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Citigroup Newsroom
Express News | Citigroup : RBC Raises Target Price to $74 From $67
Citi: It is reported that HSBC Holdings plans to cut $3 billion in costs during restructuring, which has a positive impact on the stock price.
Citigroup released a research report stating that HSBC Holdings (00005) plans to cut costs by 3 billion dollars in the restructuring process, which accounts for about 10% of its cost base, involving large-scale layoffs, including about 40% of 175 senior managers. The bank believes that this news will have a positive impact on HSBC's stock price, as it helps to narrow the efficiency gap between HSBC and other domestic peers outside of Hong Kong and the United Kingdom, though there are execution risks. HSBC is one of the most Bullish stocks in the bank's assessment of Hk Based Banks in Europe and Hong Kong.
Citibank gives YUE YUEN IND a "Buy" rating with a Target Price of HKD 20.3.
Citibank released a research report stating that YUE YUEN IND (00551) has seen a 10.9% increase in Revenue for its footwear manufacturing Business (MFG) year-to-date, and the situation in the first 11 months of this year aligns with the bank's expectations. Since the end of September, due to revenue growth and gross margin expansion for the fourth quarter of 2024, the MFG Sector has performed strongly, with stock prices rising over 25%, assigning a Target Price of HKD 20.3 and a 'Buy' rating.
Citigroup Options Spot-On: On December 11th, 139.52K Contracts Were Traded, With 2.36 Million Open Interest
Wall Street commodity traders' performance this year is expected to be the worst since before the pandemic
As market volatility weakens, the commodity trading business of the world's major investment banks may experience the worst year since before the outbreak of the pandemic. According to data compiled by Coalition Greenwich, the combined net revenue of more than 250 companies, including Goldman Sachs, Citigroup, and J.P. Morgan Chase, will reach 10.6 billion US dollars this year, which is nearly one-fifth less than last year's total revenue. Angad Chhatwal, head of global macro markets at Coalition Greenwich, said, “The trading boom is fading away, and revenue will drop a further 3% in 2025.” Chinese flag, tall
US inflation is in line with expectations, consolidating market expectations that the Fed will cut interest rates next week
Consumer prices in the US rose steadily last month as expected, strengthening the market's expectations that the Federal Reserve will continue to cut interest rates next week. The so-called core consumer price index, which excludes food and energy costs, rose 0.3% for the fourth month in a row, according to data released by the Bureau of Labor Statistics on Wednesday. The indicator climbed 3.3% year over year. Economists believe that core inflation reflects the underlying inflation trend better than the overall CPI, which includes frequently fluctuating food and energy prices. The overall CPI rose 0.3% month-on-month, while the year-on-year increase was 2.7%. The S&P 500 index opened higher, and US Treasury yields were released after the CPI data was released
Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock
Citigroup & JPMorgan Expect Q4 IB and Market Revenues to Rise
KBW Maintains Citigroup(C.US) With Buy Rating, Maintains Target Price $82
Citi: Maintains ND PAPER's "Neutral" rating, with the Target Price lowered to HKD 3.7.
Citi has released a research report stating that it is maintaining its earnings forecast for ND PAPER (02689), but has lowered its Target Price from 4.3 Hong Kong dollars to 3.7 Hong Kong dollars, believing that the opportunities for profit improvement are limited in the current environment. The firm expects the four major paper companies in China to continue expanding their production capacity despite low profitability, as it is easier for companies to obtain permits in provinces or cities in China. The firm maintains a 'neutral' rating for ND PAPER and LEE & MAN PAPER (02314).
Bain Capital has increased its Quote for the acquisition of Fujifilm Holdings Corporation Unsponsored ADR Software.
According to informed sources, Bain Capital is increasing its bid for the Japanese information technology company Fujifilm Holdings Corporation Unsponsored ADR, extending the bidding war with the American private equity giant KKR. Sources say that the Boston-based investment firm plans to acquire Fujifilm Holdings Corporation Unsponsored ADR at a price of 9,600 Japanese yen per share. This is 1.6% higher than KKR's offer of 9,451 Japanese yen per share, valuing Fujifilm Holdings Corporation Unsponsored ADR at approximately 647 billion yen (about 4.3 billion USD). This move by Bain Capital comes less than two weeks before KKR's acquisition bid for Fujifilm Holdings Corporation Unsponsored ADR expires on December 19.
Proxymity Launches Vote Connect Global With Citi Securities Services
Citi Cuts ESG Analyst Jobs as Research Group Trimmed
Trump is trending towards financial deregulation, Goldman Sachs (GS.US) cheers as the merger and acquisition market welcomes Bullish news.
During the Trump era, merger and acquisition Trades are expected to increase, and Wall Street Banks are likely to benefit.
Citigroup Options Spot-On: On December 10th, 110.17K Contracts Were Traded, With 2.37 Million Open Interest
Market Falls Wednesday, but Googles Chip Impresses | WST
JPMorgan has adjusted its net interest income guidance and now expects it to exceed Analyst expectations.
JPMorgan has changed its previous statement regarding Analysts being overly optimistic, now indicating that the bank expects net interest income next year to exceed expectations. Marianne Lake, the head of Consumer and Community Banking at JPMorgan, stated on Tuesday at a financial services conference hosted by Goldman Sachs that this key revenue could be about 2 billion dollars higher than current estimates. Lake mentioned that when the company releases its third-quarter results, Chief Financial Officer Jeremy Barnum talked about the consensus expectation of net interest income in 2025 being slightly too high at 87 billion dollars. She stated, "The situation has changed."
Sector Update: Financial Stocks Mixed Tuesday Afternoon
Spotlight on Citigroup: Analyzing the Surge in Options Activity
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