logo
Citi Targets Middle East Money With Push to Hire Private Bankers

Citi Targets Middle East Money With Push to Hire Private Bankers

Bloomberg5 days ago
Citigroup Inc. 's private bank is planning a hiring drive for the Middle East region as part of the Wall Street giant's global expansion of its services to the ultra-wealthy.
James Holder, who assumed leadership of the unit's Middle East operations this year, said in an interview that he aims to recruit private bankers to serve territories including Dubai, Saudi Arabia and Abu Dhabi.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Armstrong World (AWI) Reports Earnings Tomorrow: What To Expect
Armstrong World (AWI) Reports Earnings Tomorrow: What To Expect

Yahoo

time14 minutes ago

  • Yahoo

Armstrong World (AWI) Reports Earnings Tomorrow: What To Expect

Ceiling and wall solutions company Armstrong World Industries (NYSE:AWI) will be reporting earnings this Tuesday before market hours. Here's what to expect. Armstrong World beat analysts' revenue expectations by 3.4% last quarter, reporting revenues of $382.7 million, up 17.3% year on year. It was a strong quarter for the company, with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EBITDA estimates. Is Armstrong World a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Armstrong World's revenue to grow 10.5% year on year to $403.6 million, slowing from the 12.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.78 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Armstrong World has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.9% on average. Looking at Armstrong World's peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Valmont delivered year-on-year revenue growth of 1%, beating analysts' expectations by 1.7%, and Sherwin-Williams reported flat revenue, in line with consensus estimates. Valmont traded up 7.9% following the results while Sherwin-Williams's stock price was unchanged. Read our full analysis of Valmont's results here and Sherwin-Williams's results here. There has been positive sentiment among investors in the building products segment, with share prices up 6.8% on average over the last month. Armstrong World is up 4.7% during the same time and is heading into earnings with an average analyst price target of $170.56 (compared to the current share price of $170). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

What To Expect From United Parcel Service's (UPS) Q2 Earnings
What To Expect From United Parcel Service's (UPS) Q2 Earnings

Yahoo

time14 minutes ago

  • Yahoo

What To Expect From United Parcel Service's (UPS) Q2 Earnings

Parcel delivery company UPS (NYSE:UPS) will be reporting earnings this Tuesday before market open. Here's what you need to know. United Parcel Service beat analysts' revenue expectations by 2.1% last quarter, reporting revenues of $21.55 billion, flat year on year. It was a very strong quarter for the company, with an impressive beat of analysts' sales volume estimates and an impressive beat of analysts' EBITDA estimates. Is United Parcel Service a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting United Parcel Service's revenue to decline 4.4% year on year to $20.87 billion, a further deceleration from the 1.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.57 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 10 downward revisions over the last 30 days (we track 17 analysts). United Parcel Service has missed Wall Street's revenue estimates six times over the last two years. Looking at United Parcel Service's peers in the transportation and logistics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FedEx posted flat year-on-year revenue, beating analysts' expectations by 1.9%, and Saia reported flat revenue, topping estimates by 1.2%. FedEx traded down 3.2% following the results. Read our full analysis of FedEx's results here and Saia's results here. There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 6.8% on average over the last month. United Parcel Service is up 2.5% during the same time and is heading into earnings with an average analyst price target of $113.27 (compared to the current share price of $103.50). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Mondelez (MDLZ) Q2 Earnings: What To Expect
Mondelez (MDLZ) Q2 Earnings: What To Expect

Yahoo

time14 minutes ago

  • Yahoo

Mondelez (MDLZ) Q2 Earnings: What To Expect

Packaged snacks company Mondelez (NASDAQ:MDLZ) will be reporting results this Tuesday afternoon. Here's what to expect. Mondelez met analysts' revenue expectations last quarter, reporting revenues of $9.31 billion, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts' EBITDA estimates and a solid beat of analysts' adjusted operating income estimates. Is Mondelez a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Mondelez's revenue to grow 6.2% year on year to $8.86 billion, a reversal from the 1.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 15 analysts). Mondelez has missed Wall Street's revenue estimates three times over the last two years. Looking at Mondelez's peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 4%, beating analysts' expectations by 5.7%, and McCormick reported flat revenue, in line with consensus estimates. Lamb Weston traded up 19.3% following the results while McCormick was also up 3.6%. Read our full analysis of Lamb Weston's results here and McCormick's results here. There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 5.3% on average over the last month. Mondelez is up 4.6% during the same time and is heading into earnings with an average analyst price target of $73.70 (compared to the current share price of $70.52). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store