Citigroup Shares Rise, Nvidia Chips Reversal, MP Materials Jumps
On this episode of Stock Movers:- Citigroup (C) shares rose to the highest level since 2008 after the bank said it would ramp up stock buybacks following a strong result in regulatory stress tests. The company plans to repurchase at least $4 billion of shares this quarter, Chief Financial Officer Mark Mason said Tuesday on a call with analysts. That’s more than the $3.75 billion the firm bought back in the entire first half of the year, and the plans helped push the stock past $90 for the first time since the financial crisis.- Nvidia (NVDA) shares surged today after the chipmaker along…
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