智通财经APP获悉，花旗集团近日发布研报称，华尔街金融巨头摩根士丹利(MS.US)整体质地与业务结构愈发倾向于"高 端/优质"银行与投行金融综合体，但是花旗分析师团队强调，摩根士丹利当前估值已充分反映出"市场一致的最佳投资回 报"预期，因此花旗维持对于大摩股票的"中性"评级，目标价则设定为170美元，意味着在花旗看来，大摩股价短期到中 期时间段将处于显著回调态势。截至周五美股收盘，大摩股价收于181.90美元。 关于即将到来的华尔街金融巨头们2025年第四季度业绩披露期(1月中旬)，花旗表示，市场对于大摩的第四季度业绩门槛 预期偏高(尤其投行业务与机构证券业务面临2024年的极高基数)，指出当前昂贵的大摩股票价格属于"拥挤的共识多 头"，因此大摩Q4业绩可能不及市场一致预期，进而导致股价较当前的历史最高点持续回调;但花旗表示，在费用/成本纪 律支撑下，2026年的整体盈利仍可能较市场一致预期略有上修空间。 花旗认为市场已在定价"best-in-class returns(同业最优投资回报)"，体现为股票价格在其"隐含股权资本成本"框架下呈现 显著溢价;在这种估值状态下，花旗认为基于当前大摩股票价格的风险/回报 ...

Vi e w p o i n t | 30 Dec 2025 23:24:00 ET │ 18 pages Asia FX and Rates Strategy Asia Flow Overview CITI'S TAKE December saw broad based inflows into Korean and Indonesian assets while India and Taiwan saw outflows. Foreign investments in Chinese fixed income declined for a seventh consecutive month, the trend was predominantly driven by the substantial sell-off in NCDs, whereas reduction in CGBs remained measured. Overall, aggregate portfolio inflows into EM Asia for 2025 totaled USD 59bn, characterizing t ...

Market Overview - The market experienced a mixed performance with the S&P 500 rising by 0.66%, the Nasdaq declining by 0.03%, and the Dow Jones increasing by 0.19% [1] Banking Sector - The banking sector saw widespread gains, with Goldman Sachs surging by 4.02%, Morgan Stanley increasing by 2.46%, and other major banks like Bank of America, Citigroup, JPMorgan, Zions Bancorporation, and Alliance West Bank all rising by over 1% [3] Technology Sector - The technology sector displayed continued divergence, highlighted by Intel's significant increase of 6.72% and AMD's rise of 4.35%. However, notable declines were observed in Netflix, which fell by 3.95%, Tesla down by 2.59%, and Microsoft decreasing by 2.21%, with Amazon and META also experiencing declines of over 1% [3] Chinese Concept Stocks - Chinese concept stocks experienced a strong rally, with the China Golden Dragon index rising by 4.38%. Baidu saw a remarkable increase of 15.03%, while Bilibili rose by 7.24%, NetEase by 7.22%, Alibaba by 6.25%, and Tencent Holdings and iQIYI also saw gains exceeding 5% [3] Gold Market - The COMEX gold market experienced volatility, initially rising by 1.91% before closing slightly up by 0.02% at $4341.9 per ounce. The intraday trading range saw a low of $4340 and a high of $4414.8 [3]

Citigroup Inc. (NYSE:C) is included among the 20 Best Performing Dividend Stocks in 2025. JPMorgan Backs Citigroup (C) as Russia Sale Lifts Capital Ratio Kiev.Victor / Shutterstock.com On December 30, JPMorgan kept an Overweight rating on Citigroup Inc. (NYSE:C) after the bank said it plans to sell its remaining operations in Russia. The company expects to take a pre-tax loss of $1.2 billion in the fourth quarter, tied to the exit. Even so, JPMorgan sees a modest lift to Citi’s capital ratio once the sa ...

智通财经APP获悉，花旗发布研报称，澳门2025年12月博彩收入录得208.88亿澳门元，即平均每日约 6.74亿澳门元，同比增长15%，相当于2019年12月水平的约91%。该数据低于该行预测约5%，亦低于市 场预测约3%。该行认为主要来由于贵宾厅赢率异常偏低，很可能低于3%。 报告指，澳门2025年全年博彩收入总额达2,474亿澳门元，同比增长9%，超越澳门政府最初预测的2,400 亿澳门元，以及后来修订的2,280亿澳门元。 展望2026年1月，澳门将以一系列精彩活动拉开序幕，包括1月2日由江苏卫视及爱奇艺举办的《音乐缘 计划2》，以及1月9日至11日在银河综艺馆举行的Super Junior演唱会。该行对2026年1月的博彩收入预 测维持在215亿澳门元，即平均每日约6.94亿澳门元，意味着同比增长18%。对1-2月合并的博彩收入预 测，中和今年与去年农历新年时间差异的影响为420亿澳门元，意味着同比增长10.5%。 ...

Citigroup Inc. (NYSE:C) is included among the 7 Best Fortune 500 Dividend Stocks to Invest in Now. Citigroup (C) Approves the Sale of its Russian Unit to Renaissance Capital Kritchanut/Shutterstock.com Citigroup Inc. (NYSE:C) is a leading global bank for institutions with cross-border needs, a global provider in wealth management, and a U.S. personal bank. On December 29, Citigroup Inc. (NYSE:C) said its board approved the sale of its Russian unit, AO Citibank, to Renaissance Capital. The transaction i ...

Core Viewpoint - U.S. financial markets are experiencing a pause for the New Year's Day holiday, with trading set to resume on January 2nd, 2026. Despite a recent pullback, 2025 was a strong year for major stock indexes, which posted significant gains. Market Performance - On December 31st, 2025, major U.S. stock indexes closed lower, continuing a four-session losing streak. The Dow Jones Industrial Average fell 0.6% to 48,063.29, the S&P 500 declined 0.7% to 6,845.50, and the Nasdaq Composite dropped 0.8% to 23,241.99. Trading volume was light as many institutional investors had closed their books for the year [2][3]. - Sector performance was predominantly negative, with technology stocks being a major drag. The Energy Select Sector SPDR rose 0.8%, while the Information Technology Select Sector SPDR, Financials Select Sector SPDR, and Industrials Select Sector SPDR all declined by 0.3% [4]. Notable Stock Movements - Ares Management Corporation saw a share decline of 3.4%. Micron Technology and Western Digital experienced drops of 2.5% and 2.2%, respectively. Corcept Therapeutics shares plunged significantly after the FDA did not approve its treatment. Conversely, Nike shares rose 4.1% following the CEO's purchase of approximately $1 million in company stock [5]. Year-End Market Drivers - The strong performance in 2025 was largely driven by optimism surrounding artificial intelligence, with companies like Micron Technology, Palantir, Advanced Micro Devices, Alphabet, and Nvidia being significant contributors. The S&P 500 finished 2025 up approximately 16.4%, the Nasdaq Composite surged around 20.4%, and the Dow Jones Industrial Average added roughly 13% [6]. Upcoming Economic Data - Key economic data releases are scheduled for early January, including Initial Claims data and Construction PDF on January 2nd, ISM Manufacturing index on January 5th, and various employment reports on January 7th. Important inflation indicators like the Consumer Price Index and Producer Price Index will be released on January 13th and 14th, respectively [8]. Federal Reserve Meeting - The U.S. Federal Reserve's Federal Open Market Committee meeting is set for January 28th, where market participants will seek guidance on monetary policy for 2026, particularly regarding inflation and potential interest rate adjustments [9]. Upcoming Earnings Releases - The earnings season for Q4 2025 will begin to gain momentum later in January, with notable companies like BHP Group, JPMorgan Chase, and Bank of America expected to report. These earnings will provide critical insights into corporate performance and outlooks for the new year [10].

September 2025 Stablecoins 2030 Citi Institute Global Perspectives and Solutions Authors © 2025 Citigroup 2 Ronit Ghose Global Head, Future of Finance, Citi Institute ronit.ghose@citi.com Sophia Bantanidis Future of Finance Citi Institute sophia.bantanidis@citi.com Web3 to Wall Street Global Perspectives & Solutions Contributors Matthew Blumenfeld PwC Maya Caddle Solana Foundation Ron Chakravarti Citi Biswarup Chatterjee Citi Kaiwan Master Future of Finance Citi Institute kaiwan.hoshang.master@citi.com Rona ...

In a significant recent move to conclude its long-standing withdrawal from the Russian market, Citigroup (NYSE: C) has reportedly received board approval to divest its last operational entity there, AO Citibank, to Moscow-based investment bank Renaissance Capital. This decision, announced on December 29, 2025, marks the culmination of efforts that began years ago amid heightened geopolitical tensions impacting a range of businesses.The U.S. banking giant initially signaled its intent to scale back Russian e ...

Citi has received internal approval to proceed with the sale of AO Citibank, which manages Citi’s remaining business in Russia, to Renaissance Capital (RenCap). The AO Citibank Russia sale approval marks a step towards the anticipated signing and closure of the transaction in the first half of 2026, subject to regulatory clearance and other conditions. The company stated that it will report its Russian business as “held for sale” from the fourth quarter 2025. As a result of this accounting treatment, C ...