Citigroup Aktie News

NEW YORK--(BUSINESS WIRE)--Citi has been named Best Digital Bank 2023 by Global Finance Magazine. This marks 22 consecutive years of recognition as a global banking leader by the publication. Global Finance also named Citi Best Corporate/Institutional Digital Bank Globally, as well as best in several regional categories. “With artificial intelligence and machine learning rapidly advancing, the ...

DUBAI, United Arab Emirates--(BUSINESS WIRE)--As the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) begins in Dubai, Citi Global Perspectives and Solutions (GPS) will publish two reports titled ‘Unlocking Climate and Development Finance: Creating Bankable Projects' and ‘Food, Water, Climate Nexus.' The first report looks at how to increase the flow of mo...

Bank of America Corp.'s stock BAC, +2.66% was up 0.3% in premarket trading on Thursday as the megabank looks to end the month in positive territory. As of Wednesday's close, Bank of America's shares had gained more than 19% in November, for their first positive month since July and best overall monthly gain since Oct. 2022, according to Dow Jones Market Data.

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming 16,000 shares out of 38,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”), equivalent to $400 million out of an outstanding total of $950 million aggregate liquidation preference of Series J Depositary Shares representing interests in its Preferr...

MIAMI--(BUSINESS WIRE)--Citigroup Center, an 810,000-square-foot, 34-story trophy tower in Downtown Miami and the second-largest Class A office building in Florida, today announced that it has executed 38,731 total square feet of leasing agreements. The agreements include six new tenants and two lease renewals, one with an expansion. Four of the new tenants will occupy brand new spec suites com...

Citigroup (NYSE: C) stock price is doing modestly well this year as investors cheer Jane Fraser's turnaround strategy. The shares have risen by about 2.65% this year, outperforming other Wall Street companies like Morgan Stanley, Goldman Sachs, and Bank of America.

Buffett's attractively valued holdings include two bank stocks, two oil stocks, five Japanese stocks, and a tech stock. The legendary investor has recently reduced Berkshire Hathaway's stakes in a couple of these stocks.

Citigroup's target of 11% to 12% return on tangible equity in the medium term is doubted by analysts and investors. If Citigroup achieves its target, the share price could reach 1.1x to 1.2x tangible book value. Citigroup's tangible book value is expected to reach around $100 by the end of 2025, with a conservative valuation of $80 per share.