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Wednesday, January 4, 2012

Citi (NYSE:C) Opens Securities Lending Office in Los Angeles (potential upside 57.1%)

Uploaded by on Jan 4, 2012
Citi (NYSE:C) announced the opening of a securities lending office in Los Angeles as part of its commitment to expand its OpenLend capabilities in key cities and regions around the globe.

Tim Douglas, Global Head of Securities Finance, Global Transaction Services, Citi said, "Client satisfaction is at the core of our OpenLend offering. Our new Los Angeles office will provide the on-the ground presence we need to deliver premier service and respond faster to our expanding client base."

Citigroup (NYSE:C) has potential upside of 57.1% based on a current price of $27.73 and an average consensus analyst price target of $43.57.

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