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News about Citi
The 6 most recent of 7 stories tagged with this keyword.
- China grants approval to Citi for wholly - owned securities company in opening - up push
- China grants approval to Citi for wholly - owned securities company in opening - up push
- China grants approval to Citi for wholly - owned securities company in opening - up push
- China grants approval to Citi for wholly-owned securities company in opening-up push
- Are US Treasuries still a hedge ? Citi Australia CEO says the bonds are losing their edge
- Citi Says the S&P 500 Hits 8,100. Half the Market Has to Cooperate First.
Citi strategist Scott Chronert’s year-end S&P 500 target of 8,100 depends on both the AI-linked half of the market and rate-sensitive stocks performing. Since August 28, Realty Income fell 10.91% and NextEra Energy slid 0.09%, while NVIDIA rose 4.15% and Microsoft rose 5.38%. The 10-year Treasury yield climbed to 5.22%, a 0.42-percentage-point rise in the month through October 8, which runs counter to the rate relief the target needs. The benchmark is up 14.1% this year, and the most widely held S&P 500 tracking fund closed at $778.07, about 4.1% below the target. Second-quarter earnings grew in the low 30s on a percentage basis, but the article notes that rate expectations largely set the valuation investors pay for those profits.
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