BUZZ-Citigroup ticks lower after report firm weighing buying US regional bank

Citigroup Inc. -0.04%

Citigroup Inc.

C

115.25

-0.04%

** Wall Street giant Citigroup's C.N shares fall 4.2% to $107.66

** Citi executives have held preliminary discussions in recent months about trying to acquire a major US regional lender to dramatically ramp up deposits, Bloomberg News reports, citing people familiar with the matter

** The report added that executives broached the possibility of a takeover during a meeting with US regulators this year

** Some of the people noted that executives have also discussed pursuing a brokerage, the report added

** Citi did not immediately reply to Reuters request for comment

** 21 of 25 brokerages rate the stock "buy" or higher and four "hold"; median PT $132.50 - data compiled by LSEG

** As of last close, Citi stock down 3.7% YTD


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