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INX:C, Apr 25, 02:36 UTC

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Citi Appointed as Depositary Bank for Mereo BioPharma’s ADR Programme

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Citi, acting through Citibank N.A., has been appointed by Mereo BioPharma Group plc (“Mereo”) as depositary bank for its American Depositary Receipt (“ADR”) programme following the merger between Mereo and OncoMed Pharmaceuticals, Inc., pursuant to which OncoMed will become a wholly-owned indirect subsidiary of Mereo. Mereo’s ADRs trade on the Nasdaq Global Market under the symbol “MREO.” Each ADR represents five ordinary shares of Mereo. “We are confident that we will be able to assist Mereo in expanding their investor outreach through the support of our leading investor relations advisory team and our global equity distribution network.”. For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr. The Company announced positive Phase 2 data in May 2018 and recently announced the outline of the pivotal Phase 3 study including the primary and key secondary endpoints following the successful end of Phase 2 Type B meeting with the FDA;.

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Citi Releases 2018 Global Citizenship Report

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Citi today released its 2018 Global Citizenship Report, highlighting efforts made in the last year to responsibly provide financial services that enable growth and progress. Citi was the first major U.S. bank to release a climate disclosure report in response to recommendations from the Task Force on Climate-related Financial Disclosures. Valuing diversity: Citi was the first in the industry to disclose unadjusted pay gaps between women and men globally, and between minorities and non-minorities in the U.S. As part of this commitment to diversity and inclusion, Citi set representation goals for black talent in the U.S. and female talent globally to increase representation across all levels of the firm. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option and is aligned with the United Nations (UN) Global Compact and UN Guiding Principles on Business and Human Rights frameworks.

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Tuesday, April 23


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Citigroup: Potential Upside in the Stock

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Will Citigroup’s Bull Run Continue?(Continued from Prior Part)CitigroupAnalysts have a consensus target price of $79.20 per share on Citigroup (C), which implies a potential upside of 12.6% based on its closing price of $70.35 on April 17.

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Citi and ISS Launch High Frequency Connection for Proxymity Voting Platform

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Citi, in collaboration with Institutional Shareholder Services Inc. (ISS), the leading provider of end-to-end responsible investment and governance solutions to the global financial community, have launched a high frequency connection that seamlessly links ProxymitySM , the pioneering digital proxy voting platform developed through Citi's D10XSM program, with ProxyExchange, ISS’ platform, to expedite the delivery of proxy ballot information. Through the connection, for company meetings supported by Proxymity, users of ISS’ research and voting platform, ProxyExchange, can now leverage the Proxymity platform’s proprietary technology and algorithm to benefit from features such as instant meeting notifications and extended voting deadlines, which in some cases will provide up to nine additional days for decision making. “The connection between ProxyExchange and Proxymity will provide our clients with a sophisticated and streamlined information delivery and voting solution while providing near real-time visibility into the successful casting of ballots.”. The Proxymity platform was developed by Citi employees, Dean Little and Jonathan Smalley through Citi’s D10XSM program, and was named “Best Innovation in Service Provision” by Global Custodian. For more information, visit www.proxymity.io.

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Thursday, April 18


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Citi downgrades Morgan Stanley: 'We'd rather be on the sidelines'

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Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is "fairly valued." Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending its shares 2.6% higher. Citi thinks that after the earnings boost, Morgan Stanley's stock is in line with its target and has little room to go up. "Though we believe MS has very high quality franchises and has the potential to continue to gain market share, we'd rather be on the sidelines in the near-term," Citi analyst Keith Horowitz said in a note Thursday.

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Will Citigroup’s Bull Run Continue?

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Will Citigroup’s Bull Run Continue?Stellar stock performance So far in 2019, Citigroup (C) stock has outperformed its peers and broader markets. Citigroup stock has risen 35.1% on a YTD (year-to-date) basis as of April 17. The stock has risen.

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Wednesday, April 17


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Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends

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The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.45 per share, payable on May 24, 2019 to stockholders of record on May 6, 2019. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $26.75 for each receipt held. 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. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

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Citi U.S. economic index edges up after trade data

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. Citi U.S. economic index edges up after trade data. (Reuters) - Citi Research's gauge on U.S. economic data surprises ticked higher on Wednesday from its lowest level since July 2017 following data that showed the U.S. trade gap narrowed in February to its slimmest in eight months. The Citi barometer, which measures whether U.S. economic data come in weaker or stronger than analysts forecast, is monitored by traders for the U.S. growth trajectory.

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Citi Issues Nine Structured Green Bonds to Finance Sustainable Development

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Citi Issues Nine Structured Green Bonds to Finance Sustainable Development. The proceeds will be allocated exclusively to finance loans or investments made by Citi for assets or projects that meet Citi’s green bond eligibility criteria, which Citi developed to identify projects that contribute to climate change mitigation or promote sustainable infrastructure. This financing activity is aligned with the Citi’s Sustainable Progress Strategy, which sets out Citi’s guiding principles, priorities and ambitions in environmental finance, environmental and social risk management, and the firm’s own operations and supply chain. “The green bond market has gained significant traction as investors are keen to be associated with projects that align with their interest in sustainable investing,” said Fabrice Hugon, Head of Third Party Sales for the Americas at Citi.

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Tuesday, April 16


News

Citi Upgrades Cummins, Cites Improving Chinese Environment

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The bullish case for Cummins Inc. (NYSE: CMI) is based on the thesis that earnings and cash flow should stay "higher for longer," according to Citi. Cummins' business could see an uptick from China after the country reported a better-than-expected PMI, Thein said in the Tuesday upgrade note. The data set likely indicates a recovery in China's mining sector, which bodes well for Cummins' stock, as it's closely correlated with emerging market data points, Thein said. Expectations for the North American heavy truck segment to peak in the fourth quarter of 2019 do not translate to "doom" for stocks like Cummins, the analyst said.

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