Citigroup Stock Sees Upside as Goldman Upgrades to Buy on Positive ROTCE Growth Prospects
Thursday, 14 March 2024, 12:09
Citigroup Stock Gains on Goldman's Buy Upgrade
Citigroup stock saw a rise in value as Goldman Sachs upgraded its rating to Buy, anticipating substantial growth in Return on Tangible Common Equity (ROTCE) to reach 9.5%.
Key Highlights:
- Upgrade Impact: Citigroup's stock rose post Goldman's optimistic Buy upgrade.
- Growth Prospects: Expected growth in ROTCE to 9.5% showcases positive outlook.
This upgrade signals potential for increased profitability and market performance for Citigroup.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.