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As volatility again rattles large swathes of the cryptocurrency market, the largest financial institutions in the United States are moving ahead with plans for a shared tokenized deposit network. The network will be operated by The Clearing House and is backed by JPMorganChase, Bank of America, Citi, Wells Fargo and other major banks.
Citigroup sees a rising number of red flags around global stock markets, but say investors shouldn't be alarmed just yet.
The largest U.S. banks are building their own blockchain payment network, a direct response to crypto firms that are pushing deeper into core banking territory under a crypto-friendly Trump administration.
The new network could help banks contend with a wave of new competition from stablecoins and crypto firms.
Banks have spent years launching artificial intelligence (AI) chatbots and virtual assistants. Citigroup's latest deployment is less visible and more valuable: an AI document-processing system that compresses account opening review time from over an hour to 15 minutes.
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 1.462% Fixed Rate / Floating Rate Notes due 2027 (the “fixed rate/floating rate notes”) (ISIN: US172967NA50) and the redemption, in whole, constituting $400,000,000 of its Floating Rate Notes due 2027 (the “floating rate notes” and, together with the fixed rate/floating rate notes, the “notes”) (ISIN: US172967MZ11). The redemption date for the notes is June 9, 2026 (the “redempti.
UBS and Citigroup stocks are both close to emerging from cup bases. The two stocks advanced on Thursday.
Informa PLC (LSE:INF) is expected to reaffirm its financial year 2026 guidance at its annual meeting trading update on 18 June, but uncertainty over the impact of the Middle East conflict on its events portfolio is likely to limit the insight management can offer, according to Citi. The broker said any potential disruption to Informa's IMEA, meaning its India, Middle East and Africa events portfolio, is difficult to quantify at this stage, given the lack of clarity on a broader regional settlement, and noted that the affected events are more heavily weighted towards the fourth quarter, making it too early for management to take definitive decisions.
Citi has added Glencore PLC (LSE:GLEN)to its European Focus List and raised its target price to 770p, citing a bullish outlook for both coking and thermal coal underpinned by six distinct and uncorrelated demand and supply drivers. The broker said Glencore, the world's largest seaborne thermal and coking coal producer, is positioned to benefit from safety-related mine closures in China and substitution of Iranian steel output driving coking coal demand, alongside the end of an Indian destocking cycle.
Citi and Panmure Liberum have both flagged significant undervaluation in International Consolidated Airlines Group SA (LSE:IAG) following the carrier's Loyalty Day investor presentation, where management set a medium-term earnings target of €1 billion for its loyalty division. The loyalty business generated €593 million in earnings before interest and tax in 2025, implying near-doubling is required to hit the new target, though IAG set no specific timeframe for achieving it.
Citi has maintained its strategic outlook on Bitcoin (BTC) despite a small sale of the cryptocurrency by Strategy, the software company that holds the largest corporate bitcoin treasury. It described the disposal as a routine tax-optimisation measure flagged at the company's last results call rather than a signal of changing conviction.
Last year, the major banks aced their stress tests. It led to a surge of dividend increases and buybacks.
NEW YORK--(BUSINESS WIRE)--The Citi Foundation (“the Foundation”) today launched a $20 million Request for Proposals (RFP) focused on helping address operational and financial barriers to building and preserving affordable housing across the United States. Through this 2026 Housing Supply RFP, part of Citi's Blueprint for Housing Opportunity initiative, 20 nonprofit housing developers will each receive $1 million to help scale the supply of affordable homes in the communities that need them mos.
Shares in easyJet PLC (LSE:EZJ) climbed 3.5% after Citi estimated that the airline's aeroplane fleet could be worth double the recent share price. The US investment bank said the company's aircraft assets should help underpin the share price as takeover speculation continues, following the Castlelake announcement that it was exploring a potential bid.
Rosebank Industries PLC (AIM:ROSE), the industrial turnaround vehicle run by former Melrose executives, has attracted 'buy' ratings from both Jefferies and Citi as the two banks resume coverage following the completion of its acquisitions of MW Components and CPM, transforming the company from a single-asset story into a group of three US industrial businesses. Jefferies reinstated coverage with a buy rating and 470p target price, implying 35% upside from the current share price of 347p, while Citi resumed with a buy and a 450p target, both banks anchoring their cases on the margin improvement potential across the newly enlarged portfolio.
The stablecoin debate is no longer primarily about crypto. It is about banking power.
Diageo PLC (LSE:DGE and British American Tobacco PLC (LSE:BATS) are among Citi's preferred consumer stocks heading into the summer, with the bank also expecting brewers and pub operators to benefit from improving trading conditions and this year's FIFA World Cup, which starts in just over two weeks. In spirits, Citi said Diageo could continue to recover after recently reaffirming its guidance for the 2026 financial year and accelerating strategic changes under chief executive Dave Lewis.
Tesco PLC (LSE:TSCO) is expected to report slower first-quarter sales growth next month as the supermarket group laps a period of unusually strong weather-driven demand, according to analysts at Citi. The investment bank trimmed its forecast for the FTSE 100 grocer's UK like-for-like sales growth in Q1 of the current financial year to 2.2% from 4%, below market expectations of about 3%.
Compare how expense ratios, yield, and portfolio concentration set these two banking ETFs apart, revealing key factors for cost-conscious investors.
Micron could realistically have much more room to run.
While many investors have focused heavily on the artificial intelligence trade lately, the banking industry has quietly performed well too. One commonly used proxy of the industry's performance is the Invesco KBW Bank ETF NASDAQ: KBWB.
C is set to concentrate much of its wealth hiring in Asia, adding nearly 100 private bankers and 400 specialists to strengthen profitability.
JPM and other major U.S. banks cleared Fed and FDIC review of 2025 living wills, easing regulatory concerns and boosting confidence.
Jim McCormick from Citi discusses the risks for investors, including a rise in bond yields the current level of commodity prices remaining "artificial". He cites the markets that he thinks offer the best opportunities with this backdrop.
Legacy European airlines are trimming their summer schedules more aggressively as elevated fuel prices broaden the scope of network cuts, though Citi said the adjustments remain small enough to support near-term pricing power. The broker said early summer 2026 growth on legacy carrier networks remains minimal, ranging from a 0.1% decline to a 0.7% increase in the second quarter, accelerating to growth of between 1.6% and 4.7% in the third quarter.
Citigroup plans to allocate a significant share of its global wealth management hiring to Asia, where the bank's private banking business is expanding faster and delivering stronger productivity than other regions, according to Andy Sieg, Citi's head of global wealth. The hiring strategy forms part of the bank's broader effort to strengthen returns from its wealth management division under Chief Executive Jane Fraser's restructuring strategy.
Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating higher productivity than in other regions, the bank's global wealth head Andy Sieg said.
Citigroup receives a buy rating, driven by the top and bottom line trends, as well as macro tailwinds. C has beaten earnings estimates in 3 of the last 4 quarters and outperformed my prior hold rating, rising +70% since December 2024. Key drivers include diversified business segments, improving consumer confidence, positive M&A outlook, and steady net new investment assets in wealth management.
Citigroup teams up with BlackRock's HPS, expanding direct lending across EMEA as private credit demand accelerates.
C reports lower April card delinquencies and charge-offs year over year, while principal receivables increase modestly from March.
Citigroup has appointed former British politician Chuka Umunna as managing director in its UK investment banking division, according to an internal memo confirmed by a Citi spokesperson on Tuesday.
CFRA cut its rating on Bank of America (NYSE:BAC | BAC Price Prediction) stock to Hold on Tuesday, May 19, joining a parallel downgrade of Citigroup (NYSE:C) to Hold on the same day.
Rothschild & Co appointed on Tuesday Lucy Baldwin as global head of equities, leading sales and trading, research and corporate access.
Pre-Market Stock Futures: Futures are trading lower on Tuesday as the sell-off in technology stocks carried through to Monday and is headed down that road today. All of the major indices, except the Dow Jones Industrial Average, which closed 0.32% higher at 49,668, finished the day lower. The small-cap Russell 2000 was the big loser... Here Are Tuesday's Top Wall Street Analyst Research Calls: American Tower, Citigroup, CrowdStrike, Fortinet, Hanover Insurance, Jazz Pharmaceuticals, Stubhub, X-Energy, and More
Citi reiterates a Buy rating on the flash memory supplier and boosts its price target to $2,025 from $1,300.
Card issuers and payment networks are now experimenting with new payment initiatives involving stablecoins. Top banks and financial institutions are looking for ways to leverage stablecoins for efficiencies and cost savings.
BEDFORD, Mass.--(BUSINESS WIRE)--Stoke Therapeutics, Inc. (Nasdaq: STOK) is a biotechnology company dedicated to restoring protein expression by harnessing the body's potential with RNA medicine and has a lead investigational medicine, zorevunersen, in development as a first-in-class potential disease-modifying treatment for Dravet syndrome. The Company today announced that, effective on May 15, 2026, it granted stock options to purchase an aggregate of 106,200 shares of common stock to eight n.
SOUTH SAN FRANCISCO, Calif., May 18, 2026 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that on May 15, 2026 it granted stock options to purchase an aggregate of 20,807 shares of common stock and 13,793 restricted stock units (RSUs) that will be settled in shares of common stock upon vesting to 8 employees, whose employment commenced in April and May 2026 as a material inducement to their employment.
C nears final approval for a wholly-owned China securities firm after CSRC removes its application from the pending list.
U.S. banking giant Citigroup and BlackRock's HPS Investment Partners have partnered on a 15 billion euro ($17.48 billion) private credit program to expand direct lending across the EMEA region, the companies said on Monday.
LONDON--(BUSINESS WIRE)--Citigroup Inc. (NYSE: C) and HPS Investment Partners, a part of BlackRock, today announced a €15 billion Private Capital Program (the “Program”), a strategic collaboration to expand comprehensive capital solutions and access to private financing for corporate and sponsor-owned borrowers in the region. The Program intends to finance €15 billion of debt opportunities in EMEA over an initial five-year term. Under the terms of the initiative, Citi will leverage its extensiv.
Citigroup Inc. (NYSE: C) and HPS Investment Partners, a part of BlackRock, today announced a â¬15 billion Private Capital (Trades, Portfolio) Program (the â
Novo Nordisk's (NYSE:NVO) oral version of its blockbuster weight-loss drug Wegovy continues to outpace its main competitor despite a slight weekly decline in prescriptions, according to Citi's latest tracking data. The bank's weekly prescription tracker, based on IQVIA data, showed Wegovy pill reaching approximately 137,000 total prescriptions in its 18th week on the US market, a 4% decline week on week.
Shares of Citigroup have risen by more than 60% over the past year, trouncing the performance of many peers.
The chairman of China's securities regulator and Beijing's party secretary held talks with Citigroup CEO Jane Fraser in China and discussed enhancing cooperation in wealth management and cross-border financing, state-backed media said on Saturday.
Citigroup plans to grow its Asia prime brokerage team by 10% as hedge fund activity rises across key regional markets.
Citigroup has leveraged AI-driven productivity and modernization to outperform peer JPMorgan and the S&P 500 Information Technology sector, warranting a valuation re-rating. AI initiatives have delivered measurable efficiency gains—freeing up 100,000 developer hours weekly and accelerating legacy code remapping—supporting faster customer acquisition and cost reduction. The rapid digital transformation has improved profitability and ROE, with a 16% price target upside to $144 justified by both operational gains and prudent risk assessment.
Treasury yields are climbing as traders position for the Kevin Warsh appointment to the Federal Reserve, with markets pricing in a more growth-friendly path that could steepen the yield curve and reprice fixed-rate bank assets at higher levels.
Citi has upgraded Aberdeen Group PLC (LSE:ABDN) to buy from neutral, setting a new target price of 265p and arguing that the asset manager's recent share price gains have only partially reflected the upside available to investors. The stock has risen around 10% over the past month, outperforming the majority of traditional asset managers, but Citi said there remains plenty to play for and was up 5.4% at 238.3p on Friday.
Citi has maintained a positive stance on 3i Group PLC (LSE:III) despite a 13% share price fall following the private equity firm's full-year 2026 results, in which like-for-like growth trends at Action, the discount retailer that dominates 3i's valuation, disappointed the market. The stock has now underperformed by 50% since growth at Action began decelerating in September 2025.
Can Citigroup sustain its strong rally as transformation gains, AI investments and buybacks offset rising credit risks? Let us find out.
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C's strong earnings, excess capital and aggressive buybacks are driving a shareholder-friendly capital return strategy.
WASHINGTON, May 12, 2026 (GLOBE NEWSWIRE) -- CFP Board announced today that it has appointed Desi Wyatt as its new Managing Director of Corporate Growth. He is a U.S. Army veteran who brings decades of leadership experience in financial services to his new role.
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) could face pressure to meet market expectations in the second half of 2026, according to analysts at Citi, who warned consensus forecasts for the group's US business may still be too optimistic despite recent downgrades. First-quarter results and updated guidance earlier this month from the owner of FanDuel had already triggered sharp cuts to analyst forecasts for US adjusted EBITDA, with consensus estimates for 2026 and 2027 falling 11% and 10%, respectively.
Among companies now with a favorable setup, banking giant Citigroup's stock stands out as a candidate for employing options.
More than one dozen CEOs and top executives will join the U.S. delegation as President Donald Trump travels to China this week, according to a White House official. The companies include:
Shares in Novo Nordisk (NYSE:NVO) drew a cautious reception from Citi following first-quarter results that beat consensus expectations, with the bank raising its target price but retaining a neutral rating as concerns over portfolio price erosion and long-term obesity market competition outweigh a stronger-than-expected launch of the Wegovy pill. Citi lifted its target price to DKK290 in line with modest earnings upgrades of 2-3% for financial years 2027 to 2031, driven primarily by higher Wegovy pill estimates, while leaving its 2026 earnings per share forecast unchanged after cutting its sales estimate by 4% and operating income by 7% in constant currency.
Citigroup NYSE: C executives used the company's 2026 Investor Day to outline a multi-year plan for higher returns, continued business investment and additional capital returns, with Chair and CEO Jane Fraser saying the bank has “rebuilt the engine” after several years of restructuring.
Citigroup CEO Jane Fraser told CNBC's "Money Movers" on Friday that though there is "tremendous resiliency" in the global economy, she doesn't think "that we are yet fully understanding and anticipating the second and third order effects of the Iran war.
