Chloe2021
2021-03-01
[惊讶]
Citi stock jumps nearly 4% as Wells Fargo makes case for higher valuation
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Further regulatory actions led to another consent order and a $400M find for risk management-related deficiencies and compliance in 2020.</p><p>On top of that, a federal judge ruled that Revlon creditorsdidn't have to returnthe amounts they received when Citi accidentally wired $900M to them last summer.</p><p>On Friday, Citi revised its earnings downwardafter writing down down the Revlon loan.</p><p><img src=\"https://static.tigerbbs.com/2cf260b9ffe0438a66ea1f51b59759ef\" tg-width=\"1085\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi stock jumps nearly 4% as Wells Fargo makes case for higher valuation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti stock jumps nearly 4% as Wells Fargo makes case for higher valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 23:01 GMT+8 <a href=https://seekingalpha.com/news/3667608-citi-stock-jumps-42-as-wells-fargo-makes-case-for-higher-valuation><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citigroup stock advances nearly 4% in early trading as Jane Fraser takes over as the bank's CEO even as she faces challengesin gaining regulators' confidence.Wells Fargo analyst Mike Mayo considers ...</p>\n\n<a href=\"https://seekingalpha.com/news/3667608-citi-stock-jumps-42-as-wells-fargo-makes-case-for-higher-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://seekingalpha.com/news/3667608-citi-stock-jumps-42-as-wells-fargo-makes-case-for-higher-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1108903671","content_text":"Citigroup stock advances nearly 4% in early trading as Jane Fraser takes over as the bank's CEO even as she faces challengesin gaining regulators' confidence.Wells Fargo analyst Mike Mayo considers Citi's parts areworth morethan its whole, according to a Barron's report on Saturday.In his analysis of the bank's divisions, Citi could trade at 1.5x tangible book value, or $111 per share, \"reflecting significant hidden value and trapped capital,\" Mayo said.By comparison, Citi closed at $65.88 on Friday.Recapping on Citi's regulatory challenges, in 2012 and 2013, the Office of the Comptroller of the Currency and the Federal Reserve had hit the bank with a consent order for Bank Secrecy Act violations and weaknesses in anti-money-laundering compliance. 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