Citigroup Fails the Fed’s Stress Test and CBS Outdoor Americas Makes Solid Debut on the NYSE

Citigroup Inc. (NYSE: C) shares fell this week after the Federal Reserve rejected the plans of Citigroup and four other banks to raise dividend payments and increase stock buybacks. The Fed said the company’s management practices or capital cushions are not robust enough to withstand a severe economic downturn. Twenty five other banks including Bank of America and Goldman Sachs took part in the Fed’s annual stress test and passed for their planned dividend payouts and share repurchases.

Citigroup, among others including HSBC North America Holdings and Santandar Holdings USA all were rebuffed because of flaws in their oversight practices or what the Fed calls "qualitative concerns." The banks now have 90 days to address the weaknesses identified by the Fed and resubmit their dividend and share buyback plans. The Fed said its rejection of Citigroup's plans "reflects significantly heightened supervisory expectations for the largest and most complex" bank holding companies.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. The company’s Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. It offers various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems.

Get more information on Citigroup Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/C

CBS Outdoor Americas Inc. (NYSE: CBSO) shares climbed higher on the stock’s first day of trading on the NYSE. The stock gained 5.4 percent on Friday in its debut on the New York Stock Exchange. The outdoor advertising subsidiary of broadcast company CBS Corp. raised $560 million in its initial public offering, and priced 20 million shares at $28 each, the high end of the expected range. The banks managing the IPO may buy another 3 million shares, adding to proceeds. CBSO’s stock closed at $29.50 Friday, giving it a market value of about $3.54 billion. CBS Outdoor said in a regulatory filing that it had approximately 330,000 displays available for advertising in the U.S. and about 26,200 displays across Canada and Latin America as of 2013's end. Its customers include Apple Inc. and McDonald's Corp.

CBS Outdoor Americas Inc. leases advertising space on out-of-home advertising structures and sites in the United States, Canada, and Latin America. Its portfolio primarily consists of billboard displays, which are principally located in densely populated major metropolitan areas, and along high-traffic expressways and commuting routes. The company also provides other value-added services, such as pre-campaign category research, creative design support, and post-campaign tracking and analytics. CBS Outdoor Americas Inc. serves a range of companies in the entertainment, retail, healthcare, telecom, restaurant, financial services, travel and leisure, and automotive industries.

Get more information on CBS Outdoor Americas Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/CBSO          

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