Citi in the news

Citigroup is accelerating the promotion path for junior bankers by cutting its analyst program to two years and ending fixed-term employment to combat poaching and retain talent.

Citigroup is shortening its investment banking analyst program to two years to better compete for talent with private equity firms.

Citi is reducing its analyst program from three to two years, promoting all analysts to associate to match competitors and increase pay.

Citi implemented a pop-up during the Strata Premier Card application process to inform applicants of their welcome offer eligibility before they finalize the application.

Citi appointed Paul McEwan, former UBS technology executive, as its new chief technology officer and head of infrastructure.

Citi raised Johnson & Johnson's price target to $303 from $298 and maintained a Buy rating.

Citi Wealth's JP Coviello discusses current investment strategies and market narratives, highlighting tech as a key sector.

Coinbase partners with Citi to facilitate institutional stablecoin payments, allowing clients to accept stablecoins and Coinbase customers to use Citi's banking for cash-to-stablecoin conversions.

Citi upgraded Harley-Davidson stock to a 'buy' rating, anticipating a significant turnaround and strong retail growth for the motorcycle manufacturer.

Northern Trust Wealth Management hired Beth Emswiler from Citi Private Bank and Andrew Borner from BNY as senior managing directors to strengthen its Northeast presence and attract wealthy clients.

AI models offer varied predictions on whether Bitcoin will reach Citi's $113,000 target by October 2027, all agreeing that Citi's $5 billion inflow forecast is too low.

Citi expresses concern about elevated bond market volatility, noting it's driven by long-term rates rather than Fed repricing and indicating a more dangerous phase for risky assets.

Citigroup increased its Bitcoin and Ethereum price forecasts, citing renewed interest, market sentiment, ETF demand, and macroeconomic factors.

Scott Chronert, from Citi Research, believes the Federal Reserve might cut rates after a holding pattern until mid-2027, despite market anticipation for another hike.

Jane Fraser has significantly transformed the bank, leading to improved profitability, increased shareholder returns, and positive analyst reception following its investor day.

Bank stocks, led by Citigroup, tumbled further into correction due to rising Treasury yields.

Bank stocks slid, with Citigroup leading declines at 4% down, followed by Bank of America at 3%, while JPMorgan Chase saw a smaller drop; Bank of America's Merrill Lynch unit also settled a class action for $39 million.

Citi joins the Alliance for Critical Infrastructure to collaboratively manage AI risks and strengthen resilience across critical sectors, acknowledging the interconnectedness of modern infrastructure.

Citi analysts believe SpaceX's successful Starship launch moves it closer to a $12 trillion valuation.

Citi is conducting widespread layoffs, exceeding initial reports, across various departments and locations in the US as part of cost-cutting and efficiency initiatives, including automation and offshoring.