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Citigroup

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

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Whales with a lot of money to spend have taken a noticeably bearish stance on Citigroup.
Looking at options history for Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 59% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $211,613 and 17, calls, for a total amount of $732,862.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $90.0 for Citigroup over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Citigroup stands at 14385.71, with a total volume reaching 32,890.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Citigroup, situated within the strike price corridor from $50.0 to $90.0, throughout the last 30 days.
<h3>Citigroup Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731612791_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.29</td>
<td>$1.26</td>
<td>$1.26</td>
<td>$70.00</td>
<td>$74.5K</td>
<td>14.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.0</td>
<td>$4.95</td>
<td>$5.0</td>
<td>$65.00</td>
<td>$62.0K</td>
<td>16.3K</td>
<td>159</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.6</td>
<td>$20.2</td>
<td>$20.2</td>
<td>$50.00</td>
<td>$60.6K</td>
<td>4.3K</td>
<td>30</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.78</td>
<td>$2.74</td>
<td>$2.74</td>
<td>$70.00</td>
<td>$58.9K</td>
<td>73.6K</td>
<td>231</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.53</td>
<td>$1.52</td>
<td>$1.52</td>
<td>$72.50</td>
<td>$55.6K</td>
<td>28.1K</td>
<td>2.3K</td>
</tr>
</tbody>
</table>

<h3>About Citigroup</h3>
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Having examined the options trading patterns of Citigroup, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Citigroup's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 9,127,274, the C's price is down by -1.34%, now at $67.97. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 62 days.</li>
</ul>
<h3>Expert Opinions on Citigroup</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $82.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Citigroup, targeting a price of $107. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Citigroup, which currently sits at a price target of $64. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Citigroup, which currently sits at a price target of $82. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $91. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on Citigroup, maintaining a target price of $70. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Citigroup options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Citigroup's Options Frenzy: What You Need to Know

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$300.00</td>
<td>$29.6K</td>
<td>7.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$70.00</td>
<td>$74.5K</td>
<td>14.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$17.00</td>
<td>$108.0K</td>
<td>3.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$585.00</td>
<td>$36.2K</td>
<td>580</td>
<td>885</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$65.00</td>
<td>$54.9K</td>
<td>312</td>
<td>827</td>
</tr>
<tr>
<td>PSFE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.00</td>
<td>$25.3K</td>
<td>3</td>
<td>326</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$77.50</td>
<td>$38.9K</td>
<td>3.7K</td>
<td>267</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 36 day(s) on December 20, 2024. This event was a transfer of 14 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $2115.0 per contract. There were 7391 open contracts at this strike prior to today, and today 3097 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be bearish, expiring in 36 day(s) on December 20, 2024. This event was a transfer of 591 contract(s) at a $70.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $74.5K, with a price of $126.0 per contract. There were 14590 open contracts at this strike prior to today, and today 1648 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be neutral, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 1000 contract(s) at a $17.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $108.0K, with a price of $108.0 per contract. There were 3107 open contracts at this strike prior to today, and today 1128 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 160 contract(s) at a $585.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $225.0 per contract. There were 580 open contracts at this strike prior to today, and today 885 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 764 day(s) on December 18, 2026. Parties traded 350 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $54.9K, with a price of $157.0 per contract. There were 312 open contracts at this strike prior to today, and today 827 contract(s) were bought and sold. 
• Regarding PSFE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>), we observe a call option sweep with bullish sentiment. It expires in 36 day(s) on December 20, 2024. Parties traded 230 contract(s) at a $18.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $110.0 per contract. There were 3 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on January 17, 2025. This event was a transfer of 213 contract(s) at a $77.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $183.0 per contract. There were 3777 open contracts at this strike prior to today, and today 267 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

PSFE

SOFI

7 Financials Stocks Whale Activity In Today's Session

<a href="https://www.barrons.com/articles/citigroups-probe-russian-oligarch-kerimov-c10cfa2e">https://www.barrons.com/articles/citigroups-probe-russian-oligarch-kerimov-c10cfa2e</a>
<a href="https://www.barrons.com/market-data/stocks/c?mod=article_chiclet">Citigroup</a> is being investigated by several U.S. agencies for the work it has done for a trust that holds the assets of Suleiman Abusaidovich Kerimov, a Russian official sanctioned by the U.S. government, as federal officials continue to scrutinize how Russia's oligarchs store and access their assets abroad.
The Department of Justice, the Federal Bureau of Investigation, and the Internal Revenue Service have been investigating the matter for more than a year, a person with knowledge of the situation said.
The probe centers on <a href="https://www.barrons.com/market-data/stocks/c?mod=article_chiclet">Citigroup</a>
<a href="https://www.barrons.com/market-data/stocks/c?mod=article_chiclet">C</a>
<a href="https://www.barrons.com/market-data/stocks/c?mod=article_chiclet">-0.91%</a>
providing services to Heritage Trust, which held the assets of <a href="https://www.wsj.com/articles/u-s-targets-russian-oligarchs-in-new-sanctions-1523018826?mod=article_inline">Kerimov</a>, an ally of Russian President Vladimir Putin who made his fortune in the Russian gold mining industry. The U.S. government has <a href="https://home.treasury.gov/news/press-releases/jy0841">said</a> the trust was formed seven years ago to hold and manage Kerimov's U.S.-based assets.
&nbsp;
The probe also focuses on Citi's financial compliance framework, such as the anti-money-laundering and client-vetting processes designed to prevent financial crimes. While Citi's trust business still has the Heritage Trust account on its books, the bank cannot administer it as a typical trust—by distributing or accepting funds—while it is blocked by the Treasury Department.
"Citi is committed to conducting all business with the highest consideration for compliance with all applicable laws and regulations," the Citi spokesperson said in a statement to Barron's. "At the same time, we are actively ending nearly all of our institutional banking business in Russia, except for those operations necessary to fulfill remaining legal and regulatory obligations, while we proceed with the closing of our Russian consumer banking business."
Kerimov and his representatives were unable to be reached by Barron's. The Justice Department declined to comment. The IRS and FBI didn't provide comment. Clifford Chance, the law firm Citi hired as outside counsel, declined to comment.
Kerimov is the world's 293rd-richest person, according to the 500-person <a href="https://www.bloomberg.com/billionaires/profiles/suleiman-a-kerimov/">Bloomberg Billionaires Index</a>, with a net worth of nearly $10 billion. The U.S. said it <a href="https://home.treasury.gov/news/press-releases/sm0338">imposed sanctions</a> on Kerimov in 2018 for being an official of the Government of the Russian Federation. Kerimov was also sanctioned by the European Union, Japan, and other countries.
Two years ago the Treasury Department <a href="https://home.treasury.gov/news/press-releases/jy0841">blocked</a> Kerimov from accessing Heritage Trust, which held $1 billion as of June 2022, as part of an investigation into the oligarch's "use of a network of relatives, advisors, and opaque legal entities to invest in the United States." That year, the Justice Department ordered the <a href="https://www.justice.gov/opa/pr/300-million-yacht-sanctioned-russian-oligarch-suleiman-kerimov-seized-fiji-request-united">seizure</a> of a superyacht that it alleged was owned by Kerimov and subject to forfeiture over probable cause of U.S. law violations, including money laundering and conspiracy.
Citi offers trust and wealth planning services to rich clients through its private bank, which is part of the wealth management division. The bank is in the process of <a href="https://www.barrons.com/articles/citigroup-sale-trust-unit-jtc-0bbf04e1?mod=article_inline">selling its trust unit</a> to JTC, a firm based on the English Channel island of Jersey that has expanded in the U.S. through acquisitions, for $80 million. Citi's wealth arm manages $580 billion of investment assets. JTC declined to comment.
Citi is facing federal scrutiny over issues with its internal controls. The Office of the Comptroller of the Currency and the Federal Reserve <a href="https://www.barrons.com/articles/bank-regulators-fine-citi-e3b08ee6?mod=article_inline">fined Citi in July</a> after the regulators found the bank hadn't made enough progress in remedying four-year-old consent orders tied to insufficient risk management oversight.
Chief Executive Officer Jane Fraser said in July that "despite making good progress in simplifying our firm" and addressing the consent orders, "there are areas where we have not made progress quickly enough, such as in our data quality management." The bank has "intensified our focus and increased our investment in those areas over the last several months," she said.
Under Fraser, who has led the fourth-largest U.S. lender since March 2021, Citi is aiming to engineer a turnaround after years of problems with financial regulators, poor returns, and high-profile missteps.
Until the Treasury Department prevented Kerimov from accessing Heritage Trust in 2022, Kerimov used "a complex series of legal structures to continue to retain an interest in, and benefit from, his over $1 billion in assets in the United States," said Andrea Gacki, director of the Treasury's Financial Crimes Enforcement bureau, in a <a href="https://www.fincen.gov/news/speeches/prepared-remarks-fincen-director-andrea-gacki-during-beneficial-ownership-1">speech</a> this past August.
"These funds were invested in large public and private U.S. companies and managed by a series of U.S. investment firms and facilitators," Gacki said. "Along the way, Kerimov and his proxies used various layers of shell companies, including [limited liability companies], to conceal his interest."
The probe of the bank and Kerimov comes as the U.S. government continues to <a href="https://www.wsj.com/articles/prosecutors-targeting-russian-oligarchs-shift-focus-to-service-providers-that-support-them-11669767556?mod=article_inline">investigate the ecosystem of service providers</a>, including financial firms, that the government alleges enable Russian oligarchs to move their money and evade sanctions. In March 2022, following Russia's invasion of Ukraine, the Justice Department formed a task force with other U.S. agencies, including the FBI and the IRS, to enforce sanctions and take action against Russian oligarchs.

News

Global

'Citigroup's Ties To Russian Oligarch Kerimov Draw Federal Scrutiny' - Barron's

Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) adjusted its financial outlook for 2025-2027, projecting slower net revenue growth <a href="https://investor.mastercard.com/financials-and-sec-filings/sec-filings/sec-filings-details/default.aspx?FilingId=17965214" target="_blank" rel="noreferrer noopener">than anticipated</a>.
The new forecast estimates annual net revenue will grow in the &#8220;high-end of low-double-digits,&#8221; a noticeable deceleration compared to the high-teens growth expected for 2022-2024, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-13/mastercard-predicts-slower-annual-revenue-growth-through-2027?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reports</a>.
The company anticipates a compound annual growth rate (CAGR) in the mid-teens for EPS over the next three years, down from its prior expectation of low-20s growth for 2022-2024.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/41938588/why-is-super-micro-computer-stock-trading-lower-on-wednesday" rel="noreferrer noopener">Why Is Super Micro Computer Stock Trading Lower On Wednesday?</a>
The company aims for an annual operating margin of at least 55% during the 2025-2027 timeframe, up from a minimum target of 50% for 2022-2024.
Mastercard reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41659697/mastercard-q3-earnings-revenue-and-eps-beat-cross-border-transactions-growth-sees-european-consumer" rel="noreferrer noopener">third-quarter net revenue</a> of $7.37 billion, a 13% increase from the previous year, surpassing the analyst estimate of $7.27 billion. Adjusted earnings per share climbed 15% year-over-year to $3.89, beating the expected $3.74 consensus.
Revenue from the payments network increased by 10% year-over-year (11% on a currency-neutral basis), driven by a 10% rise in gross dollar volume, a 17% growth in cross-border transactions, and an 11% boost in switched transactions. Mastercard anticipates net revenue growth in the low teens for the fourth quarter, above the $7.27 billion analyst forecast.
KeyBanc&#8217;s analyst Alex Markgraff examined credit and debit card volume data from recent <a href="https://www.benzinga.com/news/24/10/41364634/citigroup-remains-a-compelling-investment-opportunity-analysts-take-on-q3-performance" target="_blank" rel="noreferrer noopener">third-quarter reports</a> by Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).
Overall, the combined credit card volume for these banks grew 5% year-over-year, down from 6% in the previous quarter. Debit card volume increased by 4% year-over-year, slightly below the 5% growth seen in the second quarter.
The banks reported slower growth in card spending but noted consumer resilience continues, with stabilized spending patterns. JPMorgan highlighted customers have mostly exhausted their &#8220;cash buffer,&#8221; while Bank of America observed consistent payment growth into October.
This modest decline contrasts with forecasts for Mastercard and Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), for which analysts expected an uptick in card volumes. Despite this, Markgraff believes third-quarter revenue risk remains minimal.
MA Price Action: Mastercard stock is down 1.08% at $523.61 at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/41907519/sea-ltd-q3-earnings-e-commerce-leads-growth-shopee-on-track-to-hit-gmv-guidance" target="_blank" rel="noreferrer noopener">Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Guidance

Topics

Analyst Ratings

Media

Trading Ideas

Mastercard Lowers Financial Forecast, Signals Slower EPS, Revenue Growth Ahead

Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) shares are trading relatively flat in the <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">morning session on Wednesday.</a>
The banking behemoth announced a new collaboration with the Bank of Shanghai to launch a payment solution designed to simplify the payment experience <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41922359/citi-and-bank-of-shanghai-launch-first-of-its-kind-payments-solution-for-international-travelers-i" rel="noreferrer noopener">for international travelers in China.</a>
The initiative introduces the Bank of Shanghai&#8217;s TourCard, a prepaid digital card that allows overseas visitors to make payments in Chinese yuan (CNY) with ease and efficiency, addressing common pain points in cross-border transactions.
The solution, powered by Citi&#8217;s USD Clearing service, enables travelers to fund their TourCard accounts from external sources, making it easier to access local currency in China. This development removes the barriers typically associated with international payments, such as credit card acceptance issues, high interchange fees, and foreign exchange (FX) charges.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, C stock has gained over 60% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXO#NASDAQ">FTXO</a>) and&nbsp;Investment Managers Series Trust III FPA Global Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FPAG#BATS">FPAG</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41934194/sp-500-dow-futures-dip-as-investors-brace-for-key-inflation-data-expert-says-strong-productivity-will-cap-inflation-despite-feds-rate-cuts" rel="noreferrer noopener">S&amp;P 500, Dow Futures Dip As Investors Brace For Key Inflation Data: Expert Says &#8216;Strong Productivity&#8217; Will Cap Inflation Despite Fed&#8217;s Rate Cuts</a>
Through Citi&#8217;s full-value transfer system, which leverages Swift Go, travelers can ensure that funds are transferred quickly, securely, and without deductions, offering full transparency on payment status, fees, and FX costs.
The TourCard service is integrated with popular digital wallet apps, allowing travelers to link their Bank of Shanghai CNY virtual account to their wallets for a seamless mobile payment experience.
Available for a 90-day period, the TourCard can be easily applied for online via the Bank of Shanghai or China-based wallet apps, the company said.
Dawid Janas, Head of Citi&#8217;s Global Clearing and Financial Institution Payments, emphasized that the partnership delivers an integrated solution, enabling travelers to focus on their experience without worrying about payment hassles.
This collaboration marks a significant step forward in enhancing global payment solutions for travelers in China.
Price Action: C shares are trading higher by 0.39% to $69.29 at last check Wednesday.
Image via Unsplash
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41916359/bitcoin-is-the-decentralized-king-says-anthony-pompliano-whose-100000-price-prediction-is-close-to-coming-true" target="_blank" rel="noreferrer noopener">Bitcoin Is The &#8216;Decentralized King,&#8217; Says Anthony Pompliano, Whose $100,000 Price Prediction Is Close To Coming True</a></li>
</ul>

Equities

General

Northern Lights Fund Trust III FPA Global Equity ETF

FPAG

FTXO

Citigroup Partners With Bank Of Shanghai To Simplify Payments For Travelers In China: Details

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones jumping more than 300 points to settle above the 44,000 level for the first time, extending gains following the election of Donald Trump as the 47th U.S. president.
Wall Street recorded gains last week, with the S&amp;P 500 surging 4.66% last week and the Dow gaining 4.61%. The Nasdaq, meanwhile, jumped 5.74% during the week.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares jumped around 9% on Monday, extending gains following the U.S. presidential election. Shares of big banks, including, JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) all closed higher on Monday.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, financials, and industrials stocks recording the biggest gains on Monday. However, information technology and real estate stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 304 points to 44,293.13 on Monday. The S&amp;P 500 gained 0.10% to 6,001.35, while the Nasdaq Composite rose 0.06% to close at 19,298.76 during Monday's session.
Investors are awaiting earnings results from Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>), The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 67.9, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 62.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

TSLA

Dow Settles Above 44,000 For The First Time As Tesla Continues To Surge After Trump Win: Investor Sentiment Improves, Fear Index In 'Greed' Zone

Financial stocks are basking in a post-election rally after Donald Trump's election win as investors anticipate a friendlier regulatory landscape for banks, brokers and<a href="https://www.benzinga.com/markets"> consumer finance companies</a>.
With expectations of deregulation and possible tax cuts, traders are piling into financials at levels not seen in years.
The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) jumped over 5% last week, hitting fresh record highs, while weekly inflows surged to $1.573 billion—the highest in over two years. 
Regional banks, in particular, were on fire, with the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) skyrocketing nearly 11% and seeing $1.09 billion in inflows, marking its largest influx of money since March 2023.
<h3 class="wp-block-heading">Key Drivers: Deregulation, Tax Cuts Fuel Investor Optimism</h3>
Investors are betting on a wave of Trump-favored financial reforms that could benefit the sector. 
Richard Ramsden, a Goldman Sachs analyst, highlighted that "the market is pricing in the potential for changes to a number of proposed regulations, a step up in capital markets activity, as well as the potential for a reduction in the corporate tax rate."
Potential regulatory changes under Trump could include:
<ol>
<li>401K Reform: Opening up retirement plans to private investments could attract a flood of new capital.</li>
<li>Relaxed Antitrust Regulations: A more lenient antitrust stance may spark increased mergers and acquisitions (M&amp;A) activity.</li>
<li>Reduced SEC Oversight: There is limited clarity on whether the SEC will continue probing brokers' sweep pricing practices.</li>
<li>Crypto-Friendly Policies: Financial firms with crypto exposure may benefit from a more favorable regulatory environment and higher digital asset prices.</li>
</ol>
<h3 class="wp-block-heading">Goldman Sachs's Top Picks Among Financials Stocks</h3>
In anticipation of these shifts, Ramsden and his team have identified several top picks across the financial sector. 
Here's where they see the biggest potential gains:
<ul>
<li>Large Banks: Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), and Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).</li>
<li>Consumer Finance: Bread Financial Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>), Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), and Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).</li>
<li>Capital Markets: Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), LPL Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>), Tradeweb Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TW#NASDAQ">TW</a>), Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>), and PJT Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>).</li>
</ul>
<h3 class="wp-block-heading">Steeper Yield Curve Expected to Boost Regional Banks</h3>
As markets react to potential economic stimulus and reduced regulatory pressure, analysts anticipate a steeper yield curve, which could be a windfall for banks with heavy exposure to fixed-rate assets. 
Around 60% of both regional and large banks' balance sheets consist of fixed-rate holdings, positioning them to profit as long-term rates rise.
Ramsden's picks for banks that stand to gain the most from a steeper yield curve include:
Regional Banks: 
<ul>
<li>Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)</li>
<li>Comerica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>)</li>
<li>First Hawaiian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>)</li>
<li>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>)</li>
<li>Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>)</li>
<li>Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</li>
<li>Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>)</li>
<li>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>).</li>
</ul>
<h3 class="wp-block-heading">Surge in Capital Velocity: M&amp;A and Trading Boost Expected</h3>
Trump's pro-business stance is also expected to accelerate capital velocity in the M&amp;A and equity capital markets, providing a strong backdrop for trading activity. 
According to Ramsden, large banks like Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) could be the biggest beneficiaries, while among regional banks,&nbsp;KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)&nbsp;and&nbsp;Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)&nbsp;stand out.
Investment banks could also see a boost, with&nbsp;Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>),&nbsp;Moelis &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>),&nbsp;PJT Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>), and&nbsp;Piper Sandler Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>)&nbsp;positioned to capitalize on a more active M&amp;A market. 
In the alternative asset management space,&nbsp;Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>),&nbsp;KKR,&nbsp;Apollo,&nbsp;TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), and&nbsp;Ares Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>)&nbsp;are expected to benefit from an uptick in private equity deal flow.
<h3 class="wp-block-heading">Tax Cut Hopes Could Supercharge Regional Banks</h3>
Financial stocks are uniquely positioned to benefit from any corporate tax reductions, given that 90% of their earnings come from the U.S. and are currently taxed at an average rate of 23%. After the 2017 tax reform slashed the corporate tax rate from 35% to 21%, financials saw their effective tax rate drop by 10 percentage points.
Ramsden estimates that if the Trump administration pursues another tax cut, regional banks would likely see the most significant upside. 
His top tax-cut beneficiaries include&nbsp;Moelis &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>),&nbsp;American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>),&nbsp;Evercore Inc.,&nbsp;Bread Financial Holdings,&nbsp;Piper Sandler,&nbsp;First Citizens BancShares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>),&nbsp;Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>), and&nbsp;Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>).
<h3 class="wp-block-heading">Insurers to Benefit from Steeper Curve, P&amp;C Pricing Power</h3>
The insurance sector may also stand to gain under Trump's pro-business policies. Ramsden expects potential increases in claim costs but sees positive momentum for property and casualty pricing.
Insurers with substantial U.S. exposure and a favorable position on the yield curve could see tailwinds.
Ramsden's picks in the insurance space include&nbsp;W.R. Berkley Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>),&nbsp;Hartford Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>), and&nbsp;The Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), which he believes are better positioned than brokers to benefit from these trends.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/24/11/41857487/exclusive-trump-victory-triggers-reshoring-rally-as-supply-chain-security-outweighs-cost">EXCLUSIVE: Trump Victory Triggers &#8216;Reshoring&#8217; Rally As Supply Chain Security Outweighs Cost</a></li>
</ul>
Image created using artificial intelligence via Midjourney and Shutterstock.

Large Cap

Mid Cap

Sector ETFs

Politics

Small Cap

Econ #s

Economics

ETFs

ALLY

ARES

FCNCA

HBAN

LPLA

PIPR

ZION

Trump Trade Sparks Biggest Financial Stock Inflows In 2 Years

In just two years, Chinese-owned Temu has come out of nowhere to become one of the best-known bargain shopping sites, known for its ultracheap and sometimes wacky gadgets and apparel. U.S. consumers are expected to spend about $18 billion on the site this year. Behind the scenes, though, Temu has encountered trouble with the bank that was handling those payments. Citigroup, the fourth-biggest U.S. bank, stopped handling payments for Temu in the U.S. late last year, just a year after the site's launch, following questions raised about Temu's business by payments network Visa, according to people close to the situation. Visa wanted to know whether Temu was doing enough to ensure merchants weren't selling counterfeit or illegal goods.
&nbsp;
<a href="https://www.theinformation.com/articles/citi-cut-off-temu-payments-after-visa-raised-concerns" title="https://www.theinformation.com/articles/citi-cut-off-temu-payments-after-visa-raised-concerns">https://www.theinformation.com/articles/citi-cut-off-temu-payments-after-visa-raised-concerns</a>

Citigourp Global Markets 2% Protected Notes Linked To The Djia

'Citi Cut Off Temu Payments After Visa Raised Concerns' - The Information

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$250.00</td>
<td>$107.0K</td>
<td>4.1K</td>
<td>12.4K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$72.50</td>
<td>$98.4K</td>
<td>3.7K</td>
<td>7.4K</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$180.00</td>
<td>$1.4 million</td>
<td>654</td>
<td>5.5K</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$135.00</td>
<td>$70.0K</td>
<td>10</td>
<td>3.2K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$29.00</td>
<td>$29.9K</td>
<td>233</td>
<td>2.1K</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$100.00</td>
<td>$131.5K</td>
<td>3.4K</td>
<td>260</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1000.00</td>
<td>$407.5K</td>
<td>4</td>
<td>100</td>
</tr>
<tr>
<td>RJF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$170.00</td>
<td>$40.0K</td>
<td>16</td>
<td>100</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$35.00</td>
<td>$94.5K</td>
<td>2.0K</td>
<td>80</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$500.00</td>
<td>$34.7K</td>
<td>1.6K</td>
<td>31</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 8, 2024. Parties traded 214 contract(s) at a $250.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $107.0K, with a price of $500.0 per contract. There were 4138 open contracts at this strike prior to today, and today 12429 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 44 day(s) on December 20, 2024. Parties traded 639 contract(s) at a $72.50 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $98.4K, with a price of $154.0 per contract. There were 3795 open contracts at this strike prior to today, and today 7475 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option sweep that happens to be bullish, expiring in 135 day(s) on March 21, 2025. This event was a transfer of 1240 contract(s) at a $180.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $1.4 million, with a price of $1150.0 per contract. There were 654 open contracts at this strike prior to today, and today 5551 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a put option sweep that happens to be bullish, expiring in 72 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $135.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $700.0 per contract. There were 10 open contracts at this strike prior to today, and today 3256 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option sweep with bearish sentiment. It expires in 72 day(s) on January 17, 2025. Parties traded 113 contract(s) at a $29.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $265.0 per contract. There were 233 open contracts at this strike prior to today, and today 2178 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bearish, expiring in 317 day(s) on September 19, 2025. This event was a transfer of 23 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $131.5K, with a price of $5720.0 per contract. There were 3464 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold. 
• Regarding BLK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), we observe a put option trade with bearish sentiment. It expires in 436 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $407.5K, with a price of $8150.0 per contract. There were 4 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• Regarding RJF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), we observe a call option trade with bearish sentiment. It expires in 191 day(s) on May 16, 2025. Parties traded 50 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $800.0 per contract. There were 16 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we notice a call option trade that happens to be bullish, expiring in 226 day(s) on June 20, 2025. This event was a transfer of 80 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $94.5K, with a price of $1182.0 per contract. There were 2070 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
• Regarding MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we observe a call option trade with bearish sentiment. It expires in 72 day(s) on January 17, 2025. Parties traded 11 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $34.7K, with a price of $3162.0 per contract. There were 1606 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Shares of banking and private equity stocks are trading higher after Donald Trump won the US presidential election.

Throughout the last three months, 9 analysts have evaluated Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Citigroup, revealing an average target of $82.33, a high estimate of $107.00, and a low estimate of $64.00. Surpassing the previous average price target of $79.22, the current average has increased by 3.93%.
<img src="https://www.benzinga.com/files/images/story/2024/1730833264_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Citigroup. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$107.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$70.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$64.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$91.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$82.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$78.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$92.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$86.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>Richard Ramsden</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$71.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Citigroup. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Citigroup compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Citigroup's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Citigroup's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/C/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Citigroup analyst ratings.</a>
<h2>Discovering Citigroup: A Closer Look</h2>
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
<h3>A Deep Dive into Citigroup's Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Citigroup's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 0.6%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Citigroup's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 15.98%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Citigroup's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.69%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.13%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Citigroup's debt-to-equity ratio surpasses industry norms, standing at 1.77. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Citigroup In The Eyes Of 9 Experts

Oppenheimer analyst Chris Kotowski maintains Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) with a Outperform and raises the price target from $91 to $107.

Price Target

Oppenheimer Maintains Outperform on Citigroup, Raises Price Target to $107

Deep-pocketed investors have adopted a bearish approach towards Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in C usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for Citigroup. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 34% leaning bullish and 57% bearish. Among these notable options, 2 are puts, totaling $122,889, and 24 are calls, amounting to $2,137,104.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $70.0 for Citigroup, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Citigroup's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Citigroup's significant trades, within a strike price range of $60.0 to $70.0, over the past month.
<h3>Citigroup Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730822482_0_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.13</td>
<td>$2.1</td>
<td>$2.12</td>
<td>$70.00</td>
<td>$424.2K</td>
<td>11.1K</td>
<td>3.8K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.25</td>
<td>$4.1</td>
<td>$4.1</td>
<td>$60.00</td>
<td>$143.4K</td>
<td>7.2K</td>
<td>870</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$1.59</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$63.00</td>
<td>$116.7K</td>
<td>5.9K</td>
<td>267</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.09</td>
<td>$2.08</td>
<td>$2.08</td>
<td>$70.00</td>
<td>$115.6K</td>
<td>11.1K</td>
<td>576</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$1.52</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$63.00</td>
<td>$105.3K</td>
<td>5.9K</td>
<td>2.8K</td>
</tr>
</tbody>
</table>

<h3>About Citigroup</h3>
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
<h3>Present Market Standing of Citigroup</h3>
<ul>
<li>With a trading volume of 624,687, the price of C is up by 1.47%, reaching $63.27.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 71 days from now.</li>
</ul>
<h3>What The Experts Say On Citigroup</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $77.0.
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&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Citigroup, targeting a price of $82. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Citigroup with a target price of $70. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $91. 
&#x2A; An analyst from Evercore ISI Group persists with their In-Line rating on Citigroup, maintaining a target price of $64. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Citigroup, which currently sits at a price target of $78. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Citigroup, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Behind the Scenes of Citigroup's Latest Options Trends

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$40.1K</td>
<td>45.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$72.50</td>
<td>$501.0K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>WU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.00</td>
<td>$278.1K</td>
<td>7.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$16.00</td>
<td>$76.7K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$12.50</td>
<td>$130.0K</td>
<td>2.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$16.50</td>
<td>$79.3K</td>
<td>246</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$185.00</td>
<td>$32.3K</td>
<td>2.3K</td>
<td>841</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$44.50</td>
<td>$62.0K</td>
<td>107</td>
<td>805</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$50.00</td>
<td>$57.5K</td>
<td>624</td>
<td>612</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$26.2K</td>
<td>1.3K</td>
<td>310</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 451 contract(s) at a $65.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $89.0 per contract. There were 45098 open contracts at this strike prior to today, and today 4686 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 3000 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $501.0K, with a price of $167.0 per contract. There were 3283 open contracts at this strike prior to today, and today 3052 contract(s) were bought and sold. 
• For WU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on November 15, 2024. This event was a transfer of 2417 contract(s) at a $12.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $278.1K, with a price of $115.0 per contract. There were 7339 open contracts at this strike prior to today, and today 2459 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 1784 contract(s) at a $16.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $76.7K, with a price of $43.0 per contract. There were 4156 open contracts at this strike prior to today, and today 2025 contract(s) were bought and sold. 
• For PMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), we notice a put option trade that happens to be bullish, expiring in 164 day(s) on April 17, 2025. This event was a transfer of 2000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $130.0K, with a price of $65.0 per contract. There were 2081 open contracts at this strike prior to today, and today 2003 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 882 contract(s) at a $16.50 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $79.3K, with a price of $90.0 per contract. There were 246 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 44 contract(s) at a $185.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $735.0 per contract. There were 2338 open contracts at this strike prior to today, and today 841 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 200 contract(s) at a $44.50 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $310.0 per contract. There were 107 open contracts at this strike prior to today, and today 805 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 92 contract(s) at a $50.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $57.5K, with a price of $625.0 per contract. There were 624 open contracts at this strike prior to today, and today 612 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 46 day(s) on December 20, 2024. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $875.0 per contract. There were 1337 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FUTU

UPST

10 Financials Stocks Whale Activity In Today's Session

Investors with a lot of money to spend have taken a bullish stance on Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with C, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 16 uncommon options trades for Citigroup.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $73,005, and 14 are calls, for a total amount of $1,128,200.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $75.0 for Citigroup, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Citigroup stands at 12010.27, with a total volume reaching 13,680.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Citigroup, situated within the strike price corridor from $40.0 to $75.0, throughout the last 30 days.
<h3>Citigroup Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730735170_0_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.12</td>
<td>$1.11</td>
<td>$1.12</td>
<td>$65.00</td>
<td>$217.1K</td>
<td>45.0K</td>
<td>358</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$1.58</td>
<td>$1.57</td>
<td>$1.57</td>
<td>$63.00</td>
<td>$216.8K</td>
<td>2.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.0</td>
<td>$1.97</td>
<td>$2.0</td>
<td>$62.50</td>
<td>$199.7K</td>
<td>22.1K</td>
<td>3.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$1.57</td>
<td>$1.55</td>
<td>$1.55</td>
<td>$63.00</td>
<td>$96.1K</td>
<td>2.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.3</td>
<td>$16.2</td>
<td>$16.26</td>
<td>$47.50</td>
<td>$65.0K</td>
<td>21.9K</td>
<td>41</td>
</tr>
</tbody>
</table>

<h3>About Citigroup</h3>
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Following our analysis of the options activities associated with Citigroup, we pivot to a closer look at the company's own performance.
<h3>Where Is Citigroup Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,802,422, the price of C is down by -0.4%, reaching $62.9.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 72 days from now.</li>
</ul>
<h3>What The Experts Say On Citigroup</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $77.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Citigroup, which currently sits at a price target of $91. 
&#x2A; An analyst from Evercore ISI Group persists with their In-Line rating on Citigroup, maintaining a target price of $64. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Citigroup with a target price of $70. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Citigroup, which currently sits at a price target of $82. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Citigroup with a target price of $78. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Citigroup options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

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