Travel, tech stocks lead Wall St lower as China virus fears mount
The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel.
Citigroup profit beats as credit card, trading revenue jump
Citi has been leveraging its robust card business to help grow deposits by pitchi...
Citigroup Global Markets maintains sell on ICICI Securities. raises target to Rs 350
At around 21 times FY21 estimated EPS, valuations are st...
Saudi Arabia raises $5 billion as bond investors brush off Gulf jitters
The kingdom has issued bonds with maturities of seven, 12 and 35 years.
Citigroup neutral on M&M, target price Rs 590
Volumes for both UV and tractor segments were better than muted expectations even if one accounts for a relatively weaker base.
Wall Street rally pauses amid China virus outbreak, growth fears
The S&P index recorded 66 new 52-week highs and no new lows, while the Nasdaq recorded 86 new highs and 15 new lows.
Citigroup maintains buy on Gateway Distriparks, target price Rs 174
Gateway Distriparks has entered into a share purchase agreement to sell its entire stake of 40.25% in Snowman Logistics for Rs 296 crore.
Government approves up to 100 per cent FDI in Bharti Airtel
The approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 cr.
Citigroup maintains neutral on Mindtree, raises target price to Rs 800
Mindtree continues to focus on improving FY20 revenue growth and EBITDA margins and reduce quarterly volatility in profitability.
Bank of America beats on bond trading boost, loan growth
Bank of America reported a 25% rise in bond trading revenue, although that was far short of the 86% surge at JPMorgan Chase and Co and a 49% jump at Citigroup Inc.
Goldman Sachs profit misses estimates on higher costs, weak M&A
The bank's net earnings applicable to common shareholders fell to $1.72 billion in the quarter ended Dec. 31 from $2.32 billion a year earlier.
European shares flat as focus turns to Sino-US trade deal
Technology stocks were the best performers on the DAX
JPMorgan beats estimates on strong trading, underwriting
Net income at the United States' largest bank rose to $8.52 billion, or $2.57 per share, in the quarter ended Dec. 31, from $7.07 billion, or $1.98 per share, a year earlier.
Citigroup maintains buy on Eris Lifesciences, raises target price to Rs 750
The brokerage has raised FY21 and FY22 estimated EPS by 2.5% and 3% respectively.
Citigroup has buy on L&T Infotech, target price Rs 1855
The brokerage has opened a 90-days positive catalyst watch on th stock as it expects the company to report healthy revenues in the third quarter.
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