Legal & HR - An ex-Citigroup employee sued the bank for unfair dismissal and discrimination [1] - The employee alleges she was unfairly dismissed after saying it was a "nightmare" to work with Indians during a job interview [1]

智通财经7月9日电，花旗集团将联邦快递目标价格从259美元上调至278美元。 ...

金十数据7月9日讯，花旗分析师表示，特朗普关税是铜市场的分水岭。他们在一份报告中写道，特朗普 关税将突然关闭向美国出口铜的窗口，或许在2025年的剩余时间里都如此，随着库存减少取代进口，进 口需求将崩溃。 花旗：2025年剩余时间向美国出口铜的窗口或将关闭 ...

现货铜 花旗：美国铜关税或将LME铜价推低至9000美元以下 金十数据7月9日讯，花旗研究分析师Tom Mulqueen表示，特朗普周二宣布，美国将对铜征收50%的关 税，这可能会使LME铜价跌至每吨9000美元以下。美商务部长卢特尼克隔夜表示，特朗普将在8月1日 或更早之前对铜征收50%的关税。关税实施时间表的明确性对非美国市场定价至关重要，这将终结近月 来非美国地区现货铜大量流向美国的现象。从0到3个月的前景来看，这应会推动非美国地区铜价回落至 每吨8800美元。 ...

Citi is adding 510 new jobs in Charlotte, further cementing the North Carolina city as a financial center for Wall Street banks https://t.co/dxFCLFES6i ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Citigroup Inc. shares reached a new 52-week high of $88.82, closing at $87.60, with a 35.3% increase over the past year, compared to the industry's 41.2% growth [1][9] Financial Performance - Citigroup passed the Federal Reserve's 2025 stress test, indicating strong capital to absorb significant losses [4] - The company plans to increase its quarterly dividend by 7% to 60 cents per share starting in Q3 2025, pending board approval [5] - Citigroup's current dividend yield is 2.56%, higher than Wells Fargo's 1.94% and Bank of America's 2.14% [6] Capital Management - Citigroup has a $20 billion stock repurchase program, with $1.75 billion in shares bought back in Q1 2025 and a similar target for Q2 [7] - As of March 31, 2025, Citigroup's cash and investments totaled $761 billion, with total debt at $317.5 billion, indicating a strong liquidity position [8] Business Restructuring - The company is simplifying its governance structure, reducing management layers from 13 to eight, and has announced plans to eliminate 20,000 jobs over two years, saving $2-2.5 billion annually by 2026 [10][11] - Citigroup is exiting consumer banking operations in 14 markets, having successfully exited in nine countries, which is expected to free up capital for higher-return segments [12][16] Revenue Growth - Citigroup's net interest income (NII) has a CAGR of 8.4% from 2020 to 2024, with expectations of a 2-3% increase in 2025 [16][17] - The company is expanding its presence in private credit through partnerships, including a $25 billion direct lending initiative with Apollo Global Management [18][19] Estimates and Valuation - Consensus estimates suggest a 3.5% and 3.2% increase in sales for 2025 and 2026, respectively, with earnings expected to rise by 23.2% and 27.6% [20] - Citigroup's current P/E ratio is 10.46x, lower than the industry average of 15.06x, indicating a potentially undervalued stock [22][25] Strategic Outlook - Citigroup's strong capital levels, operational efficiency improvements, and strategic exits position it for long-term growth, despite rising expenses and a complex overhaul plan [26][27]

智通财经7月8日电，英特尔涨近5%，消息上，花旗集团将英特尔的目标价从21美元调整到24美元，维 持中立评级。 ...

Core Viewpoint - Despite renewed tariff threats from the Trump administration, Wall Street's confidence in the U.S. stock market appears to be increasing, with major investment banks raising their year-end targets for the S&P 500 index [1][3]. Group 1: Market Sentiment and Predictions - Goldman Sachs has raised its year-end target for the S&P 500 index from 6100 to 6600 points, indicating a potential 5.9% upside for the U.S. stock market by year-end [1]. - The optimism in the market is driven by expectations of earlier interest rate cuts from the Federal Reserve, declining U.S. Treasury yields, and the strong performance of large corporations [3][4]. - Goldman Sachs also increased its 12-month forward target for the S&P 500 from 6500 to 6900 points, citing strong first-quarter earnings as a confidence booster [4]. Group 2: Impact of Tariffs - The Trump administration's tariff threats have created significant uncertainty, but the fundamental strength of large-cap stocks and long-term investor outlooks are supporting market prospects [4]. - Companies are expected to gradually adjust their cost-cutting and pricing strategies to mitigate the negative impacts of tariffs, with large companies having sufficient inventory to buffer against immediate tariff increases [4]. - The actual impact of tariffs remains a focal point for investors, as some U.S. companies have already lowered or canceled profit forecasts due to anticipated rising input costs [7]. Group 3: Earnings Season Outlook - The upcoming earnings season is viewed as a critical test for market resilience, with major banks and tech giants set to report [5][6]. - Analysts expect the average earnings per share for S&P 500 constituents to grow by 4.5% year-over-year, with the "Tech Seven" contributing nearly half of this growth [6]. - A weaker dollar, which has depreciated by 10% against a basket of currencies this year, is seen as a favorable factor for large-cap tech stocks, as approximately 60% of their revenue comes from overseas [6].

Core Viewpoint - Citigroup has raised its target price for Nvidia to $190 per share, indicating a potential upside of approximately 15% from last Thursday's closing price, as Nvidia's market capitalization approaches $4 trillion and its stock has risen 12% over the past month [1][3] Group 1: Market Demand and Growth Projections - There is a significant increase in demand for AI infrastructure from sovereign nations, with analysts predicting that this demand could contribute billions in revenue by 2025 and expand further in 2026 [3] - Citigroup has revised its Total Addressable Market (TAM) expectations for the AI computing market from $500 billion to $563 billion by 2028, reflecting a 13% growth, and for the networking equipment market from $90 billion to $119 billion [3] Group 2: Nvidia's Role and Product Development - Nvidia is positioned as a core player in the construction of national-level AI systems, participating in nearly all sovereign AI infrastructure projects [3] - The Nvidia Blackwell GB200 chip is becoming the central power for AI clusters, with deployment accelerating and supply chain bottlenecks easing, while the next-generation GB300 chip is expected to facilitate a smooth transition [3] Group 3: Financial Projections - Citigroup forecasts a 5% increase in Nvidia's data center revenue for the fiscal year 2027 and an 11% increase for fiscal year 2028, with networking equipment sales expected to grow by 12% and 27% respectively [3] - The platform allocation rate is projected to reach 20%, with gross margins stabilizing around 75% by the end of the year [3]