Chinese Battery Shares Decline on Plan to Cut Export Tax Rebates [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
Contemporary Amperex Technology Co. led the drop with a decline of as much as 4.8% in onshore trading Monday, among the worst performers on the MSCI China Index. Its smaller peers including Eve Energy Co. and Gotion High-Tech Co. also slid more than 4% at one point. Most Read from Bloomberg New Design Plans Revealed for White House Ballroom In Birmingham, a Stadium Plan Shows UK Football's Flashy Side Summit Properties Wins Auction for Bankrupt NYC Apartments New LA Home Designs, Reimagined By Fire Slowing the Spread of Urban Fires Starts Right Outside the Home China announced a rejig of its value-added tax rebates on hundreds of export products starting from April, with discounts on 22 battery-related goods to be cut to 6% from 9%. A complete removal is planned from 2027. “The decline in Chinese battery stocks today appears to be a knee-jerk reaction,” said Gary Tan, portfolio manager at Allspring Global Investments LLC. “Investors view it as an early signal of tight
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News
- Citigroup (NYSE:C) had its "neutral" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Citigroup (NYSE:C) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $121.00 price target on the stock.MarketBeat
- Citigroup (NYSE:C) was given a new $135.00 price target on by analysts at Piper Sandler.MarketBeat
- Citigroup (NYSE:C) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Citigroup (NYSE:C) was given a new $144.00 price target on by analysts at Oppenheimer Holdings, Inc..MarketBeat
C
Earnings
- 1/15/26 - Miss
C
Sec Filings
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- C's page on the SEC website