NYSE:CBanks
Citigroup (C) Valuation Check As China Securities Approval And Asia Expansion Take Shape
Regulatory approval in China and Asia focus set the context for Citigroup stock
Citigroup (C) has just cleared a multi year regulatory process to run a wholly owned securities firm in mainland China, and it is also planning to lift Asia Pacific prime brokerage headcount by about 10%.
See our latest analysis for Citigroup.
Alongside the China approval and Asia build out, Citigroup’s share price has eased 1.7% over the past week and 6.6% over the past month. However, a 90 day share price return...