Citigroup Inc. provides investors with two preferred stock options: C.PR.R with a fixed 6.25% yield and C.PR.N featuring a 7.875% fixed/floating rate. Both have strong coverage ratios above 10x, indicating solid dividend safety. However, C.PR.N's trust structure allows interest payments that can be deferred for up to 20 quarters, adding risk despite a Buy rating. C.PR.R is rated Hold due to its average yield. Investors should consider interest rate risks, coupon structures, and call features when including these preferred stocks in their portfolios.
The U.S. Department of Justice is investigating transactions tied to a business network connected to Iran's Supreme Leader Mojtaba Khamenei, involving major U.S. banks like JPMorgan Chase and Citigroup. The probe focuses on potential money laundering...
The Citi Diamond Preferred Card stands out in 2026 for its 21-month 0% introductory APR on balance transfers and a low 3% transfer fee for the first four months, making it a top choice for those looking to pay off high-interest debt. It also offers 1...
US Financial 15 Split Corp announced a monthly preferred share dividend of $0.07317, equating to a 10% annual yield based on the previous month's net asset value. The dividend will be paid on July 10, 2026, to shareholders recorded as of June 30, 202...
Major US banks JPMorgan, Citibank, and Bank of America show signs of being overbought as the market heads into the Juneteenth holiday on Friday. JPMorgan faces resistance near $335 and may see short-term selling, while Citibank is favored for steady ...
Financial 15 Split Corp. completed an overnight offering of preferred shares, raising approximately $107.8 million. The funds will be invested in a portfolio of high-quality North American financial services companies, including major banks and insur...
