Citigroup Inc Stock Price, News & Analysis

TROY, Mich., Oct. 4, 2021 /PRNewswire/ -- BetterInvesting Magazine has selected Apple Inc (AAPL) as its "Stock to Study" and Citigroup (C) as its "Undervalued Stock" for the December 2021 issue. The Editorial Advisory Committee emphasized the importance of evaluating fundamentals amid stock market volatility. Ken Zendel, CEO of NAIC, highlighted the need for thorough study to achieve long-term growth. BetterInvesting promotes investor education to help individuals make informed decisions regarding stock purchases.

Citi's latest Treasury Diagnostics report reveals insights from over 475 large companies, focusing on digital transformation and risk management. While 57% of respondents seek transformative opportunities, 64% face challenges with treasury management system integration. The report introduces the Citi Digital Treasury Index, highlighting that 74% of survey participants are not ready for full digital adoption. Despite advancements, only 34% utilize statistical analysis for cash forecasting, showing that fundamental practices are crucial for effective treasury management.

Citi has been appointed as the successor depositary bank for Banco Santander's NYSE-listed ADR program. Each American Depositary Share (ADS), trading under the symbol 'SAN', represents one ordinary share of Banco Santander, which is also listed on the Madrid Stock Exchange. Banco Santander's CFO, José Cantera, highlighted the importance of the US market and the partnership with Citi to enhance investor engagement. Citi's Global Head of Issuer Services, Dirk Jones, expressed commitment to supporting the ADR program and expanding investor outreach through Citi's extensive network.

The U.S. International Development Finance Corporation (DFC) and Citi have announced a new risk management solution to support Gavi's COVAX Facility. This partnership aims to mitigate financial hurdles and political risks for governments purchasing COVID-19 vaccines. DFC's involvement includes nearly $600 million in financing since the Biden Administration and will help vaccinate up to 2 billion doses globally. The initiative focuses on equitable access for low and middle-income countries, crucial for global health recovery as the pandemic continues.

Snowflake (NYSE: SNOW) and Citi (NYSE: C) have launched a strategic initiative to enhance data management in financial services. This collaboration will leverage Snowflake's Data Cloud to streamline post-trade processes, enabling organizations to mitigate risks and drive innovation. The partnership combines Snowflake's secure data sharing capabilities with Citi's extensive market expertise, providing unique solutions for data models and client needs across the industry. This initiative aims to redefine the data experience for financial services, improving transaction workflows significantly.

The 2021 Family Office Survey from Citi Private Bank reveals that over 75% of family offices seek returns of 5% or more in the next 12 months, with 30% of those managing over $500 million aiming for over 10%. The survey, which saw an 11% increase in responses from last year, highlights concerns about rising inflation and a significant interest in direct investments. Notably, two-thirds of respondents maintain a positive outlook towards commodities. The survey was conducted in June 2021, with nearly 200 family offices participating.

Citi and the International Finance Corporation (IFC) have launched a $90 million loan initiative aimed at providing financing for low-income mortgages and SME loans for women-led households in Panama. Citi contributes $20 million over three years, with IFC providing $70 million over five years. This collaboration is designed to enhance gender-focused financial products and respond to the economic challenges exacerbated by COVID-19, where employed women faced greater job losses. Global Bank, a key partner, aims to expand its mortgage portfolio, focusing on low- and middle-income families.

Citi has announced its latest investments through the Citi Impact Fund, a $200 million initiative aimed at addressing societal challenges. This round includes investments in several companies, bringing the total to 23, with over half founded by women and minorities. Notably, the fund has also committed $50 million towards the Black Entrepreneurs Investment Initiative. The goal is to enhance financial inclusion and support businesses that tackle issues like broadband access and workforce development.