BlackRock acquired 154M Citigroup shares worth $20.8B. That's 0.32% of their equity portfolio (47th largest holding). The investor owns 9.62% of the outstanding Citigroup stock. The first Citigroup trade was made in Q4 2020. Since then BlackRock bought shares eight more times and sold shares on nine occasions. The stake costed the investor $7.96B, netting the investor a gain of 161% so far.
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C's Q1 earnings beat estimates on higher NII and strong revenue growth, lifting the stock despite rising expenses, credit costs and weaker capital ratios.
Citigroup Inc (NYSE:C) reported first-quarter profit that rose sharply from a year earlier and topped Wall Street estimates, helped by stronger trading perfo...
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 200 points on Tuesday.