AT&T and Citi Launch Enhanced AT&T Points Plus Card with New Rewards and Savings AT&T and Citi have announced the expansion of the AT&T Points Plus® Card, introducing a range of new benefits designed to help customers save money and maximize rewards. The updated card now offers monthly discounts on AT&T wireless and internet bills, increased earning opportunities for ThankYou® Points, and the elimination of foreign transaction fees. These enhancements aim to provide customers with greater value while simplifying their financial management. The collaboration between AT&T and Citi focuses on delivering tangible savings to users. Key features of the updated card include a $10 monthly discount on AT&T wireless bills and a $10 discount on eligible internet bills for customers enrolled in AutoPay and paperless billing. Additionally, cardholders earn 2x ThankYou Points on AT&T products and services, including bill payments, while enjoying no foreign transaction fees when traveling internationally. These benefits are part of a broader effort to align with customer feedback emphasizing simplicity, value, and cost savings. Erin Scarborough, Senior Vice President of Revenue Management & Commercialization at AT&T, highlighted the partnership’s goals, stating, “Customers have told us they want simplicity, value and savings. With this in mind, we partnered with Citi to enhance the AT&T Points Plus Card, helping customers lower their monthly bills, earn rewards and get more out of their everyday purchases.” John LaCosta, Head of Partnership Cards and Development for U.S. Consumer Cards at Citi, added, “Citi and AT&T have a long history of delivering meaningful value to our customers. With the enhanced AT&T Points Plus Card, we’re making it even easier for customers to stay connected, save money and get rewarded in their daily lives.#att #citi #erin_scott #john_lacosta #att_points_plus_card
Tiger Global-backed Groww's quarterly profit more than doubles on trading surge Discount brokerage Groww reported a significant surge in quarterly profits, with its consolidated net profit more than doubling to Rs 6.86 billion ($73.73 million) for the quarter ended March 31. This marks a substantial increase from Rs 3.1 billion recorded a year earlier, driven by heightened trading activity in derivatives and commodities amid market volatility sparked by the Middle East conflict. The company, backed by Tiger Global, attributed the growth to increased demand for trading services amid geopolitical tensions, though it issued a cautionary note about potential risks from prolonged market weakness. The firm warned that if the market remains in a weak state due to persistent selling by foreign investors, it could negatively impact investor sentiment, slow the addition of new users, and reduce asset inflows. Despite these concerns, Groww’s transacting user base expanded to 16.7 million during the quarter, representing a 20% year-over-year increase and a 4.7% sequential rise. However, total customer assets declined by 1.1% compared to the previous quarter, indicating a potential shift in user behavior or market conditions. Analysts had previously raised concerns about tightening central bank lending norms and collateral requirements, which could strain brokerage funding and prompt operators to seek additional capital. Higher transaction taxes were also seen as a factor that might curb derivatives trading. Yet, the numbers for the equity derivatives segment showed resilience, with average orders per user rising 43.1% from the previous year. This segment accounted for 55% of Groww’s total income, highlighting its critical role in the company’s financial performance.#middle_east_conflict #angel_one #groww #citi #tiger_global
Groww Q4 Review: Brokerages See More Upside Potential — Check Revised Target Prices Groww, the stock broking platform under parent company Billionbrains Garage Ventures Ltd, reported strong fourth-quarter results that have prompted brokerages to revise their target prices and outlook. The company’s revenue surged 22% quarter-on-quarter to Rs 1,536 crore, up from Rs 1,261 crore in the previous quarter. Net profit also grew significantly, rising 26% to Rs 686 crore compared to Rs 547 crore in the same period last year. These figures exceeded market expectations, leading analysts to adjust their forecasts and express renewed confidence in the platform’s growth trajectory. Following the results, most brokerages have shifted their stance toward a more positive outlook. UBS, for instance, maintained a Neutral rating but raised its target price to Rs 210 from Rs 185. The brokerage attributed this optimism to strong growth driven by operating leverage and increased market share. UBS also highlighted the company’s robust product metrics and noted that its expanding wealth management platform provides strategic flexibility, even as margins remain balanced due to continued investments offset by cost discipline. Jefferies and Citi took a more bullish approach, both reiterating their Buy ratings while increasing their target prices. Jefferies raised its target to Rs 225 from Rs 210, citing a 6% beat in profit after tax (PAT) driven by higher revenues from commodity trading and margin trading facilities (MTFs). The brokerage emphasized that new initiatives are already contributing to performance improvements and pointed to further upside potential. Citi, meanwhile, lifted its target to Rs 230 from Rs 225, praising the company’s steady execution of its wealth and product diversification strategy.#ubs #jefferies #groww #billionbrains_garage_ventures_ltd #citi
