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Express News | Citigroup Down 2.5%, Bank of America Down 2%, Morgan Stanley Down 1.7%
Express News | JPMorgan Chase Down 1.8%, Goldman Sachs Down 2.2%, Wells Fargo Down 2.1%
Express News | Big US Banks Decline Premarket After China Announces Additional Tariffs on US Goods
U.S. Banks' Credit Default Protection Costs Stay Elevated As Tariffs Take Effect -- Market Talk
Citi: Expects Alibaba's cloud Business revenue growth to continue accelerating, reiterating "Buy" rating.
Citi released a Research Report stating that Alibaba-W (09988) (BABA.US) expects its Customer Management Revenue (CMR) to perform steadily for the fourth quarter of the 2025 fiscal year ending in March this year. The increase in merchant service fees and the rise in the overall site promotion (Quanzhantui) penetration rate will drive an improvement in the monetization ratio, and the momentum for CMR growth is expected to continue. Additionally, revenue growth in the cloud business may also continue to accelerate. The bank also adjusted its forecasts for the fourth quarter of the 2025 fiscal year, raising its total revenue forecast by 0.7%, but lowering its non-GAAP Net income forecast by 3.8%, with the company's Target Price set at HKD 166.
Truist Financial Maintains Citigroup(C.US) With Buy Rating, Maintains Target Price $84
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