Citigroup is a leading global financial services company that provides a wide range of financial products and services to consumers, corporations, governments, and institutions around the world. It operates through various segments, including global consumer banking, institutional clients, and treasury and securities services. The firm offers services such as investment banking, wealth management, credit cards, loans, and other financial solutions, leveraging its extensive international presence and a deep understanding of diverse markets to facilitate transactions and support clients' financial needs. Through its commitment to innovation and customer service, Citigroup aims to help clients thrive in an increasingly complex financial landscape. Read More
Gemini, the crypto exchange founded by the Winklevoss twins, has filed to list on Nasdaq despite a $282 million loss, aiming to join Coinbase and Bullish in the growing wave of public crypto firms.
SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a...
CITIGROUP INC (NYSE:C) shows strong breakout potential with a perfect 10 technical score and 9 setup rating, signaling upward momentum and consolidation near highs.
Speculation over a potential Berkshire Hathaway stake, alongside big moves from notable institutional investors, has added to the momentum in UnitedHealth shares.
The cryptocurrency exchange Bullish (NYSE: BLSH) made a resounding entrance onto the public markets on August 13, 2025, with its shares nearly doubling from their initial $37 IPO price. This highly anticipated debut saw the institutional-focused digital asset platform open at $90.45 and reach highs of $118 before settling
Shares of online home goods retailer Wayfair (NYSE:W)
jumped 5.9% in the afternoon session after its stock hit a 52-week high as it continued to rally on strong second-quarter results and positive analyst sentiment. The stock reached a 52-week high of $78.06, with its price crossing above the average analyst 12-month target. This climb reflects sustained investor confidence following the company's impressive second-quarter 2025 results released in early August. Wayfair reported a return to profitability with a net income of $15 million, a significant turnaround from a loss in the prior year. Revenue grew 5% year-over-year to $3.3 billion, and adjusted earnings per share of $0.87 massively beat analyst expectations. The strong performance prompted a wave of positive analyst actions, with firms like Raymond James and Truist Securities raising their price targets, signaling to the market that the company's growth strategies and operational cost management are paying off.
Shares of global financial services giant Citigroup (NYSE:C) jumped 3.1% in the afternoon session after the broader market rallied on renewed hopes for Federal Reserve interest rate cuts, fueled by favorable inflation data and an extension of the U.S.-China trade truce. The surge was part of a significant market-wide upswing, with major indices reaching for all-time highs as investors grew more confident in a potential "soft landing" for the economy, where inflation is controlled without a major recession. The positive sentiment was bolstered by an extension of the U.S.-China tariff truce.
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 3.2% in the morning session after a downgrade by Citigroup to Neutral from Buy, citing risks of a future dividend cut. The bank slashed its price target on the shares to $33 from $67, a reduction of over 50%, and raised its risk rating on the stock to 'high-risk.' The downgrade stems from concerns about the company's high net debt and the significant risk of a 'substantial dividend cut' between 33% and 50% over the next one to two years. Citigroup noted that Cogent's recent underperformance in the second quarter highlights that future earnings growth is now more dependent on revenue growth rather than cost-cutting. This follows a recent trend of negative sentiment, with RBC Capital also downgrading the stock just days earlier after the company reported weak quarterly results that missed revenue and earnings estimates.
Wall Street's leading financial institutions, Citi (NYSE: C) and UBS (NYSE: UBS), have significantly raised their year-end targets for the S&P 500 (SPX), signaling a robust and increasingly optimistic outlook for the U.S. equity market. This wave of bullish sentiment is primarily fueled by a stronger-than-anticipated corporate earnings
Shares of energy drink company Celsius (NASDAQ:CELH)
jumped 3.3% in the afternoon session after brokerages Stephens and Truist Securities raised their price targets on the stock following the company's strong quarterly results. Stephens and Truist Securities both hiked their price target on the energy drink maker to $65 from $55, with Truist analyst Bill Chappell maintaining a "Buy" rating on the stock. This wave of analyst optimism comes on the heels of the company's strong quarterly results reported last week, which revealed continued market share gains and growing demand. During its second quarter, Celsius's revenue soared by 84%, a performance largely fueled by the acquisition of the Alani Nu brand.
