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Connable Office Inc. Has $1.98 Million Stock Holdings in Citigroup Inc. $C
Connable Office Inc. reduced its stake in Citigroup Inc. by 37.9% in the third quarter, now holding 19,506 shares valued at approximately $1.98 million. Citigroup recently surpassed EPS estimates but missed revenue, reaching a 52-week high after analyst upgrades and declaring a $0.60 quarterly dividend. However, the company faces potential risks from a credit-card rate cap and a new preferred stock issuance.