$30bn capital hole hits Citi stock price as credit chiefs fired

Analysts at Canadian investment bank CIBC World Markets downgraded their assessment of Citi from “sector performer” to “sector underperformer” on the back of concerns about shortfalls in the bank’s working capital.

"We believe over the near term, Citi will need to raise over $30 billion in capital through either asset sales, a dividend cut, a capital raise, or combination thereof. We believe such a catalyst will pressure the stock significantly lower,” wrote CIBC senior analyst Meredith Whit

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: