Citigroup faces stock decline amid regulatory concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2024
0mins
Should l Buy C?
Source: Coinmarketcap
Citigroup Inc's stock has dropped significantly, hitting a 20-day low as it faces ongoing regulatory scrutiny.
Despite executives expressing confidence in completing compliance work related to regulatory demands, the recent adjustments by the Federal Reserve regarding bank warnings have raised concerns in the market. This has led to a decline in shares of major U.S. banks, including Citigroup, which fell by 4.45% amid broader market weakness, particularly in the financial sector.
The implications of these regulatory changes could impact Citigroup's operational focus and profitability, as the bank aims to shift resources towards growth rather than compliance efforts.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 110.860
Low
87.00
Averages
131.00
High
150.00
Current: 110.860
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investigation Status Unclear: Bessent noted that the investigation into Powell centers on his testimony regarding cost overruns on the Fed's headquarters renovation, and while subpoenas have been issued, the investigation's outcome remains uncertain, potentially affecting public trust in the Fed.
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