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CTRN News21 articles
NuScale Stock Plunges on Q1 Revenue Miss and Citi Downgrade
NuScale Power shares tumbled 11.4% on Tuesday after Q1 revenue of $565,000 fell far short of the $7 million consensus. Citi slashed its price target to $7.
NuScale Power Gains Despite Citi's $7 Target; Revenue Drops
NuScale Power shares rallied 4.3% to $13.09 Monday, even as Citigroup slashed its price target to $7. First-quarter revenue fell to $565,000, highlighting the need for binding contracts.
Fitch Upgrades Citigroup Outlook as Fraser Prepares for Key Investor Day
Fitch Ratings revised Citigroup's outlook to positive, citing progress in CEO Jane Fraser's restructuring. Q1 net income hit $5.8B on $24.6B revenue, with shares closing at $127.44.
Citi's $52 Million Hire Faces New Questions Ahead of Investor Day
Citigroup's high-profile $52 million hire of Vis Raghavan is under new scrutiny after reports he was ousted from JPMorgan amid years of complaints, just ahead of Citi's May 7 investor day.
Palantir Shares Dip 1.3% Ahead of Q1 Earnings Amid Citi Target Cut and German Military Snub
Palantir Technologies shares fell 1.3% on Tuesday after Citi lowered its price target to $210 from $260, ahead of Q1 earnings. A Cleveland-Cliffs AI deal provided some support, but Germany's military said it won't award Palantir contracts for now.
AT&T and Citi Enhance Co-Branded Card with New Perks, Targets Verizon Rivalry
AT&T and Citigroup have refreshed the AT&T Points Plus World Mastercard, introducing enhanced rewards on AT&T purchases, eliminating foreign transaction fees, and maintaining up to $240 in annual statement credits. The update is available to both new and existing cardholders.
Citi Wealth Partners with Advyzon for Global Unified Managed Account Platform
Citi Wealth is teaming up with technology provider Advyzon to introduce a worldwide unified managed account platform starting in late 2026. The system will consolidate various investment vehicles, including alternatives, into single accounts.
Citigroup Q1 Earnings Surge on Strong Trading and Investment Banking
Citigroup reported a 42% surge in first-quarter profit to $5.8 billion, with revenue climbing 14% to $24.6 billion, marking its strongest quarterly performance in ten years.
Wells Fargo Lifts Alphabet Target to $397, Citing Cloud Momentum from Wiz and AI Chips
Wells Fargo increased its price target on Alphabet to $397, maintaining an Overweight rating, as Google Cloud shows robust growth and integrates its $32 billion Wiz acquisition.
AT&T Nears 52-Week Peak on Citi Target Hike, Fiber Focus
AT&T shares advanced Tuesday, trading near a 52-week high after Citigroup increased its price target to $31.50 and reiterated a Buy rating. The move comes ahead of the company's first-quarter earnings report on April 22.
SanDisk Shares Retreat Despite Citi Target Hike as AI Rally Faces Valuation Scrutiny
SanDisk shares dropped over 4% in Friday trading, even after Citi increased its price target to $875, highlighting investor caution around its AI-fueled valuation following a 1,200% rally.
SanDisk Retreats Despite Bullish Citi Target as AI Memory Rally Cools
SanDisk shares declined 1.5% to $742.50, even after Citi lifted its price target to $875. The pullback highlights growing valuation concerns amid a surge fueled by AI data center demand for NAND flash memory.
Bitcoin Holds Near $75K Amid ETF Inflows, Citi Lowers Target on Regulatory Delays
Bitcoin hovered around $74,756, approaching the $76,000 level, supported by renewed ETF inflows. Citigroup reduced its price forecast, pointing to slow progress on U.S. crypto regulation.
Citigroup Gains on BlackRock ETF Mandate Amid Broader Market Retreat
Citigroup shares advanced 2% to $116.54 as BlackRock awarded the bank a major ETF servicing mandate. The move follows Citi's sale of a 24% Banamex stake and comes amid a broader market decline led by tech.
Karman Holdings Retreats After Citi-Driven Surge; Eyes March Conference
Karman Holdings stock declined 4% to $84.85, partially reversing a sharp two-session advance. Citigroup maintains a Buy rating with a $125 target, citing stronger demand signals.
Citigroup Slips into Holiday Weekend Amid Russia Exit and Insider Sales
Citigroup shares edged lower ahead of a market holiday, influenced by progress on its Russia exit and recent insider stock sales. Broader banking sector movements remained tied to shifting interest rate expectations.
Oracle Shares Extend Rally on Analyst Upgrade Citing AI Cloud Demand
Oracle stock climbed for a second consecutive session after D.A. Davidson upgraded shares to 'buy,' highlighting potential revenue from OpenAI-linked cloud infrastructure and new AI features in enterprise software.
Morgan Stanley Issues Underweight Rating on MARA, Citing Bitcoin Dependency
MARA Holdings shares declined 2.3% in premarket trading after Morgan Stanley initiated coverage with an underweight rating and an $8 price target, highlighting the miner's continued reliance on bitcoin price movements.
Citigroup Shares Approach 52-Week Peak Amid Regulatory Progress and Data Watch
Citigroup stock climbed 1.4% to $124.43, nearing its 52-week high, as investors monitored the bank's regulatory efforts and awaited key U.S. economic reports.
Citigroup Shares Surge on Regulatory Progress Hopes Ahead of Key Data
Citigroup stock climbed nearly 6% Friday as executives expressed confidence in resolving long-standing consent orders this year. Investors now await upcoming conference remarks and U.S. economic reports.
Citigroup Surges 6% on Regulatory Progress, Eyes Key Data and Conferences
Citigroup shares rallied 6% Friday amid optimism over resolving long-standing consent orders. The bank also announced a $2.3 billion preferred stock redemption and employee account matching.