JP Morgan to hire over 5,000 technologists in CY22
Monday, 8 August 2022, 18:19:00
JPMorgan is one of the biggest employers, along with Barclays and Citigroup, in Indias foreign banking arena, with large facilities employing thousands of people. Besides banking operations, they handle increasingly complex technology roles in areas such as artificial indigence, analytics and blockchain.
— Economic Times India
Citi updates its Thematic Thirty stock screen
Monday, 8 August 2022, 15:06:23
In its thematic look at the S&P 500 (SP500) (SPY), Citi identifies six baskets of stocks most attractive on fundamentals, sentiment and valuation.
— Seeking Alpha
Citigroup – Consensus Indicates Potential 18.4% Upside
Monday, 8 August 2022, 15:03:08
Citigroup found using ticker (C) now have 24 analysts covering the stock. The analyst consensus points to a rating of ”Buy”. The target price ranges between 95 and 46 and has a mean target at 60.71. Now with the previous closing price of 51.26 this indicates there is a potential upside of 18.4%. The 50 day moving average now sits at 49.49 and the 200 day MA is 57.49. The company has a market cap of $100,050m. You can visit the company”s website by visiting: https://www.citigroup.com [stock_market_widget type=”chart” template=”basic” color=”green” assets=”C” range=”6mo” interval=”1d” axes=”true” cursor=”true” api=”yf”] The potential market cap would be $118,495m based on the market concensus. Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
BlackRock – Consensus Indicates Potential -.4% Downside
Monday, 8 August 2022, 13:13:37
BlackRock found using ticker (BLK) have now 10 analysts in total covering the stock. The consensus rating is ”Buy”. The range between the high target price and low target price is between 795 and 533 with a mean TP of 693.5. Given that the stocks previous close was at 696.01 this would indicate that there is a downside of -.4%. The day 50 moving average is 634.99 and the 200 moving average now moves to 759.57. The market cap for the company is $105,062m. Company Website: https://www.blackrock.com [stock_market_widget type=”chart” template=”basic” color=”green” assets=”BLK” range=”6mo” interval=”1d” axes=”true” cursor=”true” api=”yf”] The potential market cap would be $104,683m based on the market concensus. BlackRock is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
Usman is Citibank’s chairman
Monday, 8 August 2022, 06:26:15
A former Minister of Finance, Dr. Shamsuddeen Usman, has been appointed as the Chairman of Citibank Bank Nigeria. He is the third chairman of the bank in Nigeria since inception. Usman has been on the Board of Citibank Nigeria as an Independent non-Executive Director since 2017. He replaced Olayemi Cardoso, who has retired from the Board after 12 years. Cardoso maintained high standards during his tenure – a leadership style that has been consistent over the course of a distinguished career within the Nigeria’s private, public, and not-for-profit sectors. Cardoso expressed his gratitude to the Shareholders, Board, Management and staff of Citibank Nigeria for their dedication and support during his tenure as chairman. “I am honoured and humbled to have served alongside an outstanding team. Citi’s footprint in my personal and professional journey remains indelible, and I remain a dedicated alumnus of the bank,” he said. Cardoso also expressed his pleasure at the appointment of Usman. According to Cardoso, “Usman’s exemplary leadership both within the private and public sector is well documented.
— The National Nigeria
We recommend that you check out Capital.com as they have a very good selection of stocks available for both going short and long.