(Reuters) -Citigroup's stock could double in value over the next three years as profits surge, expenses moderate, and the most significant reorganization in five decades improves management accountability, Wells Fargo analysts wrote in a note on Friday. The third-largest U.S. lender is the brokerage's dominant pick among large-cap banks under almost any scenario, barring a recession. The analysts raised their...

(Reuters) -Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their orderly release from conservatorship. The U.S. Treasury Department and the Federal Housing Finance Agency (FHFA) said on Thursday they had amended their agreements with the companies to help ensure...

* US Steel, Nippon Steel ( NISTF ) blast Biden's block of deal * Concerns about U.S.-Japanese relations * Union says job risk unfounded (Rewrites throughout, adds background, details on Trump position, relationship with Japan, outlook for US Steel, changes headline) Jan 4 (Reuters) - U.S. President Joe Biden blocked Nippon Steel's ( NISTF ) proposed $14.9 billion purchase of...

WASHINGTON, Jan 3 (Reuters) - The U.S. Department of Justice asked the Supreme Court late on Friday to reject President-elect Donald Trump's request to delay implementation of a law that would ban popular social media app TikTok or force its sale by Jan. 19. Last week, Trump filed a legal brief arguing he should have time after taking office on...