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EXPLAINED: 2 - The Real Truth

Rs 18,000 crore crash in Trent shares explained, and should you buy the dip

Trent shares fell sharply on Tuesday, erasing nearly Rs 18,000 crore in market value, after its Q1 revenue growth of 19% missed Street estimates. While weak store productivity and slowing expansion raised concerns, most brokerages remain bullish, calling the slowdown seasonal, though Citi warns of structural challenges and intensifying competition.

The Economic Times

Global Market: Citi joins London's bullion clearing network in major precious metals expansion

Citi has joined London's over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the bullion trade's settlement infrastructure, which handles approximately $160 billion in daily transactions. Citi's entry, the first in a decade, signals progress in making the market more accessible. The bank…

The Economic Times

How JPM's female leadership pipeline to CEO went bust

Marianne Lake's retirement from JPMorgan marked the end of the bank's chance to elevate a woman to one of the world's top jobs.

Fortune

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Oil prices little changed as US-Iran peace efforts hold

Oil prices saw minimal change as peace talks between the U.S. and Iran offered hope for the Strait of Hormuz's reopening. Despite recent skirmishes, a potential deal is expected to hold, boosting Middle Eastern supply. Gulf producers, including Kuwait and Saudi Arabia, are increasing output, leading to a near-term oil…

The Economic Times

Brent Crude Could Sink to $60 a Barrel by Year-End Despite 'Temporary Flare-Ups' Between US and Iran, Citi Analysts Say

Analysts from Citi predict a significant drop in Brent crude prices to $60 a barrel by year-end, banking on the U.S.-Iran truce to hold.

Benzinga

Citi sees brent crude sliding to $60/bbl as supply fears ease

Geopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, according to Citi. Global energy markets are normalizing, with shipping resuming and Gulf producers increasing output. Despite this, Chinese buyers remain absent, and inventories are lower than anticipated,…

The Economic Times

2026 multibagger smallcap stock jumps another 10% after Rs 1,437 crore Vedanta Aluminium order

Bluspring Enterprises shares hit a record high after its subsidiary secured a Rs 1,437 crore operations and maintenance contract from Vedanta Aluminium Metal. The order strengthens the company’s order book, while multiple recent contract wins and positive brokerage views on Vedanta Aluminium support investor sentiment.

The Economic Times

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Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?

Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies,…

The Economic Times

Citi becomes No. 1 investment banker in India, earns $60 million in last 6 months: LSEG

The jump gives Citi a 9.8% wallet share of India's total investment banking fee pool, which itself shrank 20% year-on-year to $614.1 million in the first half.

The Economic Times

3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test

Goldman Sachs, Wells Fargo, and Citigroup all passed the Fed's 2026 stress tests and plan dividend increases of up to 12%, with yields ranging from roughly 1.9% to 2.4%.

MarketBeat

A Record $7.9 Trillion Is Sitting in Cash. Citi Warns Inflation Is Making It Bleed Value.

The Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation gauge, climbed to a seasonally adjusted annual rate of 4.1% in May, marking its highest reading since April 2023.

International Business Times

Carnegie Foundation unveils 2026's 'Great Immigrants, Great Americans' list

The Andrew Carnegie Foundation has announced this year’s “Great Immigrants, Great Americans” honorees, including Citi CEO Jane Fraser and Pulitzer Prize-winning authors Hernan Diaz and Cristina Rivera Garza

The Independent UK

Bandhan Bank CFO Rajeev Mantri resigns, to leave in September

Bandhan Bank's Chief Financial Officer, Rajeev Mantri, has resigned, citing career growth as his reason for departure. Mantri, who also served as Executive President, submitted his resignation on June 29 and will officially leave on September 25. He expressed gratitude for the support received during his tenure, highlighting his contributions…

The Economic Times

Cheaper AI is better: Soaring bills are reshaping how businesses choose models

Top executives such as Microsoft's Satya Nadella, Palo Alto Networks' Nikesh Arora and Coinbase Global's Brian Armstrong have said smaller, cheaper models can handle a big share of corporate needs.

The Economic Times

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Barchart

MU Stock Soars as Micron’s Revenue More Than Quadrupled in Q3

Micron shares are rallying on a strong Q3 and impressive future guidance. Citi sees significant further upside in MU stock from here.

Barchart

Citi Just Raised Its Price Target on SanDisk Stock. Here's Why.

SanDisk stock rallies as Citi raises price target to $2,500. Here’s why analyst Asiya Merchant is bullish on SNDK shares.

Bangkok Post

Markets hear Greenspan echo as Fed goes quiet

As the world marks the passing of former Federal Reserve Chair Alan Greenspan, who died on Monday aged 100, it's almost fitting that the US central bank is entering a period of "less is more" when it comes to communications -- something the "maestro" himself ‌would have approved of.

The Economic Times

How Dubai is trying to bring tourists and investors back after months of regional tensions

Dubai convened business leaders following Iran's strikes to mitigate economic fallout, pledging $681 million in support. While a preliminary peace deal eases immediate strains, restoring investor confidence requires sustained signals of authority response to future tensions. Analysts suggest more targeted incentives may be necessary for sectors like tourism and aviation…

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Barchart

How Applied Materials Could Become the Next $1 Trillion Chip Stock

This business makes the complicated and expensive hardware needed to produce the latest AI chips. Is Wall Street overpaying or underpaying? Citi thinks it's the latter.

Barchart

Why Applied Materials Just Got a New Street-High Price Target

Wells Fargo analysts believe AMAT has more room to run amid the ever-increasing demand for semiconductor equipment and AI infrastructure buildouts.

The Economic Times

Trent shares jump 4% after Noel Tata’s comments during AGM. Here’s what Morgan Stanley, other brokerages say

Trent's stock surged over 4% as brokerages like Morgan Stanley and Motilal Oswal reiterated bullish calls. Chairman Noel Tata's vision of 10x revenue and profit growth, fueled by new brands and international expansion, impressed analysts. The company plans significant investments in infrastructure and aims for aggressive store additions across its…

The Economic Times

Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?

Vedanta's demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating 'Buy'…

Barchart

Lam Research Stock Just Got a New Street-High Price Target. NAND Equipment Demand Can Take LRCX Higher.

Lam Research is in focus as Citi’s $450 price target highlights the company’s potential from surging NAND demand.

The Economic Times

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.

The Economic Times

Meesho shares rise 2% as Citi initiates coverage with Buy rating. Here's why

International brokerage Citi initiated coverage on Meesho with a 'Buy' rating, setting a target price of Rs 210 and anticipating a 23% upside. The firm is optimistic about Meesho's growth in India's e-commerce sector, citing its strong presence beyond major cities and a robust seller network. The company reported significantly…

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