We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Citi (C) Partners With Sharegain, Bolsters Digital Offerings
Read MoreHide Full Article
Citigroup (C - Free Report) has entered into partnership with Sharegain, a capital markets fintech firm, to introduce its first fully automated securities lending solution for clients availing custodial services.
The new solution has been developed in a manner that makes its integration with wealth managers’ existing IT infrastructure possible. Also, clients will be able to witness a fully digital experience, from enrolment in the program through managing their lending, with this solution.
Also, wealth managers will be able to provide its customers with securities lending program and the opportunity to earn additional revenues on stocks, bonds and ETFs, without developing an internal program from scratch.
"In a world where new technologies are transforming the way we do business, Citi is embracing innovative ideas to deliver new services to our clients," said Chris Cox, Global head of data and digitization and EMEA head of securities services at Citigroup. "Partnering with Sharegain allows us to provide a digital securities lending solution that is flexible, scalable and easily integrates with our clients’ existing systems." he added.
The company has been making efforts to bolster its wealth management unit. In January 2021, the company combined its wealth management business under one name— Citi Global Wealth. Citigroup feels that a unified wealth unit will help it deliver the full, global power of its services to clients while ensuring that it preserves the capabilities and expertise of the private bank and consumer wealth businesses.
Over the past six months, shares of Citigroup have gained 61.7% compared with 54.2% rally of the industry.
Fifth Third Bancorp (FITB - Free Report) has witnessed an upward earnings estimate revision of 2.1% for 2021 over the past 30 days. This Zacks Rank #2 (Buy) stock has jumped 70% over the past six months.
JPMorgan Chase & Co. (JPM - Free Report) current-year earnings estimates have risen slightly in 30 days’ time. Further, the company’s shares have appreciated 56.7% over the past six months. At present, it carries a Zacks Rank #2.
Morgan Stanley (MS - Free Report) has witnessed an upward earnings estimate revision of 1.5% for 2021 over the past 30 days. This Zacks Rank #2 stock has jumped 63.9% over the past six months.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Image: Bigstock
Citi (C) Partners With Sharegain, Bolsters Digital Offerings
Citigroup (C - Free Report) has entered into partnership with Sharegain, a capital markets fintech firm, to introduce its first fully automated securities lending solution for clients availing custodial services.
The new solution has been developed in a manner that makes its integration with wealth managers’ existing IT infrastructure possible. Also, clients will be able to witness a fully digital experience, from enrolment in the program through managing their lending, with this solution.
Also, wealth managers will be able to provide its customers with securities lending program and the opportunity to earn additional revenues on stocks, bonds and ETFs, without developing an internal program from scratch.
"In a world where new technologies are transforming the way we do business, Citi is embracing innovative ideas to deliver new services to our clients," said Chris Cox, Global head of data and digitization and EMEA head of securities services at Citigroup. "Partnering with Sharegain allows us to provide a digital securities lending solution that is flexible, scalable and easily integrates with our clients’ existing systems." he added.
The company has been making efforts to bolster its wealth management unit. In January 2021, the company combined its wealth management business under one name— Citi Global Wealth. Citigroup feels that a unified wealth unit will help it deliver the full, global power of its services to clients while ensuring that it preserves the capabilities and expertise of the private bank and consumer wealth businesses.
Over the past six months, shares of Citigroup have gained 61.7% compared with 54.2% rally of the industry.
Currently, the stock carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Fifth Third Bancorp (FITB - Free Report) has witnessed an upward earnings estimate revision of 2.1% for 2021 over the past 30 days. This Zacks Rank #2 (Buy) stock has jumped 70% over the past six months.
JPMorgan Chase & Co. (JPM - Free Report) current-year earnings estimates have risen slightly in 30 days’ time. Further, the company’s shares have appreciated 56.7% over the past six months. At present, it carries a Zacks Rank #2.
Morgan Stanley (MS - Free Report) has witnessed an upward earnings estimate revision of 1.5% for 2021 over the past 30 days. This Zacks Rank #2 stock has jumped 63.9% over the past six months.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>