Morgan Stanley Bullish on Citigroup (C)

Citigroup Inc. (NYSE:C) is one of the best dividend stocks in the financial sector. On November 24, Morgan Stanley analyst Betsy Graseck assigned a Buy rating on Citi, while setting a price target of $134.

In a separate business update dated October 27, Citi and Coinbase disclosed their collaboration plan, which improves digital asset payments for the bank’s institutional customers, which will cement both firms solidly in the payment services market. The early stage of this partnership directs attention to pay-ins and pay-outs, reinforcing Coinbase’s fiat and virtual asset platforms, as well as streamlining payments. This joint effort between the two companies works to make these transitions more seamless and accessible around the clock for Citi’s clients.

Brian Foster, Global Head of Crypto as a Service at Coinbase, commented regarding this partnership:

"Citi’s global network and expertise in payments make them an ideal partner as we work to advance digital asset capabilities. By combining their reach with Coinbase’s leadership in digital assets, we’re creating solutions that can simplify and expand access to digital asset payments. This collaboration reflects our commitment to building the infrastructure needed for the next generation of financial services."

Citigroup Inc. (NYSE:C) is an American financial services company that offers a huge portfolio of products to individuals, businesses, governments, and institutions. Its operations are spread across five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth.

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