... general strike. The move comes on the view that a sizable bonus provision could weigh on near-term earnings. Citigroup recently cut its target ...

Citigroup cut Samsung Electronics' target price to 300,000 won from 320,000 won, citing union strike-related bonus provision risks, but maintained its Buy rating on solid memory demand.#SamsungElectronics #Citigroup #targetpricecut #laborunionstrike #HBM #memoryshortage #DRAMdemand #semiconductoroutlook
Citi Cuts Samsung Electronics Target Price on Union Risks, Maintains Buy

Bloomberg Technology | Wave of Optimism Sweeps Through Global Markets | The Close 4/8/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Citigroup’s Scott Chronert, Yale School of Management’s Gautam Mukunda, Hartree Partners’ Ed Morse, Tradeweb CEO Billy Hult, Charles Schwab’s Liz Ann Sonders, National Center of Energy Analytics’ Neil Atkinson, The Conference Board’s Yelena Shulyatyeva, Apollo Private Equity’s David Sambur, & Coldwell Banker Affiliates President Jason Waugh. (Source: Bloomberg)

Read more: https://www.bloomberg.com/news/videos/2026-04-08/the-close-4-8-2026-video

#bloombergtelevision #citigroup #tradeweb

undefined | Earnings season kicks off next week. Morgan Stanley sees these stocks surprising to the upside

Earnings season begins next week, and investors will soon shift their attention to corporate results for the first quarter that ended March 31. In a Friday note, Morgan Stanley’s quantitative equity research team identified three companies—Western Digital, Citigroup and RTX—as the most likely to post earnings surprises to the upside, outpacing Wall Street consensus estimates.

Western Digital tops the list with a 96th‑percentile score in Morgan Stanley’s Earnings Surprise Composite model, driven by a tight memory‑storage‑chip market tied to the AI build‑out. The stock has surged nearly 900 % over the past year and climbed 77 % so far in 2026. The company is slated to release its quarterly results on April 23; analysts expect earnings of $2.36 per share on revenue of $3.23 billion, following a prior beat that briefly sent the shares down more than 10 % before a 16 % rebound.

Citigroup ranks in the 93rd percentile, having rallied 158 % (excluding reinvested dividends) over the past three years, though its price remains relatively flat in 2026. For the April 14 earnings release, FactSet forecasts $2.67 per share on $23.34 billion of revenue. RTX, the defense contractor behind Pratt & Whitney, Raytheon and Collins Aerospace, lands in the 81st percentile. After an initial rise at the start of the U.S.–Iran conflict, the stock is now slightly lower; analysts project $1.50 per share on $21.39 billion of revenue for its April 21 filing.

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#morganstanley #westerndigital #citigroup #rtx

Yahoo Finance | US banks set to deliver solid first quarter results amid macroeconomic uncertainty

Major US banks are poised to deliver solid first quarter results, though broader economic concerns may temper investor enthusiasm as earnings season begins, according to Bank of America analysts. The analysts expect broadly in-line to slightly better results across eight large institutions: JPMorgan Chase, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley, BNY Mellon, State Street and Northern Trust. Performance is being driven by elevated trading activity and a rebound in investment banking, alongside a more favorable interest rate backdrop and continued growth in commercial lending.

Deposit costs have remained relatively contained, helping support net interest income, while credit quality has so far held up despite ongoing scrutiny of private credit markets. However, the bank’s analysts highlighted that strong quarterly results may not translate into improved sentiment. “Results alone may not be enough to turn around worsening investor sentiment, informed by private credit headlines, software disruption, and rising stagflation risks,” they wrote. Bank of America sees the current environment as one where earnings resilience is intact, but confidence is fragile.

While there is still a credible path to avoiding a recession, uncertainty around inflation and growth is likely to keep management teams cautious. As a result, banks are not expected to significantly revise full-year guidance at this stage. Valuations across the sector are seen as reasonable relative to earnings growth expectations, with the analysts suggesting that a more pronounced deterioration in the economic outlook, or a market shock, would be needed to drive meaningful underperformance in bank stocks. Citigroup Inc (NYSE:C) is highlighted as offering the most attractive risk-reward profile, while Morgan Stanley (NYSE:MS) is modestly preferred over Goldman Sachs. Among custody banks, Bank of New York Mellon Corp (NYSE:BK) is the top pick, and State Street Corp (NYSE:STT) has been upgraded to a more neutral stance.

Read more: https://finance.yahoo.com/markets/stocks/articles/us-banks-set-deliver-solid-171000002.html

#usbanks #bankofamerica #jpmorganchase #wellsfargo #citigroup