Stocks, crude plunge on economic data, oil oversupply [Reuters (UK)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Reuters
Stocks, crude plunge on economic data, oil oversupply - Reuters 4 Min Read NEW YORK (Reuters) - A double whammy of economic data showing the U.S. economy in a deep downturn and reports of persistent crude oil oversupply and collapsing demand slammed global markets on Wednesday as vivid reminders of the damage from coronavirus-related lockdowns. Oil prices sank after the International Energy Agency (IEA) forecast a 29-million-barrel per day dive in April crude demand to levels not seen in 25 years and said no output cut could fully offset the near-term decline facing the market. Shares on Wall Street followed European stocks lower as a raft of dour earnings from U.S. banks and a slide in listed oil heavyweights in London and Paris due to the outlook for crude prices pushed major stock indexes lower. Uncertainty still prevails in markets as it’s not clear when economies are going to come out of the pandemic-driven slowdown, said Candice Bangsund, a global asset allocation strategist at
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C
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