Citigroup is reportedly looking to increase its revenue by adding smaller clients.Traditionally known for serving only the largest clients, the bank has expanded its focus to include small- to medium-sized businesses (SMBs) with annual revenues between $10 million and $3 billion, the Financial Times (FT) reported Wednesday (Aug. 28).Citigroup is targeting SMBs around the world, according to the report. Over the past two years, it has added commercial lending units dedicated to SMBs in Canada, France, German ...

The most recent trading session ended with Citigroup (C) standing at $61.79, reflecting a -0.56% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.85%.The the stock of U.S. bank has fallen by 4.66% in the past month, lagging the Finance sector's gain of 2.55% and the S&P 500's gain of 1.52%.The investment community will be closely monitoring the performance of Citigroup ...

The U.S. banks got a reprieve following the latest signals from the Federal Reserve of a rate cut. The Fed’s Chairman Jerome Powell said the central bank is ready to cut interest rates next month.The development led the U.S. stock markets to rally with the S&P 500 rising over 0.2% and the tech-heavy Nasdaq Composite nearly 1.5%. The Dow Jones Industrial Average rose about 1.1%, and the interest rate-sensitive Russell 2000 small-cap index soared, rising almost 1%.KBW Nasdaq Bank Index increased 2.6% on Frida ...

NEWTOWN, Pa., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Helius Medical Technologies, Inc. (Nasdaq: HSDT) (“Helius” or the “Company”), a neurotech company focused on neurological wellness, today announced that, effective August 14, 2024, its independent directors approved equity awards under Helius’ 2021 Inducement Plan, as a material inducement to three individuals entering into employment with the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a publ ...

Investors in Citigroup Inc. (C) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $20.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

When you invest in bank stocks, you are investing in institutions that offer credit cards, insurance, banking services and other financial services. Since the banking industry is at the heart of the global economy, you should have some bank stocks in your portfolio. We have compiled some top stocks to help you make the most of them. Traditionally, higher interest rates, like today, have been good for the banking industry. However, the relationship is a bit more complex than that. If the interest rate rises ...

Citigroup Inc. (C) is planning to divest its trust business, a unit within its private banking operations, which manages trust and estate planning needs for its ultra-wealthy clients. The bank confirmed this to Barron’s on Aug 8. This process aligns with Citigroup’s extensive, multi-year restructuring plan under the leadership of CEO Jane Fraser.Discussions about the deal, internally code-named “Project Mango,” began almost a year ago. Citigroup has identified a buyer for its trust business, though the iden ...

Citigroup (C) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this U.S. bank have returned -16.2%, compared to the Zacks S&P 500 composite's -6.5% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has lost 3.7%. The key question now is: What could be the stock's future direction?Although ...

Investment banks are rebounding after some challenging years for the industry.Investment banks have had a tough go of it over the past several years as deal activity dried up. However, things are showing signs of turning around. In the first half of this year, investment banks saw earnings rebound thanks to receptive debt and equity markets.Investment bank CEOs have noted that backlogs are increasing significantly, an excellent sign for investment banks going forward. Here are three investment banks you can ...

Robert Way For Citigroup (NYSE:C) (NEOE:CITI:CA), this is not a repeat of the 2008/2009 financial crisis, nor is it your mother's Citigroup either. The U.S. G-SIB banks such as Citi, JPMorgan (JPM), and Bank of America (BAC) are exceptionally well-capitalized and liquid, and their risk exposures are substantially more benign compared with pre-GFC downturns. In a sense, the post-Dodd-Frank regulatory regime de-risked the large banks to a large extent. Make no mistake about this, I am quite certain Citi ( ...