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INX:C, Jan 18, 12:28 UTC

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Serco Group (LON:SRP) Upgraded to Buy by Citigroup – Fairfield Current

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Credit Suisse Group increased their price target on shares of Serco Group from GBX 83 ($1.08) to GBX 86 ($1.12) and gave the company an underperform rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Serco Group has a one year low of GBX 82.25 ($1.07) and a one year high of GBX 123.60 ($1.62). The shares were sold at an average price of GBX 96 ($1.25), for a total value of £383,674.56 ($501,338.77).

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Citigroup names David Livingstone EMEA head

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Jan 17 (Reuters) - Citigroup Inc on Thursday named David Livingstone as head of its operations in Europe, the Middle East and Africa region, in place of Jim Cowles, according to a memo seen by Reuters. Livingstone, who was most recently the Wall Street bank's chief country officer for Australia and New Zealand, is taking charge at a time when financial institutions in the U.K. and Europe are reorganizing in anticipation of a hard Brexit. In his previous stint in the EMEA, Livingstone was the vice chairman of the investment banking and capital markets division in the region. Cowles, who has been heading the EMEA region since 2013, is leaving to establish a not-for-profit organization, the memo said.

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Top Picks 2019- Citigroup C

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Top Picks 2019- Citigroup C. MoneyShowJanuary 17, 2019, 10:00 AM GMT. Citigroup (C) is a leading global financial institution with approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions, notes Jason Clark, a value investing specialist and contributing editor to The Prudent Speculator. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. While Citi had a strong 2017, shares were off more than 30% in 2018, despite rising interest rates and increasing profits. Even though the company faces some operational headwinds in different segments of its business, we continue to see a more focused and recapitalized Citigroup as prepared to reward investors over the long-term. Additionally, we like that Citi has good leverage towards a still solid U.S. economy, while also having the potential to show outsized benefits versus its peers from growth in Asia, Latin America and other emerging economies.

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Citi Trends (NASDAQ:CTRN) Rating Increased to Buy at BidaskClub – Fairfield Current

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BidaskClub upgraded shares of Citi Trends (NASDAQ:CTRN) from a hold rating to a buy rating in a research note published on Thursday, January 10th. Citi Trends has a 1 year low of $17.78 and a 1 year high of $34.90. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). In other Citi Trends news, Director Jonathan Duskin sold 15,000 shares of Citi Trends stock in a transaction on Tuesday, December 18th.

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Wednesday, January 16


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Citigroup says female workers earn almost 30% less than male workers

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Citigroup says female workers earn almost 30% less than male workers. A study by the bank shows that the median pay for women globally is 71 percent of the median for men, and the median pay for U.S. minorities is 93 percent of the median for non-minorities. "We know we need a comprehensive approach to our diversity initiatives to make the progress we want to see." As a starting point, the bank said its goal is to increase representation at the assistant vice president through managing director levels to at least 40 percent for women globally. The disclosed pay gap between men and women at Citigroup measures the differences in median total compensation without accounting for factors such as job function, level and geography. As such, the results tend to suggest the the bank doesn't have as many women in positions of responsibility or the corporate suite that tend to offer higher levels of compensation.

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Citigroup Reveals Female Employees Earn 29% Less Than Men Do

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Citigroup Inc. offered an uncharacteristically blunt assessment of the pay gap between men and women in its global workforce Wednesday, revealing that female employees earn 29% less than men do. The disclosure—a comparison of median total compensation—offers a more complete picture of pay, compared with the figures Citigroup and other big banks released last year under pressure from shareholders in the U.S. and regulators in the U.K. In an attempt to close the gaps, Citigroup has committed to increasing representation at the assistant VP to managing director levels to at least 40% for women and 8% for black employees in the U.S. by 2021. In accordance with a new U.K. law, the bank reported that among its U.K. employees, women earned 44% less than men, a gap that widened to 67% when bonuses were included.

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Citi Trends Posts Soft Holiday Sales, Defies Industry Trend

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Shares of Citi Trends, Inc. CTRN decreased 8.8% on Jan 15 as it reported soft holiday sales numbers compelling management to trim earnings view. Urban Outfitters URBN, Zumiez ZUMZ and Ascena Retail Group ASNA posted decent holiday numbers.In the past three months, Citi Trends has lost approximately 27% underperforming the industry’s 16.7% decline.Citi Trends’ Dismal Holiday PerformanceCiti Trends reported a 0.7% decrease in comparable store sales (comps) for the nine-week period (ended Jan 5, 2019) compared to a 4.8% increase recorded in the year-ago period. The company’s total sales during the said period declined 1.9% to $161.9 million from $165.1 million in the prior year period.Analysts stated that stiff competition from e-commerce players and a constant struggle to cope up with rapidly changing consumer trends might have taken a toll on the company’s performance. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Nevertheless, Citi Trends maintains its commitment to enhance shareholder value as it unveils an expanded capital return program. As on Nov 30, the company approved additional $25 million share buyback program.

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Citi says female employees earn 29 percent less than men

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Citi says female employees earn 29 percent less than men. (Reuters) - Citigroup's (C.N) female employees earn 29 percent less than their male counterparts, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles. The median pay for Citi's women employees globally was just 71 percent of the median for men, while that for minorities in the United States was 93 percent of the median for non-minorities, the company said, citing an internal analysis. By the end of 2021, it wants at least 40 percent of roles at assistant vice president level through to managing director level to be held by women, and 8 percent of such roles in the United States to be held by black employees.

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Citi Appointed Sole U.S. Custodian for Indeval´s Global Securities Program (SIC) Representing $39 Billion of Assets

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The SIC program was created by the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), and Indeval, the Mexican Central Securities Depository (CSD), to provide investors access to international securities and further develop the local capital market. With over $21.3 trillion of assets under custody and administration, and the industry-leading proprietary network spanning over 60 markets, Citi’s custody business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs. In the Americas, in addition to its domestic custody in the U.S., Citi is the leading custody provider with a dominant local presence in Argentina, Brazil, Colombia, Mexico, Peru and Panama. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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Morgan Stanley (NYSE:MS) Upgraded by Citigroup to Buy – Fairfield Current

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Morgan Stanley (NYSE:MS) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, January 9th, MarketBeat.com reports. The stock has a consensus rating of “Hold” and a consensus target price of $56.06. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $59.38. Canada Pension Plan Investment Board now owns 1,633,304 shares of the financial services provider’s stock valued at $76,063,000 after purchasing an additional 65,199 shares during the period.

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