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. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: citigroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2024 | $58.00 → $60.00 | In-line | Evercore ISI |
| 3/25/2024 | $70.00 → $80.00 | Overweight | Wells Fargo |
| 3/14/2024 | $68.00 | Neutral → Buy | Goldman |
| 2/14/2024 | $56.00 → $63.00 | Neutral → Overweight | Piper Sandler |
| 1/30/2024 | $46.00 → $65.00 | Underweight → Overweight | Morgan Stanley |
| 1/10/2024 | $57.00 | Outperform → Market Perform | BMO Capital Markets |
| 1/9/2024 | $42.00 → $61.00 | Hold → Buy | HSBC Securities |
| 1/8/2024 | Hold → Sell | Societe Generale | |
| 1/3/2024 | $58.00 | Peer Perform → Outperform | Wolfe Research |
| 12/18/2023 | $63.00 | Neutral → Buy | Daiwa Securities |
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
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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
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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.
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
Former Citigroup executive brings nearly 30 years of alternative asset experience to the private market platform. Yieldstreet, the leading private market investing platform, today announced the appointment of Ted Yarbrough as its Chief Investment Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230510005310/en/Photo of Ted Yarbrough, Yieldstreet Chief Investment Officer (Photo: Business Wire) Yarbrough brings to Yieldstreet nearly three decades of experience at Citigroup ((C) and its predecessor companies, holding a variety of leadership roles across the firm's banking, markets, and lending businesses. During his tenure
NEW YORK , June 2, 2022 /PRNewswire/ -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced the appointment of Citigroup's (NYSE:C) Titi Cole to its Board of Directors. Cole is Citigroup's CEO of Legacy Franchises, overseeing the bank's consumer business in Asia, Europe, Middle East, Africa and Mexico. She is a member of Citigroup's Executive Management Team and also serves as a Member of the Board of Grupo Financiero Citibanamex, S.A. de C.V. and Banco Nacional de México, S.A. "Driving digital transformation has been a key
Nathan Sheets Rejoins Citi after Roles in Public and Private Sectors Today Citi announced that Nathan Sheets, PhD will be returning to the firm as its new Global Chief Economist, based in New York, overseeing the global Economics team and leading research across all areas of economics. Sheets re-joins Citi from PGIM Fixed Income, where he was Chief Economist and Head of Global Macroeconomics Research for the past four years. Prior to PGIM Fixed Income, Sheets served as Undersecretary of the US Treasury for International Affairs under President Barack Obama. He was last with Citi from 2011 to 2014 as Global Head of International Economics. "It's great to be back at Citi and I look forward
HONG KONG, July 30, 2021 /PRNewswire/ -- Babel Finance, a leading global cryptocurrency financial services provider, today announced the appointment of Edmond Lau as Chief Financial Officer (CFO). The announcement comes amid the company's rapid global expansion, following the completion of its US$40 million Series A funding round in May this year. A long-term fintech advocate and established thought leader, Lau brings to the table extensive and diverse experience in the finance industry. His expertise ranges across venture capital investment, start-ups, strategy, and corporate management, with prior senior roles at public and private organizations, and in academia. Following his MBA at Londo
LONDON and NEW YORK, April 19, 2021 /PRNewswire/ -- DirectBooks™, the capital markets consortium founded to optimize global financing markets, today announced the launch of Euro and Sterling Investment Grade deal announcements on the DirectBooks platform. The DirectBooks platform launched in Q4 2020 with deal announcement functionality for U.S. Dollar Investment Grade issuances globally, with a common set of structured deal data and document access for institutional investors. As part of its European expansion, DirectBooks also announced the appointment of Duncan Phillips as
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Evercore ISI reiterated coverage of Citigroup with a rating of In-line and set a new price target of $60.00 from $58.00 previously
Wells Fargo reiterated coverage of Citigroup with a rating of Overweight and set a new price target of $80.00 from $70.00 previously
Goldman upgraded Citigroup from Neutral to Buy and set a new price target of $68.00
Piper Sandler upgraded Citigroup from Neutral to Overweight and set a new price target of $63.00 from $56.00 previously
Morgan Stanley upgraded Citigroup from Underweight to Overweight and set a new price target of $65.00 from $46.00 previously
BMO Capital Markets downgraded Citigroup from Outperform to Market Perform and set a new price target of $57.00
HSBC Securities upgraded Citigroup from Hold to Buy and set a new price target of $61.00 from $42.00 previously
Societe Generale downgraded Citigroup from Hold to Sell
Wolfe Research upgraded Citigroup from Peer Perform to Outperform and set a new price target of $58.00
Daiwa Securities upgraded Citigroup from Neutral to Buy and set a new price target of $63.00