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UPDATE 3-Microsoft-backed Rubrik's stock jumps 21% in NYSE debut
Microsoft-backed Rubrik's stock jumps 21% in NYSE debut on Thursday. The cybersecurity firm's stock is valued at $6.77 billion. Rubrik provides data security solutions to more than 6,100 customers. The company's stock opened at $38.6 in its debut on the NYSE.
Reuters · 11h ago
BUZZ-Microsoft-backed Rubrik jumps >20% in strong NYSE debut
Microsoft-backed Rubrik jumps >20% in strong NYSE debut. Cybersecurity software firm Rubrik Inc's IPO exceeds expectations. RBRK opens at $38.60, 20.6% above the $32 IPO price. Microsoft is a major shareholder in the company.
Reuters · 11h ago
UPDATE 1-BGC Group's FMX Futures gets funding from banking consortium
BGC Group's FMX Futures gets funding from banking consortium. The exchange platform will rival CME Group in the interest rates derivatives market. FMX is expected to launch in September 2024. The consortium includes Bank of America, Citigroup and Goldman Sachs. BGC Group says its exchange platform valued at $667 million.
Reuters · 12h ago
UPDATE 1-Weak GDP, strong prices, highlight Fed dilemma
U.S. Economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential. But prices have remained sticky, rising at a 3.4% annual rate versus the Fed's 2% target. Weak GDP, strong prices, highlight Fed dilemma for the central bank.
Reuters · 13h ago
BUZZ-Microsoft-backed Rubrik poised to rise after above-expectations IPO
Cybersecurity software firm Rubrik Inc's RBRK.N shares indicated to open at $37-$39 in its IPO. Rubrik sold 23.5 mln shares above marketed range of $32. Microsoft is a major shareholder in the company and reportedly valued the startup at $4 bln.
Reuters · 13h ago
POLL-Inflation in key African economies to slow into next year
Inflation in key African economies to slow into year but remain stubbornly high in Nigeria, a Reuters poll finds. Inflation in Nigeria is expected to quicken to 29.1% this year from an average of 24.5% last year. The acute shortage of dollars in much of the continent has put inflation under strain. But poll shows inflation will moderate more in countries with diversified sources of dollar revenues.
Reuters · 16h ago
UPDATE 1-Lazard posts first-quarter profit on jump in assets
Lazard's assets under management rose to $250 billion in the first quarter from $232 billion a year earlier. Firm's asset management revenue rose 4% to $295 million. Revenue at Lazard's financial advisory segment rose 63% in the quarter. Lazard posts first-quarter profit on jump in assets.
Reuters · 17h ago
UPDATE 2-Lazard posts first-quarter profit on deals, assets boost
Lazard posts first-quarter profit on deals, assets boost. Investment bank's profit boosted by a string of high-profile mergers and acquisitions it advised on in the first quarter. Lazard's assets under management rose to $250 billion in the quarter from $232 billion a year earlier.
Reuters · 17h ago
UPDATE 3-Lazard posts better-than-expected profit on deals, assets boost
Lazard posts better-than-expected profit on deals, assets boost in first quarter. Investment bank's adjusted revenue jumped 42% to $747 million. Firm advised on a string of high-profile mergers and acquisitions in the quarter. Lazard's assets under management rose to $250 billion from $232 billion.
Reuters · 17h ago
UPDATE 4-BNP Paribas beats estimates as lower costs offset trading slump
BNP Paribas beats estimates as lower costs offset trading slump. French lender reports 20% fall in revenue from fixed income trading in first quarter. Global banking revenue up 6% but corporate banking down 4%. BNPP's net income down 2.2% in Q1; FICC trading sales down 20%. Bank sees 2024 income of more than 11.2 billion euros.
Reuters · 22h ago
UPDATE 1-Microsoft-backed Rubrik prices US IPO above range at $32/shr
Microsoft-backed Rubrik prices US IPO above range at $32/shr. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares. The cybersecurity software startup counts Microsoft among its investors. The company makes cloud-based ransomware protection and data-backup software.
Reuters · 1d ago
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says. The cybersecurity software startup counts Microsoft among its investors. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares. The company makes cloud-based ransomware protection and data-backup software.
Reuters · 1d ago
MEDIA-Citi and Wells Fargo are preparing $2 bln Debt Package for Berry, Glatfelter Deal - Bloomberg News
Reuters · 1d ago
HSBC says growing Chinese wealth fuels client investments in US
HSBC says growing Chinese wealth fuels client investments in the U.S. HSBC manages around $1.8 trillion from wealthy clients in China and Hong Kong. The bank's CEO says wealthy Chinese citizens are focused on overseas investments. HSBC bought Citigroup's consumer wealth business in China last year.
Reuters · 1d ago
CITIGROUP ANNOUNCES C$56.782 MILLION REDEMPTION OF 5.160% FIXED RATE / FLOATING RATE SUBORDINATED NOTES DUE 2027
Reuters · 1d ago
BUZZ-Mattel gains after brokerages raise PT on smaller-than-expected loss
Toymaker Mattel's MAT.O shares rise 2.7% to $19.25 premarket. Company reported smaller-than-expected Q1 loss on Tuesday. Citigroup lifts PT on company's shares to $26 from $25. Peer Hasbro reports smaller- than-expected fall in Q1 sales.
Reuters · 1d ago
UPDATE 2-Volkswagen aims to keep China market share stable as price war rages
Volkswagen aims to keep China market share stable as price war rages. Targets 15% market share in China by 2030. Expects to sell 4 million cars annually in the world's biggest auto market. Volkswagen ceded title of best-selling car brand in China to BYD in 2022.
Reuters · 1d ago
UPDATE 2-Fortescue iron ore shipments fall short after derailment
Australia's Fortescue iron ore shipments fall short after derailment of ore cars and weather disruptions. The world's fourth-largest iron ore miner shipped 43.3 million metric tons of the steel-making commodity in the third quarter. The company also cut its outlook for annual shipments.
Reuters · 2d ago
UPDATE 1-Big banks face probe over NDAs in swaps, clearing businesses, Bloomberg reports
Commodity Futures Trading Commission asks banks for NDAs in swaps, clearing businesses, Bloomberg reports. CFTC wants to see if banks are preventing would-be whistleblowers from speaking out, report says. JPMorgan Chase, Bank of America and Citigroup among banks facing probe.
Reuters · 2d ago
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About C-PRK
Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other. ICG segment consists of services, markets and banking that provides corporate, institutional, and public sector clients with a range of wholesale banking products and services. Its PBWM segment consists of United States (US) personal banking and global wealth management. The US personal banking includes retail banking, which provides traditional banking services to retail and small business customers. Its Legacy Franchises segment includes Asia consumer banking, Mexico consumer banking/Mexico small business and middle-market banking (SBMM) and legacy holdings assets.