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via finance.yahoo.comBusiness & Companies

Citigroup: China approval for a fully owned securities unit

FROM THE WIRE · FINANCE.YAHOO.COM

Citigroup has delivered a very large 3 year share price gain, yet the key issue for anyone looking at the stock today is whether that move is backed by the returns the bank earns on its capital. With the price recently at US$120.62 and fresh news around new businesses and…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishChina regulatory approval may affect how Citigroup deploys capital and its future returns.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Citigroup received approval for a fully owned securities unit in China.
  2. 02The share price was recently US$120.62.
  3. 03The stock returned about 245.8% over the past 3 years.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Citigroup Inc.CStock120.62 USDMarket closedtoday -1.54%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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