Citi Trends, Inc. shares rise 6.50% intraday after Citi Wealth announced a new portfolio offering powered by BlackRock.

Citi Trends, Inc. rose 6.50% in intraday trading, with Citigroup Inc. announcing a new customized portfolio offering powered by BlackRock. This offering will combine the strategic investment advisory and planning capabilities of the leading global bank with the investment management and technology strengths of one of the world's preeminent asset managers. The agreement includes the appointment of BlackRock to manage approximately $80 billion in assets for thousands of Citi Wealth clients.