The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.56 per share, payable on November 22, 2024, to stockholders of record on November 4, 2024. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series P, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held. – 4.000% Fixed Rate Reset Noncumulative Preferred Stock, Series W, payable December 10, 2024, to holders

Today Citi reported third quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast, please visit https://www.veracast.com/webcasts/citigroup/webinars/Citi3Q24.cfm. A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management

Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of Series U Depositary Shares representing interests in its 5.000% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series U (the "Preferred Stock"). The redemption date is September 12, 2024 for the Preferred Stock and related Depositary Shares (the "Redemption Date"). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on August 30, 2024, will receive the previously declared regular semi-annual dividend of $25.00 per Depositary Share payable on the Redemption Date. The redemption announced today is consistent with Citig

The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.56 per share, payable on August 23, 2024 to stockholders of record on August 5, 2024. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 6.300% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series M, payable August 15, 2024, to holders of record on August 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $23.01786333 for each receipt held. – 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T, payable August 15, 2024, to ho

Today Citi reported second quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast please visit https://www.veracast.com/webcasts/citigroup/webinars/Citi2Q24.cfm. A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth manageme

Citigroup Inc. is redeeming, in whole, all $1.25 billion aggregate liquidation preference of Series D Depositary Shares representing interests in its 5.350% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series D (the "Preferred Stock"). The redemption date is May 15, 2024 for the Preferred Stock and related Depositary Shares (the "Redemption Date"). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on May 3, 2024, will receive the previously declared regular quarterly dividend of $22.5865 per Depositary Share payable on the Redemption Date. The redemption announced today is consistent with Citigroup's li

Today Citi reported first quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast please visit: https://www.veracast.com/webcasts/citigroup/webinars/Citi1Q24.cfm. A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth manageme

The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.53 per share, payable on May 24, 2024 to stockholders of record on May 6, 2024. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 5.350% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series D, payable May 15, 2024, to holders of record on May 3, 2024. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $22.5865 for each receipt held. – 6.300% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series M, payable May 15, 2024, to holders of record on Ma

Citigroup Inc. is redeeming, in whole, the remaining 22,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker "C Pr J") (the "Preferred Stock") and the corresponding Series J Depositary Shares representing interests in the Preferred Stock, equivalent to $550 million aggregate liquidation preference. 16,000 shares of the Preferred Stock and the related Depositary Shares, equivalent to $400 million aggregate liquidation preference, were previously redeemed on December 29, 2023. The redemption date for the Preferred Stock and related Depositary Shares is March 29, 2024 (the "Redemption Date"). The cash redemption price, payable on the

Today Citi reported fourth quarter and full-year 2023 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical, and business-related information, as well as business and segment trends is also available. Citigroup will host a conference call today at 12:00 PM (ET) to review these results. To attend the live webcast please visit: https://www.veracast.com/webcasts/citigroup/webinars/Citi4Q23.cfm. A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global lead

Today, Citi (NYSE:C) and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai's TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112572734/en/ The payment service is facilitated by Citi's industry-leading USD Clearing solution and its full-value transfers, which ensures the final beneficiary receives their money at full value with no deductions. The innovation helps enable travelers to add funds to their TourCard

Citigroup Inc. is announcing the redemption, in whole, constituting $1,000,000,000 of its 1.281% Fixed Rate / Floating Rate Notes due 2025 (the "notes") (ISIN: US172967ND99). The redemption date for the notes is November 3, 2024 (the "redemption date"). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date and will be payable on November 4, 2024, the next succeeding business day after the redemption date. The redemption announced today is consistent with Citigroup's liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital struct

Solution Will Help Accelerate Monetization of Receivables from Weeks to Under an Hour Citi has launched Citi Digital Bill (CDB), a new integrated digital bill discounting solution, making centuries old practices future ready. CDB significantly reduces complexity by eliminating the need for physical documents and couriers and the movement of paper across multiple parties in different geographies. For sellers, CDB provides a faster, more transparent way to manage receivables, reducing the time for monetizing receivables from a week to less than an hour. "The launch of Citi Digital Bill is a significant advancement in trade finance, marking a groundbreaking shift away from longstanding paper

The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.56 per share, payable on November 22, 2024, to stockholders of record on November 4, 2024. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series P, payable November 15, 2024, to holders of record on November 5, 2024. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held. – 4.000% Fixed Rate Reset Noncumulative Preferred Stock, Series W, payable December 10, 2024, to holders

Today Citi reported third quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast, please visit https://www.veracast.com/webcasts/citigroup/webinars/Citi3Q24.cfm. A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management

Citi is the first global bank to enable cross-border payments to Mastercard debit cards Today, Citi (NYSE:C) and Mastercard (NYSE:MA) announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Leveraging Citi's WorldLink® Payment Services and Mastercard Move's money transfer capabilities, Citi clients can make near-instant, full-value payments, with near 24/7 availability to consumers using their Mastercard debit card details. Citi is the first global bank to enable cross-border payments to Mastercard debit cards using Mastercard Move, tapping into the speed, security and transparency of the Ma

At first-ever Flywire Fusion event, Flywire's momentum in solving cross-border and domestic payments challenges was on full display More than 100 U.S. institutions are powered by the full-suite or solutions of Flywire's Student Financial Software, which is delivering meaningful ROI Product leaders and industry experts share strategies to improve retention, drive recruitment and optimize student financial for domestic and international students success BOSTON and PHOENIX, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Flywire's ongoing commitment to its large and growing footprint of U.S. education clients was showcased this week in Phoenix, Arizona, where more than 100 leading U.

Mubadala and Athene to Participate as Apollo Strategic Partner and Affiliate, Respectively Citi & Apollo Private Credit, Direct Lending Program Marks Largest Relationship of its Kind Citigroup Inc. (NYSE:C) and Apollo (NYSE:APO) today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo's strategic partner as well as Apollo's subsidiary, Athene, both of which will have the opportunity to join

EV Infrastructure Disruptor to Join Premier Gathering of World Leaders During the UN General Assembly Week in New York City EVPassport, a global EV charging network, today announced that CEO Hooman Shahidi will speak at the 2024 Concordia Annual Summit, a premier gathering of public and private sector visionaries during the UN General Assembly week, happening September 23-25, in New York City. Shahidi, a longtime proponent of using technology to drive good, will be joined on stage by other public and private sector visionaries to discuss advancing environmental sustainability through technological innovation that drives both business and consumer benefits. This press release features multi

Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of Series U Depositary Shares representing interests in its 5.000% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series U (the "Preferred Stock"). The redemption date is September 12, 2024 for the Preferred Stock and related Depositary Shares (the "Redemption Date"). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on August 30, 2024, will receive the previously declared regular semi-annual dividend of $25.00 per Depositary Share payable on the Redemption Date. The redemption announced today is consistent with Citig

Delta Air Lines Inc (NYSE:DAL) is about to face significant financial repercussions this quarter due to a recent system failure that resulted in thousands of flight cancellations and triggered a federal investigation into the airline’s response. Citigroup Inc (NYSE:C) reduced its estimates for Delta's third-quarter adjusted earnings by 60 cents per share to $1.37, citing increased operational expenses and potential customer compensation costs, reported Bloomberg. Analyst Stephen Trent also cut two profit metrics by approximately $500 million each. The financial setback adds to Delta’s woes as flight disruptions start to subside. Delta CEO Ed Bastian stated on Wednesday cancellations

Whales with a lot of money to spend have taken a noticeably bullish stance on Citigroup. Looking at options history for Citigroup (NYSE:C) we detected 15 trades. If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish. From the overall spotted trades, 7 are puts, for a total amount of $1,026,718 and 8, calls, for a total amount of $1,799,454. Predicted Price Range After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $72.5 for Citigroup, spanning the last three months. Volume & Open Interest Development L

Citigroup Inc. (NYSE:C) shares are trading higher today. The bank reportedly agreed with the Bourse de Montreal to settle claims of failing to report large options contract positions. The exchange noted that Citigroup lacked a system to ensure employee compliance with reporting rules, reported Reuters. As part of the settlement, Citi will pay a $138,000 fine and $10,600 in related costs. Last week, the U.S. bank regulator Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) have fined Citigroup $135.6 million for failing to comply with a 2020 enforcement action. The fine includes the $60.6 million fine from the Federal Reserve and additional penalties imp

Ahead of the anticipated launch of spot Ethereum (CRYPTO: ETH) ETFs in the U.S., Citi (NYSE:C) projects up to $5.4 billion in inflows within the first six months. What Happened: The report, released last week, indicates that these inflows would be at 30%-35% of the levels seen by spot Bitcoin ETFs, CoinDesk reported. The bank cautioned that actual inflows and returns could be lower than projected. Analysts led by Alex Saunders noted that Ethereum offers long-term diversification benefits due to its varied use-cases. However, these benefits are not currently reflected in the market. Spot ETFs are set to begin trading in the U.S. next Tuesday after gaining approval from the Securities

In the event of a victory by former U.S. President Donald Trump in the upcoming election, three market sectors could experience a surge, according to a research note from Dubai-based financial advisory deVere. What Happened: The report highlighted that energy, manufacturing, and bank stocks could benefit from a potential Trump win, Barron’s reported on Tuesday. This follows an attempted assassination of the former president on Saturday, which has led to an increased likelihood of his victory, as indicated by the political futures market PredictIt. Nigel Green of deVere suggests that the Republican party’s anti-ESG stance could strengthen the energy sector, while the “America First” pol

Bank of America Corporation (NYSE:BAC), Charles Schwab Corporation (NYSE:SCHW) and Morgan Stanley (NYSE:MS) are expected to report their second-quarter earnings on Tuesday. Analysts expect Bank of America to post earnings per share (EPS) of 80 cents alongside $22.52 billion in revenue for the quarter, according to data from Benzinga Pro. A year ago, the bank reported 88 cents EPS and $25.3 billion in revenue. Schwab is expected to register 72 cents EPS and report $4.68 billion in revenue for the three-month period. The bank posted 75 cents EPS and $4.656 billion in revenue during the same period in 2023. Morgan Stanley analysts forecast $1.65 EPS and $14.299 billion in revenue f

Citigroup Inc (NYSE:C) shares recovered slightly in early trading on Monday after tanking on Friday, following the second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Oppenheimer On Citigroup Analyst Chris Kotowski maintained an Outperform rating while raising the price target from $85 to $86. Citi reported earnings of $1.52 per share, surpassing consensus of $1.39 per share, which included a one-time gain of around $400 million related to Visa Inc (NYSE:V), bringing the underlying results very close to expectations, Kotowski said in a note. This was the fourth straight quarter of year-on-year growth

BMO Capital analyst James Fotheringham maintains Citigroup (NYSE:C) with a Market Perform and raises the price target from $65 to $67.