C Citigroup
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Citigroup News
Citi's Investment-banking Revenue Tracking 50% Above Year-ago Level
By Steve Gelsi CFO Mark Mason projects strong second-quarter growth as deal-making rises, while touting long-term growth of its services unit Citigroup Inc. financial chief Mark Mason said Tuesday t
KBW Maintains Citigroup(C.US) With Hold Rating, Raises Target Price to $69
KBW analyst David Konrad maintains $Citigroup(C.US)$ with a hold rating, and adjusts the target price from $66 to $69.According to TipRanks data, the analyst has a success rate of 69.5% and a total av
Express News | Citigroup : KBW Raises Target Price to $69 From $66
Citigroup: Bilibili-W's mobile game "Three Kingdoms: Strategy of the World" performed far beyond expectations.
Citigroup released a research report stating that the latest mobile game "Three Kingdoms: Strategy of the Unified World" released by Bilibili-W (09626) performed far beyond expectations. Data shows that from June 13th to 19th, the mobile game ranked third in total revenue among iOS games. Based on the latest ranking and the performance of other strategy games, Citigroup expects that if the mobile game can maintain its position in the top 10, its first-month revenue will reach 700 million to 1 billion yuan. The bank stated that strategy games usually have a longer life cycle, especially Three Kingdoms-themed games, which means that the group's prospects in 2025 and 2026 will be improved. The bank believes that Three...
Cosan Taps Bank of America, JPMorgan, Citi for US IPO of Moove Unit
Citigroup (C) Q2 IB Fees to Surge 50% on Upbeat Capital Markets
Taiwan Semiconductor's market cap approaches $1 trillion as major Wall Street firms like Goldman Sachs raise their target prices.
As Taiwan Semiconductor's market cap approaches the $1 trillion mark, the call for optimism is getting higher. Several Wall Street brokerages raised their target price for Taiwan Semiconductor this week, citing the surge in demand for AI-related products and potential price hikes in 2025 that will boost Taiwan Semiconductor's profits. The most optimistic is Goldman Sachs, which raised its target price by 19% to NT$1,160, as it expects the manufacturing prices of 3-nanometer and 5-nanometer chips to rise by "low single-digit percentages." JPMorgan said Taiwan Semiconductor could raise its revenue outlook for 2024 and may even increase capital expenditure to the high end of guidance range, forecasting AI-related growth until 2028.
Taiwan Semiconductor's market cap is approaching one trillion US dollars, with a cumulative increase of 73% this year.
The rise in Taiwan Semiconductor's stock price has brought its market cap closer to $1 trillion. Currently, there is increasing call for Taiwan Semiconductor on Wall Street. Calculated based on Taiwan Semiconductor's American depositary receipt (ADR) listed in the United States, the company surpassed Berkshire Hathaway, owned by Buffett, last week and became the world's eighth largest company by market cap. Since the beginning of this year, the price of Taiwan Semiconductor's ADR has cumulatively risen by 73%. As of Tuesday's close, its market cap reached $932 billion, not far from the threshold of $1 trillion. The leader in the wafer foundry industry has become a major beneficiary of the widespread application of artificial intelligence (AI). Its cutting-edge technology and reasonable valuation make it
Citigroup rates Sunny Optical as a "buy" and sets the target price at HKD 63.5.
Citigroup has released a research report stating that it has a "buy" rating on Sunny Optical Technology (02382) with a target price of HKD 63.5. The company's management expects that its share in high-end mobile phone products will further increase, partly due to its increasing share among international customers, which will support the company's better performance in gross profit and product average price this year. In addition, Sunny Optical will maintain its position in the field of automotive lens and increase its business in the automotive field by expanding its customer base to increase the market share of automotive module.
Citigroup: Increases forecast for mainland China's electricity demand growth this year, preferring China Res Power and other electrical utilities.
Citibank has released a research report recommending a buy rating for China Res Power (00836) with a target price of HKD 25.5. The report predicts this year's growth in China's power demand will increase from the previous 6% YoY to 7.5%, and further increase to 7% next year, mainly driven by the development of charging services, electric machinery and equipment manufacturing, rare metal smelting, and related industries in AI and electrified railway transportation. Higher expected growth in power demand should benefit power grid equipment suppliers to increase capital expenditure and improve the utilization rate of coal-fired power plants. The preferred supplier is Henan Pinggao Electric (6).
Citigroup (C.US): Business prospects are improving, and investment banking fee income is expected to increase by 50% in Q2.
According to Zhītōng Cáijīng, Citigroup (C.US) stated that due to the improved prospects for M&A advisory and bond and stock underwriting businesses, it is expected that investment banking business fee income in the second quarter will increase by 50% compared to the same period last year. In contrast, Citigroup CFO Mark Mason stated on the company's Investor Day on Tuesday that revenue from market business will remain "flat or slightly down." Mason said that net interest income excluding market business will "slightly decline." Earlier this month, Viswas Raghavan, a senior executive at JPMorgan (JPM.US), joined Citigroup to oversee its banking industry.
Express News | Brazilian Fintech Picpay Is Working With Citigroup on US IPO - Bloomberg News
Overnight news: Analysts are bullish on Nvidia's market cap rising to 5 trillion dollars, while Apple is putting the development of the second generation of Vision Pro on hold. Consumer spending in the United States is slowing down.
For more global financial news, please visit the 7x24-hour real-time financial news website. Market closing: S&P and Nasdaq hit new records. Nvidia becomes the largest US stock market capitalization. On June 18th, the top 20 US stock market turnover: Nvidia hit a new high again and became the market cap champion. US WTI crude oil rose 1.5% on Tuesday, continuing yesterday's rise. Popular China concept stocks rose and fell on Tuesday. Taiwan Semiconductor rose 1.4%, and PDD Holdings fell 2.8%. Major European stock indices closed up, with the Euro Stoxx 50 index up 0.71%. Macro news: Ukraine's Prime Minister: Negotiations for Ukraine to join the European Union will start on the 25th. It is reported that the European Union will ...
Citigroup (C) Exceeds Market Returns: Some Facts to Consider
Global market cap leader, Nvidia, Several Fed officials urge to remain patient with rate cuts, Goldman Sachs still expects two rate cuts by the Fed this year.
The top news that global financial media collectively focused on last night and this morning are: multiple Fed officials urge patience in cutting interest rates. A few people gave time-line hints. Multiple Fed officials emphasized on Tuesday that more evidence of inflation cooling is needed before lowering interest rates, and two decision-makers expressed their own views on possible action time. Adriana Kugler, a member of the Federal Reserve Board of Governors, said that if the economy develops as she expects, cutting interest rates may be appropriate "later this year." Alberto Musalem, the president of the St. Louis Federal Reserve, expressed in his first important policy speech since he took office
Citigroup Investor Day: CEO Stresses Restructuring Efforts
Citigroup Options Spot-On: On June 18th, 138.88K Contracts Were Traded, With 2.75 Million Open Interest
On June 18th ET, $Citigroup(C.US)$ had active options trading, with a total trading volume of 138.88K options for the day, of which put options accounted for 29.08% of the total transactions, and call
Inside Citigroup's Most Mysterious Business -- 2nd Update
By Justin Baer One of Citigroup's oldest businesses is finally ready for its close-up. For decades, Citi Services has moved money around the world for companies and safeguarded big investor assets.
Express News | Citi CFO Bank Is Making Significant Investments Across Regulatory Reporting, Data, Resolution Planning
Express News | Citi CFO Says Mexico Election Result Does Not Affect IPO Plans for Banamex
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