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Citi Stock Surges; Analysts Predict Further Gains

  Citigroup stock has rallied over 30% this year, outperforming its U.S. banking peers. Analysts at Wells Fargo are bullish, citing improved earnings (EPS of $1.96 in Q2), ongoing restructuring under CEO Jane Fraser, and strong capital deployment through share buybacks. They forecast a 50% upside over the next 12 months, potentially reaching $12 EPS by 2027.
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SMBC Acquires 20% Stake in Yes Bank

 JSA, AZB act on Sumitomo Mitsui Banking Corp acquiring 20% stake in YES Bank for ~₹13,400 crore

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in Yes Bank, valued at around ₹1.35 lakh crore. This strategic deal, involving multiple Indian banks divesting their holdings, reflects growing foreign interest in India’s banking space. It marks one of the biggest global-bank participations in an Indian lender in recent years.

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