Citigroup Inc. (NYSE:C) is one of the 10 Goldman Sachs undervalued stocks to invest in. Citigroup (C) EPS Beat Drives Q4 2025 Results Ken Wolter / Shutterstock.com On January 14, 2026, Citigroup Inc. (NYSE:C) reported Q4 2025 results, delivering an earnings beat primarily driven by a sharp recovery in dealmaking and stronger corporate client activity. On an adjusted basis, Citigroup Inc. (NYSE:C) posted earnings of $1.81 per share, beating the $1.67 consensus. Earnings were driven by the 35% year-over- ...

花旗全球市场亚洲交易策略主管穆罕默德·阿帕巴伊20日在这份报告中写道，风险平价基金可能需要卖 出其当前风险敞口三分之一的资产。这些基金在股票、债券和大宗商品等多个类别配置资产。如果这些 基金选择卖出，仅在美国就可能引发高达1300亿美元的债券抛售。 花旗银行报告称日债动荡恐致美债遭大规模抛售 卜晓明 美国花旗集团一份研究报告20日说，日本国债市场动荡可能外溢至其他市场，尤其是美国国债市场，迫 使一些投资者降低多种资产类别的投资风险。 日本30年期和40年期国债收益率20日上涨超过25个基点并创新高。随着日本定于2月8日举行众议院选 举，投资者担心市场波动今后将进一步加剧。 随着多国债市大幅波动，国际现货黄金价格21日突破每盎司4880美元，创历史新高。（完）（新华社专 特稿） 美国财政部长贝森特说，他已与日本财务大臣片山皋月通电话，并称日本债市波动加剧已影响美债市 场。 由于对日本财政状况的担忧日益加剧，日本债券市场波动性自去年初以来一直上升，并对全球产生显著 溢出效应。彭博社分析，这一转变源于日本央行决定放弃收益率曲线控制政策，并开始逐步减少购买日 本国债。 与此同时，为反制美国总统特朗普多次扬言要得到丹麦 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the AI sector, with the CSI Artificial Intelligence Theme Index rising by 2.68% and significant gains in individual stocks such as Lanke Technology and Zhongke Shuguang [1] - The AI Artificial Intelligence ETF has seen continuous net inflows over the past week, totaling 802 million yuan, with a peak single-day inflow of 318 million yuan [1] - The storage chip sector is experiencing a strong upward trend, driven by rising prices and increased demand due to AI, with companies like SanDisk and Seagate receiving target price upgrades from Citigroup [2] Group 2 - CITIC Securities believes that regional friction provides a window for domestic semiconductor alternatives, with companies like Huawei and Cambricon rapidly improving their chip performance [2] - The CSI Artificial Intelligence Theme Index includes 50 companies involved in providing resources, technology, and application support for AI, with the top ten stocks accounting for 58.08% of the index [2] - The AI Artificial Intelligence ETF closely tracks the CSI Artificial Intelligence Theme Index, reflecting the overall performance of AI-related listed companies [2]

Group 1 - The Shanghai Free Trade Account (FT Account) has seen significant developments recently, with the approval of new financial institutions and upgrades to existing accounts, indicating a potential increase in foreign participation in China's cross-border financial activities [1][2] - Morgan Stanley Bank (China) Limited's Shanghai branch has been approved as the first new FT account financial institution in over five years, marking a notable opportunity for foreign banks in the region [1] - As of the latest update, there are 62 financial institutions with FT account qualifications in Shanghai, with 49 being banks, reflecting a growing trend in the FT system [1] Group 2 - The implementation of the "Implementation Measures for the Function Upgrade of Free Trade Accounts" by the People's Bank of China on December 5 has introduced significant policy upgrades, allowing for more flexible cross-border fund transfers [2][4] - The new regulations enable trial enterprises to conduct capital account business without the constraints of external debt quotas or prior registration with foreign exchange authorities, enhancing operational efficiency [2][4] - Major banks, including state-owned and foreign banks, have quickly responded to the new policy by facilitating the opening of upgraded FT accounts for clients, indicating strong market interest and potential for increased cross-border trade [3][4] Group 3 - The recent policy changes are expected to create a multiplier effect for cross-border trade and investment, improving the efficiency of capital allocation for enterprises [4] - The expansion of the FT account system is anticipated to continue, with more financial institutions likely to be added to the list of qualified entities in the future [5]

Core Viewpoint - The volatility of Japanese government bonds has sharply increased, which may lead to heightened volatility in other asset classes, particularly U.S. Treasuries, necessitating a reduction in overall portfolio sizes [1] Group 1: Impact on Investment Strategies - Risk parity funds may need to sell up to one-third of their current exposures, potentially triggering a bond sell-off of up to $130 billion in the U.S. alone [1] - The increase in volatility of Japanese bonds is expected to have a significant impact on the Korean bond market, which is highly susceptible to these fluctuations [1] Group 2: Foreign Investment Concerns - Since July 2024, foreign investors have incurred cumulative losses exceeding 10% on Korean government bonds, raising the risk of triggering stop-loss sell-offs [1] - The UK government bonds may also face similar risks due to the increased volatility in Japanese bonds [1]

Market Overview - US stock indices experienced a significant decline, with the Dow Jones falling by 870 points (1.76%), the S&P 500 down by 143.15 points (2.06%), and the Nasdaq dropping by 561.07 points (2.39%) [1] - The Chicago Board Options Exchange Volatility Index (VIX), known as Wall Street's "fear index," surged above 20, reaching recent highs [1] Technology Sector - Major tech stocks saw substantial losses, with Nvidia and Tesla both dropping over 4%, while Apple and Amazon fell more than 3% [2][3] - Nvidia's stock price was reported at $178.07, down 4.38%, and Tesla at $419.25, down 4.17% [3] Streaming and Media - Netflix's post-market decline expanded to nearly 5% due to disappointing first-quarter earnings outlook and adjustments to its acquisition proposal for Warner Bros. assets to an all-cash offer totaling $82.7 billion [4] Semiconductor Industry - The semiconductor sector faced widespread declines, with Broadcom and Skyworks Solutions dropping over 5%, while TSMC fell more than 4% [4] Banking Sector - Bank stocks also fell across the board, with Citigroup down over 4% and JPMorgan and Morgan Stanley both declining more than 3% [4] Chinese Stocks - Chinese stocks mostly declined, with JinkoSolar down 12.5% and CenturyLink down over 10% [4][5] Bond Market - US Treasury yields rose to a four-month high, while the dollar index fell by 0.41%, marking its worst two-day performance in about a month [6] Precious Metals - Gold and silver prices reached new highs, with spot gold exceeding $4,763 per ounce and silver surpassing $94 per ounce [8][9] Cryptocurrency Market - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping below $90,000 and Ethereum falling below $3,000, affecting approximately 163,000 traders [10][11]

Core Viewpoint - The current move away from American assets is not expected to be long-lasting, according to Citigroup CEO Jane Fraser [1][7]. Market Reactions - U.S. stocks experienced a significant decline, the dollar weakened, and bond prices fell, leading to a sharp increase in Treasury yields, while investors shifted towards gold and silver following the announcement of tariffs related to Greenland [2][3]. Investor Sentiment - Fraser expressed confidence that momentum will return to favor American assets, emphasizing the resilience of American entrepreneurs and consumers despite geopolitical challenges [3][4]. - Corporate leaders are optimistic about a resolution to the current uncertainties, and companies have adapted to manage trade disruptions effectively [4][6]. Economic Outlook - The U.S. economy is positioned strongly, with robust consumer spending during the holidays and potential increases in spending due to tax code changes. Companies may also benefit from deregulation and investments in AI [5][6].

Core Viewpoint - Citigroup Chair and CEO Jane Fraser does not anticipate Congressional support for President Trump's proposed 10% cap on credit card interest rates, arguing it would negatively impact credit access and the economy [1][3]. Group 1: Impact of Proposed Interest Rate Cap - Fraser emphasized that a cap on credit card interest rates would restrict access to credit, potentially benefiting only the wealthy while denying credit to those in need [3]. - The macroeconomic effects of such a cap would be concerning, as it could lead to reduced consumer spending, adversely affecting sectors reliant on credit card transactions, including airlines, retailers, hotels, and restaurants [4]. - Fraser advocates for extending access to credit rather than restricting it, highlighting the importance of credit in consumer spending and economic health [4]. Group 2: Industry Response - Trump has expressed a commitment to addressing high credit card interest rates, stating that the public should not be "ripped off" by companies charging excessive rates [5]. - JPMorgan Chase's CFO Jeremy Barnum indicated that the banking industry might oppose the proposed credit card price caps, suggesting that any unsupported directives could lead to significant changes in business practices [6].

Core Viewpoint - Citigroup's global banking head, Vis Raghavan, believes that investors will overcome the initial "shock and fear" caused by President Trump's new tariff threats against Europe [1] Group 1 - Raghavan expressed hope that rationality will prevail, leading to some form of compromise, and that adjustments will be necessary for a positive outcome [1] - He noted that history shows that a resolution is likely, referencing last April's tariff measures that were later modified and are now "largely priced in" by the market [1]

Core Viewpoint - Citigroup CEO Jane Fraser does not anticipate that Congress will approve the proposed caps on credit card interest rates suggested by President Donald Trump [1] Group 1 - The statement reflects Citigroup's position on potential regulatory changes in the credit card industry [1] - The expectation of no approval for interest rate caps indicates a stable outlook for credit card interest rates in the near term [1]