Citigroup Inc. (C)
| Market Cap | 98.45B |
| Revenue (ttm) | 79.03B |
| Net Income (ttm) | 13.58B |
| Shares Out | 1.91B |
| EPS (ttm) | 6.31 |
| PE Ratio | 8.15 |
| Forward PE | 9.19 |
| Dividend | $2.12 (4.12%) |
| Ex-Dividend Date | Nov 3, 2023 |
| Volume | 12,853,531 |
| Open | 51.56 |
| Previous Close | 51.52 |
| Day's Range | 51.22 - 51.61 |
| 52-Week Range | 38.17 - 53.23 |
| Beta | 1.57 |
| Analysts | Buy |
| Price Target | 53.43 (+3.87%) |
| Earnings Date | Jan 12, 2024 |
About C
Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivati... [Read more]
Financial Performance
In 2022, Citigroup's revenue was $75.34 billion, an increase of 4.80% compared to the previous year's $71.88 billion. Earnings were $14.85 billion, a decrease of -32.38%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for C stock is "Buy." The 12-month stock price forecast is $53.43, which is an increase of 3.87% from the latest price.
News
Bank stocks are poised to outperform broader markets in 2024, says RBC's Gerard Cassidy
RBC's Gerard Cassidy joins 'Fast Money' to talk his outlook for bank stocks in 2024.
Rising Only Half The S&P's Gain In 2023, Where Is Citigroup Stock Headed?
Citigroup's stock (NYSE: C) has gained 12% YTD, as compared to the 24% rise in the S&P500 over the same period. Further, the stock is currently trading at $51 per share, which is 8% below its fair val...
Oppenheimer is bullish on the major banks heading into 2024
Stephanie Link, Joe Terranova and Jim Lebenthal join the 'Halftime Report' to debate their favorite bank names.
Citi Appointed as Depositary Bank for ZKH Group Limited ADR Program
NEW YORK--(BUSINESS WIRE)--Citi's Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair and operations (...
Citi CEO Pulls the Plug on Another Wall Street Franchise
Citigroup Inc. Chief Executive Officer Jane Fraser is extending her retrenchment strategy by exiting distressed-debt trading -- a cash-intensive business whose profitability can vary widely from year ...
Citigroup to close distressed-debt desk as bank's overhaul continues: reports
Citigroup Inc. is reportedly closing its distressed-debt business as the latest part of Chief Executive Jane Fraser's overhaul of the major Wall Street bank.
Citigroup to shut global distressed-debt business - CNBC
Dec 20 (Reuters) - U.S. lender Citigroup (C.N) is closing its global distressed-debt business as part of CEO Jane Fraser's overhaul, CNBC reported on Wednesday citing people with direct knowledge of t...
Citigroup Is Said To Exit Distressed-Debt Trading
Citigroup is said to exit distressed-debt trading business in it's latest effort to reshape the firm. Bloomberg's Katherine Doherty has more.
Citigroup to close global distressed-debt business as part of CEO Jane Fraser's overhaul
Citigroup is exiting businesses with poor returns to bolster the bank's odds of hitting Fraser's performance targets.
Citi and JPMorgan upgraded to ‘buy' at Daiwa
The 'Halftime Report' Investment Committee debate the bank trade in one of the biggest analyst calls of the day.
January will be pretty dry for bank stocks, says UBS analyst Erika Najarian
Erika Najarian, UBS Securities analyst, joins 'Squawk on the Street' to discuss the firm's 2024 outlook for banks, the impact of the upcoming presidential election, and more.
Citi Plans to Shut Down Municipal Business
Citigroup decided its municipal business, which has tumbled in the rankings for underwriting state and local debt, is "no longer viable given our commitment to increase the firm's overall returns," ac...
Citi tells employees to work from home until the end of the year
CNBC's Hugh Son reports on the latest news from Citigroup.
Final Trades: Glacier Bancorp, Citigroup and Sherwin-Williams
Here are today's Final Trades from the Investment Committee.
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Citigroup employees worried about CEO Jane Fraser's sweeping overhaul expressed concern over whether their jobs will exist in the new year.
Citigroup to close municipal bonds unit, deeming it 'no longer viable'
Citigroup (C) is shutting down its municipal bonds business, as leadership deemed the unit's economics are ""no longer viable."" Based on a memo from Head of Markets Andy Morton and Interim Head of Ba...
Citigroup shutting down municipal bond trading unit: WSJ
Citigroup Inc.'s stock C, +1.82% was up by 0.7% in premarket trading on Friday after the bank said in an internal memo it's shutting down its municipal underwriting and trading units by March 31 of 20...
Citi's Mexico unit set to split off by late 2024 -local media
Citigroup's Mexican retail unit, known as Banamex, is set to split off from its parent by the second half of 2024, the lender's Mexico head, Manuel Romo, told local media on Thursday.
Citigroup closes municipal underwriting and market-making unit- memo
Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.
Citigroup Is Shutting Down Municipal Business
Citigroup Inc. is shutting its municipal business as it seeks to increase the firm's overall returns. Sally Bakewell reports on Bloomberg Television.
Bond prices rally for JPMorgan, Morgan Stanley, Goldman Sachs and Bank of America as sentiment turns bullish on money-center banks
Corporate bonds from the big money-center banks are rallying in concert with their stock prices amid more bullish sentiment on Wall Street about potential interest-rate cuts in 2024.
Bank stocks rally to pre-crisis levels after Fed meeting
Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just be...
Citi offers early bonuses to some staffers taking a buyout: Report
CNBC's Andrew Ross Sorkin reports on the latest news.
Citigroup offers early bonuses to some workers taking a buyout
Citigroup Inc.'s offer to pay a portion of employees' bonuses early in exchange for a voluntary departure would help avoid deeper layoffs as Chief Executive Officer Jane Fraser extends her sweeping re...
Citi reportedly offers partial early bonuses to encourage exits amid massive overhaul
The news comes at a time when the bank is undertaking a sweeping reorganization that is expected to be complete by the end of the first quarter of next year.