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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 08:04 EDT
Argus analyst Stephen Biggar keeps his Hold rating on Citi in spite of its Q4 earnings beat, saying the outperformance was mainly driven by cost cutting, a lower tax rate, and share buybacks. The analyst adds that the company's "sluggish" revenue growth may prevent valuation expansion for Citi stock in the near term, and that its credit costs, which rose 15% in Q4, need attention.
News For C From the Last 2 Days
Feb 19, 2020 | 06:28 EST
Citi (C) and Deutsche Bank (DB) are in talks with other banks to sell roughly $9B in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, Reuters' Davide Barbuscia and Saeed Azhar report, citing sources familiar with the matter. Citi and Deutsche Bank are looking to decrease their exposure by distributing the debt, according to the sources. Reference Link