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REAL-TIME GLOBAL RESEARCH

AXA SA (AXAF.PA): Model Update

Published: 2026-06-24Institution: CitiCompany / ticker: AXAF.PAPages: 11Original language: WithEvidence page: 7

Research evidence excerpt

AXA SA (AXAF.PA): Model Update

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overall client relationship with the Firm and legal and regulatory constraints.

Pursuant to Comissão de Valores Mobiliários Resolução 20 and ASIC Regulatory Guide 264, Citi is required to disclose

whether a Citi related company or business has a commercial relationship with the subject company. Considering that Citi

operates multiple businesses in more than 100 countries around the world, it is likely that Citi has a commercial relationship

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Securities recommended, offered, or sold by the Firm: (i) are not insured by the Federal Deposit Insurance Corporation; (ii) are

not deposits or other obligations of any insured depository institution (including Citibank); and (iii) are subject to investment

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