Citi stock rises on Banamex stake sale, TD Cowen maintains Hold rating
PositiveFinancial Markets

Citi's stock has seen a rise following the announcement of its stake sale in Banamex, which is a significant move for the bank. This development is noteworthy as it reflects Citi's strategic decisions to optimize its portfolio and focus on core operations. Additionally, TD Cowen's decision to maintain a Hold rating indicates a cautious but optimistic outlook on Citi's future performance, suggesting that investors should keep an eye on how these changes will impact the bank's overall growth.
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