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M&T Bank Corp Sells 85,785 Shares of Citigroup Inc. $C
M&T Bank Corp significantly reduced its stake in Citigroup Inc. by 77.7% in Q4, selling 85,785 shares. Despite this, Citigroup exceeded Q1 earnings expectations, reporting EPS of $3.06 and revenue of $24.63 billion, and announced a quarterly dividend of $0.60. Analysts maintain a “Moderate Buy” consensus for Citigroup, with an average target price near $135.94.