Citigroup stock rises as BlackRock taps Citi for iShares ETF services on Aladdin
Citigroup shares climbed 2% to $116.54 Thursday afternoon, extending gains after BlackRock named Citi to provide middle office ETF services for $4 trillion in assets. The move followed Citi’s agreement to sell a 24% stake in Mexico’s Banamex for $2.5 billion. Broader markets fell as tech stocks slid, while traders awaited U.S. inflation data.