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Deutsche Bank has appointed Raja Akram, previously Deputy CFO at Morgan Stanley, as its new Chief Financial Officer, effective October 1. Akram, who has a strong background in finance and leadership roles, will succeed James von Moltke and join the management board on January 1, 2026. This transition is part of the bank's broader management restructuring aimed at enhancing its growth strategy.
Kenvue Inc, a consumer health company, has 97.64% of its stock owned by institutional investors and hedge funds. Analysts have mixed ratings on the stock, with a consensus "Hold" and a price target of $24.00, while Barclays recently raised its target to $23.00. The company reported an EPS of $0.26, meeting expectations, and has a market cap of $44.95 billion.
Matthew Ponsonby has resigned as BNP Paribas' UK head of global banking, with the bank confirming that a successor will be announced soon. Ponsonby, who joined in 2017, cited a "compelling opportunity" for his departure, expressing pride in the progress made during his tenure, particularly in expanding the bank's investment banking activities in the UK.
Morgan Stanley has lowered its price target for Citigroup from $110 to $109 while maintaining an "overweight" rating. Truist Financial initiated coverage with a "buy" rating at $85, and Oppenheimer reduced its target from $110 to $102. Insiders, including COO Anand Selvakesari and CFO Mark Mason, sold significant shares recently, indicating a decrease in their ownership. Citigroup's stock is currently rated as a "Moderate Buy" with a consensus price target of $83.53, while institutional investors hold 71.72% of the company's stock.
Norges Bank acquired 27,498,205 shares of Citigroup Inc. (NYSE:C) in Q4, valued at approximately $1.94 billion, holding about 1.45% of the company. Analysts have a consensus "Moderate Buy" rating, with price targets ranging from $79 to $95, as Citigroup's stock trades at $73.20, down 1.7%. The firm reported Q4 earnings of $1.34 EPS, exceeding estimates, with a revenue increase of 12.3% year-over-year.
Citigroup has initiated coverage of Lineage, Inc. with a Neutral rating and a price target of $64. Lineage operates a global network of over 480 temperature-controlled warehouse facilities, offering a comprehensive range of services including cold storage, transportation, and supply chain solutions across North America, Europe, and Asia-Pacific.
Attorney General Jason Miyares, alongside 17 other state attorneys general, announced the conclusion of an investigation into Wells Fargo after the bank decided to abandon its Environmental Social Governance (ESG) policies. Miyares emphasized that sound economics should take precedence over social trends, particularly for retirees and investors. While Wells Fargo has publicly ended its ESG commitments, the investigation into five other banks regarding similar policies will continue.
Goldman Sachs has lowered its price target for Citigroup from $90 to $80 while maintaining a "buy" rating. Insider sales included Sara Wechter selling 15,125 shares and COO Anand Selvakesari selling 30,000 shares, both on February 13. Citigroup currently holds a consensus rating of "Moderate Buy" with a target price of $83.53.
Citigroup's latest review highlights a cautiously optimistic economic outlook for Europe, driven by Germany's potential fiscal easing, increased defense spending, and anticipated interest rate cuts from the European Central Bank. However, challenges such as U.S. tariffs and geopolitical uncertainties may hinder growth, despite forecasts of GDP rising from 0.8% in 2024 to 1% in 2025. Disinflation is expected to continue, with core inflation projected to reach 2% by year-end, potentially falling below target in subsequent years.
Bernstein analysts project a 12-month price target of $600 for MSTR, suggesting an 80% rally that could elevate its market cap to over $157 billion, surpassing Citigroup. However, skepticism persists amid macroeconomic challenges and a declining Bitcoin market, with some analysts doubting a rally will materialize. Despite this, the average price target remains optimistic at $540, contingent on Bitcoin's recovery.
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