Citigroup's $1.378 Billion Trading Day Lands 50th in Market Activity

Generado por agente de IAAinvest Market Brief
viernes, 11 de abril de 2025, 7:57 pm ET1 min de lectura
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On April 11, 2025, Citigroup's trading volume reached $1.378 billion, ranking 50th in the day's market activity. The stock price of CitigroupC-- (C) increased by 0.08%.

Citigroup Inc. experienced a decline in its stock price during mid-day trading on a recent Thursday. The company's shares traded as low as $60.50 and last traded at $61.67.

The Treasurer of the State of North Carolina reduced its holdings in Citigroup Inc. shares by 0.8% in the fourth quarter. This reduction in holdings could potentially impact investor sentiment and the stock's performance.

Citigroup's stock price was affected by broader market trends, with fears of a recession and expectations of higher interest rates due to economic slowdown and tariffs. These factors could lead to a decline in loan demand, which is a significant revenue source for the bank.

Citigroup's stock price was also influenced by a broader market rally sparked by the suspension of tariffs. This shift in policy had a positive impact on economic growth, benefiting bank stocks, including Citigroup.

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