(Bloomberg) — Shares in South Korea’s SK Hynix Inc., a key supplier to Nvidia Corp., have jumped more than 90% over the past year and Wall Street is predicting further gains. Most Read from Bloomberg No fewer than 19 analysts have upgraded their forecasts over the past month for the firm, the largest supplier of […]
Citigroup Inc. hosted its annual investor day this week, with a big push from CEO Jane Fraser to redefine how it’s biggest segment, services, is valued. Apparently, it worked, as Morgan Stanley analysts today pinned the value of Citi’s services segment, which includes many of the payment rails that connect global finance, to about $56 […]
(Bloomberg) — Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive. Most Read from Bloomberg About 54% of jobs across banking have a high potential to be automated, the bank […]
(Bloomberg) — Shares in real estate project lender Bank OZK fell the most in four years after an analyst dealt the stock a double downgrade, citing concerns over a pair of its loans. Most Read from Bloomberg Citi analyst Benjamin Gerlinger downgraded his recommendation on Bank OZK to sell from buy while lowering his price […]
(Bloomberg) — Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home. Most Read from Bloomberg Citigroup is requiring about 600 US employees previously eligible to work remotely to commute […]
(Bloomberg) — For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse. Most Read from Bloomberg It was a public holiday in the UK, so it should have been a quiet day in the markets. A little before 9 a.m., the staffer on Citigroup’s Delta One trading […]
Nvidia (NASDAQ:NVDA) is set to report its fiscal first-quarter 2025 earnings after the closing bell on Wednesday, May 22. Investors will be mainly focusing on growth trends in Nvidia’s data center segment and any updates on the recently announced Blackwell platform. Wall Street analysts project Nvidia’s revenue to reach $24.65 billion for Q1 FY2025, up […]
(Reuters) – Citigroup’s Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday. Cole, as the head of legacy franchises, executed the third largest U.S. lender’s plan to simplify the firm by completing the sales of consumer banking businesses […]
By Bharath Rajeswaran BENGALURU (Reuters) – Citigroup analysts upgraded India to “overweight” from “neutral” in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum. The brokerage expects India’s blue-chip NSE Nifty 50 index to rise 7% between now and the end of the current financial year ending March 2025, setting a […]
Last year’s consensus was that the U.S. economy was headed for a recession, but that didn’t happen. This year’s consensus is that we’ll have a soft landing, where the economy slows but won’t tip into a recession. That could be wrong too. Doubling down on his contrarian view, Citi chief U.S. economist Andrew Hollenhorst told […]
(Bloomberg) — The options market is more concerned about a potentially big move in the S&P 500 Index off of the Federal Reserve’s interest-rate decision Wednesday than it’s been at any point in almost a year. Most Read from Bloomberg The benchmark index is implied to move 0.95% on Wednesday, when the Fed gives its […]
By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said […]