BofA Reiterates a Buy Rating on Citi (C), Here’s What You Should Know

​The standing is based connected a Bloomberg study suggesting imaginable acquisition discussions by the bank. The study noted that elder executives are internally exploring large-scale deals, including acquiring a US determination slope with astir $500 cardinal successful assets, specified arsenic Truist Financial oregon PNC Financial. The study besides highlighted Citi’s aspirations to bargain brokerage firms similar Stifel Financial oregon Raymond James Financial.

​Bank of America Securities noted that Citigroup’s involvement successful mergers and acquisitions is not surprising, but emphasized that absorption is apt to prioritize existing ongoing regulatory consent orders successful the coming months.

​However, aboriginal connected March 27, Reuters reported that Citigroup Inc. (NYSE:C) dismissed the study by Bloomberg, calling it “baseless speculation.” The slope noted that it remains focused connected integrated growth.

​Citigroup Inc. (NYSE:C) is simply a planetary diversified fiscal services holding institution that provides consumers, corporations, governments, and institutions with a wide scope of fiscal products and services. Its halfway concern activities see concern banking, retail banking, securities brokerage, transaction services, and wealthiness management.

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