Jim McCormick from Citi discusses the risks for investors, including a rise in bond yields the current level of commodity prices remaining "artificial". He cites the markets that he thinks offer the best opportunities with this backdrop.

Legacy European airlines are trimming their summer schedules more aggressively as elevated fuel prices broaden the scope of network cuts, though Citi said the adjustments remain small enough to support near-term pricing power. The broker said early summer 2026 growth on legacy carrier networks remains minimal, ranging from a 0.1% decline to a 0.7% increase in the second quarter, accelerating to growth of between 1.6% and 4.7% in the third quarter.

Citigroup plans to allocate a significant share of its global wealth management hiring to Asia, where the bank's private banking business is expanding faster and delivering stronger productivity than other regions, according to Andy Sieg, Citi's head of global wealth. The hiring strategy forms part of the bank's broader effort to strengthen returns from its wealth management division under Chief Executive Jane Fraser's restructuring strategy.

Citigroup plans to allocate a significant portion ​of its global wealth management hiring to Asia, where its private bank is growing faster and ‌generating higher productivity than in other regions, the bank's global wealth head Andy Sieg said.

Citigroup receives a buy rating, driven by the top and bottom line trends, as well as macro tailwinds. C has beaten earnings estimates in 3 of the last 4 quarters and outperformed my prior hold rating, rising +70% since December 2024. Key drivers include diversified business segments, improving consumer confidence, positive M&A outlook, and steady net new investment assets in wealth management.

Citigroup teams up with BlackRock's HPS, expanding direct lending across EMEA as private credit demand accelerates.

C reports lower April card delinquencies and charge-offs year over year, while principal receivables increase modestly from March.

Citigroup has appointed former British politician Chuka Umunna as managing director in its UK investment ​banking division, according to an internal memo confirmed ‌by a Citi spokesperson on Tuesday.

CFRA cut its rating on Bank of America (NYSE:BAC | BAC Price Prediction) stock to Hold on Tuesday, May 19, joining a parallel downgrade of Citigroup (NYSE:C) to Hold on the same day.

Rothschild & ​Co appointed on ‌Tuesday Lucy Baldwin as ​global head ​of equities, leading ⁠sales and ​trading, research ​and corporate access.