Home / Business and Economy / Citi Stock Hits Highest Close Since 2008
Citi Stock Hits Highest Close Since 2008
5 Jun
Summary
- Stock reached its highest close since November 4, 2008.
- Margo Pilic appointed as new head of strategy.
- Rafael Soeda to become chief of staff in August.
Citigroup's stock reached a significant milestone on Thursday, closing up 4% at $135.15. This marks its highest closing price since November 4, 2008, when it closed at $146.80. The recent stock performance highlights a positive trend for the financial institution.
Internally, Citigroup announced key leadership changes via a memo to employees. Margo Pilic has been appointed as the new head of strategy, mergers and acquisitions, and investor relations. Rafael Soeda is set to become the new chief of staff for CEO Jane Fraser, a transition expected in August.
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