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CITIGROUP INC.

(C)
  Report
Real-time Estimate Cboe BZX  -  01:41 2022-12-05 pm EST
45.70 USD   -3.27%
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Credit Suisse co-head of global banking Welter to join Citigroup

09/27/2022 | 12:49pm EST
Logo of Swiss bank Credit Suisse is seen in Bern

ZURICH (Reuters) - Credit Suisse's global co-head of banking and EMEA co-head of investment banking and capital markets Jens Welter is leaving to join Citigroup, in a blow to the Swiss bank as it prepares for a major restructuring.

Veteran Credit Suisse banker Welter, who was appointed to the role at Switzerland's second-largest lender in January, will join Citi in December as its co-head of EMEA Banking, Capital Markets and Advisory, Citigroup said in a statement on Tuesday.

Credit Suisse, which is due to reveal details of its strategy review on Oct. 27, was not immediately available for comment.

Reuters reported last week that Credit Suisse is sounding out investors for fresh cash as it attempts a radical overhaul of its investment bank.

(Reporting by Silke Koltrowitz and Oliver Hirt; Editing by Alexander Smith)


ę Reuters 2022
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Analyst Recommendations on CITIGROUP INC.
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Financials (USD)
Sales 2022 75 202 M - -
Net income 2022 14 116 M - -
Net Debt 2022 - - -
P/E ratio 2022 6,60x
Yield 2022 4,32%
Capitalization 91 497 M 91 497 M -
Capi. / Sales 2022 1,22x
Capi. / Sales 2023 1,19x
Nbr of Employees 238 000
Free-Float 62,4%
Chart CITIGROUP INC.
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Technical analysis trends CITIGROUP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 47,24 $
Average target price 55,89 $
Spread / Average Target 18,3%
EPS Revisions
Managers and Directors
Jane Nind Fraser President, Chief Executive Officer & Director
Mark A. L. Mason Chief Financial Officer-Institutional Clients
John C. Dugan Chairman
Mike Whitaker Head-Operations & Technology
Mary Mcniff Chief Compliance Officer
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