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Enter Symbol:
Rating: C
Outperform $66
down 17.00 %

Citigroup Inc. (NYSE: C) reiterated to Outperform with price target $66 by Oppenheimer

Tuesday,  Jan 19, 2016  10:25 AM ET by Lynn Gilbert

Oppenheimer reiterated Citigroup Inc. (NYSE: C) to Outperform with price target $66. Previously, Oppenheimer rated Citigroup Inc. (NYSE: C) to Perform with price target
$73 on 01/05/2016, when the stock price was valued at $51.57. Since then, Citigroup Inc.'s stock price has lost 17% as of 01/19/2016's recent price of $42.93.
If you had followed Oppenheimer's previous recommendation on C, you would have lost 17% of your investment in 14 days.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company is engaged in providing a range of financial services to consumers and corporate customers. As of May 4, 2009, Citigroup had more than 200 million customer accounts and did business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citigroup provides consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.In August 2009, the Company sold three credit card portfolios.In September 2009, Citigroup Inc. completed the sale of Nikko Cordial Securities to Sumitomo Mitsui Financial Group, Inc.'s subsidiary, Sumitomo Mitsui Banking Corporation. In October 2009, the Company sold its Nikko Asset Management Co. to The Sumitomo Trust & Banking Co., Ltd.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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