Latest news with #InvestmentBank
Yahoo
5 days ago
- Business
- Yahoo
Citigroup (C) Stock Falls Amid Market Uptick: What Investors Need to Know
Citigroup (C) closed at $76.40 in the latest trading session, marking a -0.17% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.01%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw an increase of 0.32%. The U.S. bank's shares have seen an increase of 10.16% over the last month, surpassing the Finance sector's gain of 3.54% and the S&P 500's gain of 5.2%. Investors will be eagerly watching for the performance of Citigroup in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 15, 2025. In that report, analysts expect Citigroup to post earnings of $1.71 per share. This would mark year-over-year growth of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $20.79 billion, up 3.23% from the year-ago period. C's full-year Zacks Consensus Estimates are calling for earnings of $7.32 per share and revenue of $83.72 billion. These results would represent year-over-year changes of +23.03% and +3.18%, respectively. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Citigroup. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.46% upward. Citigroup is currently sporting a Zacks Rank of #3 (Hold). In the context of valuation, Citigroup is at present trading with a Forward P/E ratio of 10.46. For comparison, its industry has an average Forward P/E of 14.5, which means Citigroup is trading at a discount to the group. We can additionally observe that C currently boasts a PEG ratio of 0.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 1.24 as of yesterday's close. The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 26% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Zawya
27-05-2025
- Business
- Zawya
HSBC named Best Investment Bank for M&A in Kuwait
Kuwait City: HSBC has been named the Best Investment Bank for M&A in Kuwait at the Euromoney Middle East Awards for Excellence, 2025. HSBC Middle East received three coveted awards for the Middle East's Best Investment Bank, Middle East's Best Bank for Sustainable Finance and Middle East's Best Bank for Equity Capital Markets. Other country awards included Qatar's Best Bank of Corporates, Saudi Arabia's Best Investment Bank and the UAE's Best International Bank and Best Investment Bank. Samer Alabed, CEO of HSBC Kuwait, said: 'These awards are reflective of our ability to offer unique solutions and services to clients in Kuwait while we fulfill our purpose of opening up a world of opportunity. Our global footprint combined with a long-lasting heritage in the country and the region give us the ability to connect clients across the world to opportunities for growth.' HSBC continues to leverage sectoral knowledge and its position as a trusted partner in complex, high impact deals. Recently, HSBC played a pivotal role as a financial advisor in a very significant transaction for the aviation sector in Kuwait. HSBC also provides thought leadership in areas of sustainability and finance with engagements across government, corporates and institutions to support execution of their transition plans. Taken together, this series of significant awards demonstrate the breadth of HSBC's network, the depth of its expertise, and its access to deep pools of finance. Media enquiries to: Greta Madgwick About HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024. List of HSBC's Euromoney Awards for Excellence win in the Middle East More information on the Euromoney awarding body and awarding mechanism can be found at
Zawya
22-05-2025
- Business
- Zawya
HSBC named Middle East's Best Investment Bank by Euromoney
HSBC has been named the Middle East's Best Investment Bank, Best Investment Bank for Equity Capital Markets and Best Bank for Sustainable Finance alongside key award wins for local markets Kuwait, Qatar, Saudi Arabia and the UAE at the Euromoney Middle East Awards for Excellence, 2025. With 10 wins over the past 15 years of the long-standing awards series, HSBC has been named Best Investment Bank in the Middle East more times than all competitors combined. In addition, in the Euromoney Islamic Finance Awards, HSBC was named as the world's 'Best Sukuk House' and 'Best Islamic Project Finance House' which are categories HSBC also won for the Middle East while also winning the region's Best Islamic Bank for ESG. Selim Kervancı, HSBC's Chief Executive for the Middle East, North Africa and Türkiye (MENAT) region, said: 'The variety of these awards show many of the geographies and specialties where our expertise and capabilities are market leading. 'Being named the Middle East's Best Investment Bank for the 10th time in 15 years speaks to the strength of our client partnerships and the expertise of our people. We're equally proud to be recognised as the Best Sustainable Finance Bank for the sixth year in a row, reflecting our deep commitment to supporting the region's transition - and as the Best International Bank in the UAE for the second year running. HSBC's investment banking leadership was also recognised in Saudi Arabia, the UAE and in Kuwait. In Qatar, HSBC was also named Best Bank for Large Corporates. 'These awards reflect our momentum, our regional connectivity, and our strategic focus on being where our clients need us most. The Middle East continues to be a very important market for HSBC. It is one of the regions where we will continue investing, focusing on supporting clients and connecting them with opportunities around our network,' Kervancı added. The awards come as HSBC further strengthens its investment banking capabilities in the Middle East with the recently announced Capital Markets and Advisory business. This new business underscores the Group's continued investment in its market-leading ECM and M&A capabilities in the region. The full list of Euromoney Awards conferred to HSBC in the Middle East for 2025: Awards for excellence: The Middle East's Best Investment Bank The Middle East's Best Investment Bank for ECM The Middle East's Best Bank for Sustainable Finance Kuwait's Best Investment Bank M&A Qatar's Best Bank for Large Corporates Saudi Arabia's Best Investment Bank The UAE's Best International Bank The UAE's Best Investment Bank Islamic The World's Best Sukuk House The World's Best Islamic Project Finance House The Middle East's Best Sukuk House The Middle East's Best Islamic Project Finance House The Middle East's Best Islamic Bank for ESG Saudi Arabia's Best Islamic Project Finance House Saudi Arabia's Best Islamic Bank for ESG Media enquiries to: Lucy Stewart +971 527254290 Wala Khaleel +971 569565669 HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
The National
15-04-2025
- Business
- The National
Barclays - growing with the UAE for 50 years and beyond
This year marks 50 years since Barclays opened its first branch in the United Arab Emirates, on the Corniche in Abu Dhabi. Since those early days, only four years after the formation of the UAE, Barclays' history in the country has been intertwined with the development of the Emirates into a vibrant hub for trade, tourism and a flourishing financial centre. The UAE is now the key hub for Barclays in the Middle East, serving Investment Bank and Private Bank and Wealth Management clients. 'Fifty years in the UAE is a testament to the trust our clients continue to place in us,' said Khaled El Dabag, chief executive for the Middle East and North Africa at Barclays. 'Through economic shifts and evolving market dynamics, Barclays has remained a constant banking partner, helping clients navigate complexity and capitalise on opportunities.' A legacy of service Barclays' journey in the Middle East began in 1975 with a comprehensive portfolio of financial services, including corporate banking, retail banking, credit card services, and business banking. After Abu Dhabi, branches in Sharjah, Dubai and Ras Al Khaimah followed in the next four years, creating the foundations for further growth. In the 1980s and 1990s, as trade through Dubai blossomed, Barclays stepped up its investment. Using the UAE as the regional hub for the Middle East, Barclays built a reputation for excellence in financial services in the region, earning multiple awards from Euromoney, EMEA Finance and other leading publications. Barclays launched the Investment Bank and Wealth and Premier offerings in the Dubai International Financial Centre in 2005 and 2007 respectively, stepping up its commitment to institutional and high-net-worth clients and capturing opportunities in emerging wealth corridors from the Middle East to Asia, Africa, Europe and the UK. In 2011, Barclays raised the bar for corporate bond issuance from the UAE as joint bookrunner on a US$3.75 billion triple-tranche offering for a petroleum company, the biggest deal of its kind at the time. Since 2014, Barclays International Corporate Bank has focused on its core strengths – serving large corporate and institutional clients. This focused approach has allowed the bank to meet the growing needs of the UAE's expanding business community with online banking, trade finance and green loans, adding to a full suite of products and solutions. Towards a bright future As Barclays enters its sixth decade in the country, it continues to invest in its UAE capabilities by upgrading, for example, the International Corporate Bank's technology platform with best-in-class capabilities. Barclays has also continuously improved the breadth of its product offering to support global and regional multinational clients, financial institutions and fintechs as they grow within the region. These investments leave the bank well-positioned to support the UAE's continued growth as a hub for trade and investment. As the leading non-US investment bank, Barclays continues to help its corporate and sovereign wealth fund clients access new opportunities, pairing global capabilities with local relationships to deliver high-value financial solutions, advisory, capital markets and investment services. Barclays has acted as one of the joint bookrunners on the US$2 billion initial public offering of Talabat, the largest tech IPO in the world in 2024 and Barclays' first mandate for a listing on the Dubai Financial Market. The continued growth in depth and sophistication of the UAE capital markets is a win-win for the bank and its clients. A wealth of opportunity Barclays Private Bank and International Banking are also strengthening their international proposition to support the UAE's rapid growth as a global wealth management hub. As the UAE strengthens its position as a global financial hub, ultra-high-net-worth individuals and family office clients are seizing opportunities across key wealth corridors linking the Middle East to the UK, Europe, Asia and the rest of the world. With bespoke solutions, deep regional knowledge and global markets insights, Barclays strives to help its clients, their families and the next generation in preserving their wealth and driving long term growth. Supporting our communities Barclays is also helping to uplift communities and create a supportive culture where everyone can thrive. Through the bank's ongoing Citizenship initiatives and with a vibrant group of employee volunteers, Barclays continues to make a positive impact in the UAE by engaging with and providing support and resources where it is most needed in the country. In line with the bank's global employability initiative, the Ebda ('Start') UAE Graduate Employability Programme was launched in 2023 in partnership with Injaz UAE, a non-profit organisation that drives youth education and training in the region. The programme has empowered 60 underprivileged and people of determination Emirati youths with the skills and resources they need to enter the job market. Since 2020, Barclays has also led an ongoing mentoring programme in partnership with international universities, NYU Abu Dhabi and Birmingham University Dubai. To support the UAE's economic growth and strengthening trade relations with the UK, Barclays is partnering with UK Export Finance, the UK government's export credit agency, to provide financial support to UAE-based companies. This synergy will allow UAE companies to grow and scale, while also providing UK businesses opportunities to export to the UAE. Barclays is also a long-standing partner to the British Chamber of Commerce in Dubai and Abu Dhabi, helping to connect and promote UK businesses in the UAE and supporting flagship events. Moving forward together This milestone anniversary is a testament to the strength of the relationships Barclays has developed with its clients, partners, and the community over the past 50 years. These relationships are established on trust, dedication, and a shared commitment to the UAE's continued development. With those foundations firmly in place, the bank remains committed to building on its long-lasting partnerships in the coming decades. Here's to the next 50 years of excellence in the UAE! Milestones: 1975: Barclays first branch in Abu Dhabi 1977-1979: Branch network expansion 2011: Joint bookrunner on the largest corporate bond issue in the region 2013: First major Investment Bank award in the region 2017: Sponsors of UK/UAE cultural initiative 2021: First major Private Bank award for the region 2022: Major cross-border payments award for International Corporate Bank 2023: Sponsors of Cop28 Start-Up Village 2024: Joint bookrunner on the world's largest tech IPO 2025: Celebrating 50 years in the UAE
The National
15-04-2025
- Business
- The National
Growing with the UAE for 50 years and beyond
This year marks 50 years since Barclays opened its first branch in the United Arab Emirates, on the Corniche in Abu Dhabi. Since those early days, only four years after the formation of the UAE, Barclays' history in the country has been intertwined with the development of the Emirates into a vibrant hub for trade, tourism and a flourishing financial centre. The UAE is now the key hub for Barclays in the Middle East, serving Investment Bank and Private Bank and Wealth Management clients. 'Fifty years in the UAE is a testament to the trust our clients continue to place in us,' said Khaled El Dabag, chief executive for the Middle East and North Africa at Barclays. 'Through economic shifts and evolving market dynamics, Barclays has remained a constant banking partner, helping clients navigate complexity and capitalise on opportunities.' A legacy of service Barclays' journey in the Middle East began in 1975 with a comprehensive portfolio of financial services, including corporate banking, retail banking, credit card services, and business banking. After Abu Dhabi, branches in Sharjah, Dubai and Ras Al Khaimah followed in the next four years, creating the foundations for further growth. In the 1980s and 1990s, as trade through Dubai blossomed, Barclays stepped up its investment. Using the UAE as the regional hub for the Middle East, Barclays built a reputation for excellence in financial services in the region, earning multiple awards from Euromoney, EMEA Finance and other leading publications. Barclays launched the Investment Bank and Wealth and Premier offerings in the Dubai International Financial Centre in 2005 and 2007 respectively, stepping up its commitment to institutional and high-net-worth clients and capturing opportunities in emerging wealth corridors from the Middle East to Asia, Africa, Europe and the UK. In 2011, Barclays raised the bar for corporate bond issuance from the UAE as joint bookrunner on a US$3.75 billion triple-tranche offering for a petroleum company, the biggest deal of its kind at the time. Since 2014, Barclays International Corporate Bank has focused on its core strengths – serving large corporate and institutional clients. This focused approach has allowed the bank to meet the growing needs of the UAE's expanding business community with online banking, trade finance and green loans, adding to a full suite of products and solutions. Towards a bright future As Barclays enters its sixth decade in the country, it continues to invest in its UAE capabilities by upgrading, for example, the International Corporate Bank's technology platform with best-in-class capabilities. Barclays has also continuously improved the breadth of its product offering to support global and regional multinational clients, financial institutions and fintechs as they grow within the region. These investments leave the bank well-positioned to support the UAE's continued growth as a hub for trade and investment. As the leading non-US investment bank, Barclays continues to help its corporate and sovereign wealth fund clients access new opportunities, pairing global capabilities with local relationships to deliver high-value financial solutions, advisory, capital markets and investment services. Barclays has acted as one of the joint bookrunners on the US$2 billion initial public offering of Talabat, the largest tech IPO in the world in 2024 and Barclays' first mandate for a listing on the Dubai Financial Market. The continued growth in depth and sophistication of the UAE capital markets is a win-win for the bank and its clients. A wealth of opportunity Barclays Private Bank and International Banking are also strengthening their international proposition to support the UAE's rapid growth as a global wealth management hub. As the UAE strengthens its position as a global financial hub, ultra-high-net-worth individuals and family office clients are seizing opportunities across key wealth corridors linking the Middle East to the UK, Europe, Asia and the rest of the world. With bespoke solutions, deep regional knowledge and global markets insights, Barclays strives to help its clients, their families and the next generation in preserving their wealth and driving long term growth. Supporting our communities Barclays is also helping to uplift communities and create a supportive culture where everyone can thrive. Through the bank's ongoing Citizenship initiatives and with a vibrant group of employee volunteers, Barclays continues to make a positive impact in the UAE by engaging with and providing support and resources where it is most needed in the country. In line with the bank's global employability initiative, the Ebda ('Start') UAE Graduate Employability Programme was launched in 2023 in partnership with Injaz UAE, a non-profit organisation that drives youth education and training in the region. The programme has empowered 60 underprivileged and people of determination Emirati youths with the skills and resources they need to enter the job market. Since 2020, Barclays has also led an ongoing mentoring programme in partnership with international universities, NYU Abu Dhabi and Birmingham University Dubai. To support the UAE's economic growth and strengthening trade relations with the UK, Barclays is partnering with UK Export Finance, the UK government's export credit agency, to provide financial support to UAE-based companies. This synergy will allow UAE companies to grow and scale, while also providing UK businesses opportunities to export to the UAE. Barclays is also a long-standing partner to the British Chamber of Commerce in Dubai and Abu Dhabi, helping to connect and promote UK businesses in the UAE and supporting flagship events. Moving forward together This milestone anniversary is a testament to the strength of the relationships Barclays has developed with its clients, partners, and the community over the past 50 years. These relationships are established on trust, dedication, and a shared commitment to the UAE's continued development. With those foundations firmly in place, the bank remains committed to building on its long-lasting partnerships in the coming decades. Here's to the next 50 years of excellence in the UAE! Milestones: 1975: Barclays first branch in Abu Dhabi 1977-1979: Branch network expansion 2011: Joint bookrunner on the largest corporate bond issue in the region 2013: First major Investment Bank award in the region 2017: Sponsors of UK/UAE cultural initiative 2021: First major Private Bank award for the region 2022: Major cross-border payments award for International Corporate Bank 2023: Sponsors of Cop28 Start-Up Village 2024: Joint bookrunner on the world's largest tech IPO 2025: Celebrating 50 years in the UAE
