Monday, April 1st, 2024We enter a new trading day, month and quarter with plenty of events ahead of us. For one thing, we’re in a new Jobs week, where JOLTS (and Job Quits) numbers on Tuesday join Wednesday’s ADP private-sector jobs report, followed by Weekly Jobless Claims on Thursday and non-farm payrolls from the U.S. Bureau of Labor Statistics (BLS) on Friday morning. Better-than-expected employment news has helped backstop both markets and the economy at a time many had predicted both would have begun ...

The first quarter of 2024 was the banner one for the S&P 500 Index. It rallied more than 10% during the period, thus marking the best first-quarter performance in five years.This also reflected that the momentum that started in November 2023 has continued this year as well. The primary drivers for the steady uptrend in the index are the clarity on the path of interest rates and robust economic growth, along with persistently cooling inflation numbers. Thus, almost all the sectors within the S&P 500 Index ra ...

Olena_T Approaching 2024, I have assigned Citigroup (NYSE:C) a "Strong Buy" rating, arguing that the bank's stock is on the brink of appreciable valuation growth due to several key factors: The bank has lately been making good progress in restructuring its operations, setting up for an expanding cost-to-income ratio going into 2024 and beyond. Moreover, conviction on rate cuts is building confidence on an improving credit environment, with both supportive loan growth and manageable write-downs on the bank's ...

Dividend Monsters That Warren Buffett Loves Justin Sullivan / Getty Images If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world. His annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. Known for his long buy-and-hold strategies, and his massive portfolio of public and private holdings, he remains one of the preeminent investors in the enti ...

In the latest market close, Citigroup (C) reached $61.33, with a +2% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.2%.Heading into today, shares of the U.S. bank had gained 8.68% over the past month, outpacing the Finance sector's gain of 4.23% and the S&P 500's gain of 5.11% in that time.Market participants will be closely following the financial results of ...

The market has rallied impressively over the past several months, with the S&P 500 index reaching all-time highs that confirm a new bull market is underway in stocks. With this recent rally, some stock valuations may be stretched, making it harder to find deals. Good news for you: There are still plenty of deals to be had in the market today.Bank stocks have been slow to recover amid the high interest rate environment, which has been a headwind to businesses. However, there are at least three bank stocks th ...

Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February.Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press release.“This investment from one of the largest banking groups in the world, with market-leading positions globally in corporate, private and retail banking, represents a major milestone as we ...

Citigroup is investigating workplace harassment allegations made by at least one employee against a senior US banker who works on initial public offerings, four people with direct knowledge of the matter said.Edward Ruff, a managing director in Citi’s equity capital markets group in New York, has been on leave since January, according to the people, who requested anonymity to speak freely.The bank is probing at least two instances of alleged abusive behavior by Ruff against several subordinates on the indus ...

Citigroup (C) closed the most recent trading day at $57.45, moving +0.07% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.12%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.54%.The U.S. bank's shares have seen an increase of 6.47% over the last month, surpassing the Finance sector's gain of 4.07% and the S&P 500's gain of 2.06%.The investment community will be paying close attention to the earnings performance of Citigroup in its ...

HSBC Holdings PLC (HSBC) intends to hire roughly 50 bankers for its U.S. commercial bank to cater to the lending requirements of startup companies, particularly those operating in the technology and healthcare sectors. This was disclosed by Wyatt Crowell, head of U.S. commercial banking at HSBC, in an interview with Reuters.Since startup companies generally find it difficult to finance their operations from major lenders until they become established, HSBC expects to bridge the gap through an expansion in i ...