets, while shares of Citigroup , which reported a higher-than-expected profit, slid 3.4%, The Financial Select Sector SPDR ETF , which gauges banks and insurers lost 0.8%. Health-care stocks were mixed after President Donald Trump signed an executive order directing federal agencies to consider expanding health-insurance coverage in low-cost plans that aren't subject to Affordable Care Act rules. The announcement appeared to weigh on UnitedHealth. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Reports that Apple's iPhone X launch will be delayed are 'inaccurate'--Citigroup
Reports that Apple Inc.'s iPhone X could be delayed beyond the Nov. 3 launch date are "inaccurate," said analysts at Citigroup in a note to clients Monday. They wrote in a note to clients that given supply chain checks, they are "confident" the iPhone X will launch on time, but they believe continued "sub-optimal production yields" will lead to demand outstripping supply and sales estimates that are below current consensus analyst expectations. Citigroup analysts said they expect "volatility" in the stock near term, but maintained the buy rating as customers waiting for the iPhone X sets Apple up for stronger-than-expected 2018 results. The stock rose 0.3% in premarket trade. It has run up 7.7% over the past three months, while the technology-heavy Nasdaq 100 has climbed 7.2% and the Dow Jones Industrial Average has advanced 6.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Citigroup to settle dispute with Lehman Brothers for $1.74 bln - Bloomberg
Sept 29 (Reuters) - Citigroup Inc and Lehman Brothers
Holdings Inc resolved a fight over $2.1 billion that dates to
the financial crisis era after Citigroup agreed to give back
$1.74 billion to the estate of the investment bank, according to
Citigroup and Cintas jump while Nike and Scana slip
Citigroup and Cintas climb while Nike and Scana lose ground
Citigroup to pay a fine for swap data reporting violations -U.S. CFTC
Citigroup Inc(C) has agreed to pay a $550,000 penalty for swap data reporting violations and improve such reporting, the U.S. Commodity Futures Trading Commission said in a statement on Monday.
Financial stocks spike up after Fed, with Bank of America and Wells Fargo shares swinging higher
Financial stocks spiked higher in afternoon trade Wednesday, after the Federal Reserve said it would begin normalizing its balance sheet, as expected, in October. The SPDR Financial Select Sector ETF was up 0.6%, after trading unchanged just prior to the Fed's announcement. Among the ETF's more heavily weighted components, J.P. Morgan Chase & Co.'s stock climbed 1.0%, after being up just 0.3% pre-Fed, while shares of Bank of America Corp. jumped up 0.9% after being down 0.4% pre-Fed. Elsewhere, Shares of Citigroup Inc. rallied 1.1%, Goldman Sachs Group Inc. gained 0.9% and Wells Fargo & Co. advanced 0.8%. Just before the Fed, shares of Citigroup were up 0.2%, of Goldman Sachs head inched up less than 0.1% and of Wells Fargo were down 0.1%. Meanwhile, the S&P 500 eased 0.1%, after being down less than 0.1% pre-Fed.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
CitiFinancial pays $907,000 for repossessing U.S. military servicemembers’ vehicles
WASHINGTON, Sept 18 (Reuters) - CitiFinancial Credit Co, a
unit of Citigroup Inc, has agreed to pay $907,000 to
resolve allegations that it illegally repossessed 164 cars owned
by U.S. military servicemembers without first obtaining the
required court orders, the U.S. Justice Department said on
First Data shares slip as large shareholder to unload stock in secondary offering
First Data Corp. shares slipped in the extended session Monday after the payment-processing firm announced a large shareholder plans to sell shares in a secondary offering. First Data shares fell 2.9% to $18.31 after hours. The company said New Omaha Holdings LP plans to sell 85 million shares in deal that includes Bank of America Merrill Lynch, Citigroup and KKR as bookrunners. First Data will receive no proceeds from the sale. First Data has about 923 million shares outstanding. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Citigroup fills treasurer vacancy with CIO Verdeschi
NEW YORK, Sept 7 (Reuters) - Citigroup Inc has
promoted Chief Investment Officer Mike Verdeschi to the vacant
post of treasurer, according to a memo on Thursday from Chief
Financial Officer John Gerspach.
Citizens Financial GroupCFG
City National CorporationCYN