|Bid||63.99 x 800|
|Ask||64.00 x 1000|
|Day's Range||62.34 - 64.07|
|52 Week Range||62.34 - 80.70|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 14, 2019|
|Forward Dividend & Yield||1.80 (2.74%)|
|1y Target Est||85.11|
In the previous part of this series, we looked at how investment pioneer Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) added about 522,902 more Apple (AAPL) shares in its portfolio in the third quarter. Now let’s see how Buffett’s top two bank holdings (IYF) changed in the last quarter.
The State Department’s zigzag on Iran sanctions, President Donald Trump’s tweets about OPEC supply, the demand-sapping trade war with China and the explosion of shale oil production are all key factors leading to the collapse in crude prices since early October, Ed Morse, head of commodities research at Citigroup Inc., said in a phone interview. “The oversupply in the market is a made-in-America phenomenon,” Morse said Wednesday.
Negotiators in the EU and U.K. on Tuesday agreed on the provisional final terms for Brexit. Here’s what it means for markets and the financial world.
Investing.com - The selloff on Wall Street continued for a second-straight day as a selloff in energy weighed on risk sentiment.
Citi has been consolidating its New York area staff anyway, moving workers to its headquarters in glitzy Tribeca and other locations. The tower at One Court Square, bearing Citi's name on the top, opened nearly 30 years ago and has been home to various Citi units. Citigroup is rolling out the red carpet for Amazon AMZN 's move to the New York City area by moving more than 1,000 employees out of its Queens office tower to accommodate the e-commerce giant.
The banking giant said it would move workers from its office tower in Long Island City to other locations in the first half of next year "to make room for Amazon."
Citi today announced that it will move approximately 1,100 colleagues out of its space at One Court Square in Long Island City over the first half of next year to make room for Amazon to establish its new headquarters in New York. Citi currently occupies about one million square feet in One Court Square and is accelerating plans to consolidate colleagues at its Tribeca headquarters and other locations.
Citigroup (C) might acquire a majority stake with 51% holding in its Chinese securities venture -- Citi Orient Securities Co Joint venture -- reports Bloomberg.
Marcie Allen, music executive and founder of MAC Presents, is an expert at pivoting her career and carving her own path, and has thrived in the music industry for more than two decades. Through her company MAC Presents, Allen creates corporate sponsorships between brands and musicians, forging powerful—and lucrative—deals.
Talks with existing JV partner Orient Securities Co. about Citigroup raising its stake to 51 percent from 33 percent haven’t led anywhere, leading executives to start weighing other options, the people said. Citigroup also wants the JV to push into equities and fixed-income trading, a move that would put it in direct competition with Orient Securities, they said. Foreign firms can only enter China’s securities market by setting up joint ventures with local partners, a restriction that exists in several industries.
Investing.com - The Dow tumbled Monday as tech stocks continued to bleed, led by a selloff in Apple on fresh signs of weak iPhone demand.
Goldman Sachs[ticker symb=GS] stock tumbled on Monday, as the fallout deepened over a scandal surrounding the plundering of a Malaysian government investment fund. Other bank stocks also fell. Goldman Sachs Stock Goldman Sachs stock plunged 7.5% to close at 206.05 in the stock market today. The drop follows a 3.9% decline on Friday. The stock over that time has sliced...
Investing.com - Apple shares fell sharply Monday, triggering a rout in the broader tech sector, after one of its suppliers cut its outlook, fuelling speculation of waning demand for Apple's latest iPhones.
Citibank, N.A. Ecuador Branch, with support from Citi Inclusive Finance and Banco Guayaquil, reached a three-year, $20 million financing agreement in September to expand financial inclusion in Ecuador by supporting Guayaquil’s ability to provide micro-loans through its “Banco del Barrio” program. With over 520,000 previously-unbanked clients that now have “Amiga Accounts” and a $70m loan book to finance microenterprises, Banco Guayaquil’s “Banco del Barrio” is one of the pioneering and most comprehensive inclusive finance programs in Latin America, significantly expanding access to financial services in Ecuador by leveraging a network of more than 4,400 non-bank customer touchpoints across the country.
Citi has today announced the launch of its Multi-Currency Notional Pooling Capabilities in the Netherlands.
The owners of a soaring office tower in the Long Island City neighborhood of Queens are in a tough spot. Savanna, a New York real-estate investor, faces a looming, million-square-foot hole in One Court Square, the 53-story property that many New Yorkers know best as the tower with the Citi sign staring out across the East River. The investment firm is in advanced discussions with Amazon.com to lease much or all that vacant space, if the online retail giant decides to put some of its HQ2 operations in New York, according to people familiar with the matter.
Citigroup (C) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The enthusiasm is spreading to bank executives who see a bonanza ahead if the president-elect does what’s needed to fix the economy. Just two years after drastically reducing its presence in Brazil, HSBC Holdings Plc is speeding up discussions about coming back to the local markets and creating a full corporate and investment bank, according to a person familiar with the plans.
Citi Community Development has commissioned famed photographer Gus Powell to create Bring Them Homes: Photographs of Resilience, a 30-image exhibition that shines a light on the perseverance and dynamic stories of veterans that were once homeless or at risk of homelessness. The exhibition, curated by the Citi Fine Art Department, will be open to the public and on display at Citi’s Long Island City Offices, 1 Court Square, from November 8th through January 30, 2019. According to the Department of Housing and Urban Development (HUD), more than 40,000 veterans experienced homelessness and nearly 120,000 veterans used an emergency shelter or transitional housing in the United States in 2017.
The Global Family Office Group Guide to Mitigating Potential Reputational Risks