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
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.
The second quarter of 2025 has largely concluded as a period of unexpected strength for U.S. corporations, with a significant number of companies not only meeting but exceeding analyst expectations. This positive trend has injected a renewed sense of optimism into the financial markets, showcasing the resilience of various
Shares of online home goods retailer Wayfair (NYSE:W)
jumped 3.5% in the afternoon session after Wall Street analysts reacted positively to the company's recent impressive second-quarter earnings report. Citigroup upgraded its rating on the stock to "buy" from "neutral," while JPMorgan Chase & Co. raised its price target to $82.00. This analyst optimism stemmed from Wayfair's recent announcement of its strongest quarterly results since 2021. The online furniture retailer posted revenue of $3.3 billion, a 5% year-over-year increase. More notably, its earnings per share of $0.87 dramatically surpassed the consensus forecast of $0.33, signaling a potential recovery in the home goods market and prompting the positive actions from Wall Street.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Citigroup (NYSE:C) and the best and worst performers in the diversified banks industry.
Shares of digital media company Ziff Davis (NASDAQ:ZD) fell 3.2% in the morning session after news of significant job cuts and a series of analyst downgrades soured investor sentiment. The digital media company planned to reduce its workforce by 12-15% at properties like IGN and CNET. This move happened despite a 4.5% increase in first-quarter revenue. However, the company's adjusted EBITDA, a key profit metric, decreased, and its free cash flow became negative, which sparked investor skepticism. Consequently, the stock touched a new 52-week low. Several analysts, including those at Citigroup and JPMorgan, reacted by lowering their price targets for Ziff Davis.
Just six weeks after lowering its forecast and warning that gold could drop below $3,000 before the end of the year, Citibank now projects gold will hit $3,500 an ounce over the next three months.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Bank of America (NYSE:BAC) and the best and worst performers in the diversified banks industry.
The financials sector has been strong all year, and with interest rate cuts on the table later this year, investors looking for exposure can turn to this ETF.
Citigroup Inc. (NYSE:C) raised its three-month gold price forecast to $3,500 per ounce from $3,300 on Monday, citing deteriorating U.S. growth and inflation outlook.
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 15.3% in the morning session after the company reported disappointing second-quarter financial results that fell short of Wall Street's expectations.
