Citigroup Pays $138K Fine For Reporting Errors: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
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Source: Benzinga
Citigroup Settlement and Fines: Citigroup Inc. has agreed to a settlement with the Bourse de Montreal, paying a $138,000 fine for failing to report large options contract positions, alongside a $135.6 million penalty from U.S. regulators for compliance failures.
Financial Performance: Despite regulatory challenges, Citigroup reported a 4% year-over-year revenue growth in Q2 FY24, reaching $20.14 billion, exceeding analyst expectations, while its stock has increased over 36% in the past year.
Analyst Views on FTXO
Wall Street analysts forecast FTXO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTXO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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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.
