Citigroup under Investigation over Mexico Operations and Hewlett-Packard Gets Price Target Upgrade
Citigroup Inc. (NYSE: C) shares dropped after it was revealed that the U.S. is opening a criminal investigation into alleged fraud in the company’s Mexico operations. The investigation is over a $400 million deal linked to its Mexican unit, Banamex, where some falsified documents may have helped an oil services company get a loan it cannot repay. The FBI will oversee the investigation but Citi also faces a civil probe by the SEC. 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
Get more information on Citigroup Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/C
Hewlett-Packard Company (NYSE: HPQ) share price has been raised by Amit Daryanani, an analyst for RBC Capital Markets. Daryanani raised his price target on the computer products and services company from 33 to 36, saying he expects improving operating margin and sees the company making inroads in emerging growth areas of technology. He maintained a sector perform, or hold, rating on the company. Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.
Get more information on Hewlett-Packard Company free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/HPQ
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