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Piper Sandler Raises Price Target on Citigroup to $80 From $73
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Express News | Citigroup : KBW Raises to Outperform From Market Perform
Citigroup completes the spin-off of its Mexican institutions' banks and consumer businesses.
On December 3, Glonghui reported that Citigroup announced the completion of the separation of its institutional banking business in Mexico from its consumer, small, and medium-sized market businesses. After this split, two independent entities were formed: Grupo Financiero Citi México, which serves institutional clients, and Grupo Financiero Banamex, which focuses on consumer banking. This move is part of Citigroup's broader global strategy to streamline operations and focus on its core strengths. Citigroup CEO Jane Fraser stated that this split simplifies the bank's business and aligns with its long-term goals.
Wells Fargo Maintains Citigroup(C.US) With Buy Rating, Maintains Target Price $95