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NYSE:C

Citigroup (C) Stock Price, News & Analysis

$64.46
-0.22 (-0.34%)
(As of 07/3/2024 ET)
Today's Range
$64.41
$65.22
50-Day Range
$59.17
$64.76
52-Week Range
$38.17
$65.22
Volume
6.57 million shs
Average Volume
11.99 million shs
Market Capitalization
$122.95 billion
P/E Ratio
19.07
Dividend Yield
3.29%
Price Target
$65.16

Citigroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
1.1% Upside
$65.16 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.54mentions of Citigroup in the last 14 days
Based on 40 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.22%
From $5.85 to $7.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Finance Sector

91st out of 853 stocks

National Commercial Banks Industry

19th out of 84 stocks

C stock logo

About Citigroup Stock (NYSE:C)

Citigroup Inc. is one of the world’s largest financial institutions. It is the 13th largest bank globally by assets and 8th by market cap with operations in consumer and institutional banking. In the US, Citigroup is the 3rd largest bank by assets and one of the Big Four deemed systemically important and “too big to fail”.

Citigroup Inc. was founded in 1812 as the City Bank of New York. The bank was run by Samuel Osgood who led the company with success for many years, even throughout the War of 1812. The bank was later renamed the National City Bank of New York in 1865 and by 1895 is the largest bank in the US. In 1913 it was the first contributor to the Federal Reserve Bank of New York and a few years later it began to expand into overseas territories.

The bank became the First National City Bank of New York after another merger in 1955 and then later, the “New York” part was dropped off as part of the 150th-anniversary celebration. By 1974 the company is known as Citicorp which is still the operational branch of the business and a global banking powerhouse. A merger with Travelers insurance group in 1998 resulted in the name Citigroup but the joint venture did not last. By 2002 Travelers was publicly traded once again but Citigroup retained the new name.

Today, the company is headquartered in New York, New York but boasts more than 200 million customer accounts in 160 countries worldwide. As of mid-2022, it operated 2,649 branches in the United States, Mexico, and Asia. The company reports nearly 725 branches in the US and 1499 in Mexico with the rest scattered throughout its territory. Total annual revenue topped $75 billion in 2022.

Citigroup is a diversified financial services holding company that owns Citicorp among other assets. The company’s mission is to serve as a trusted partner providing responsible financial solutions to its clients. Citigroup provides financial products and services to consumers, corporations, governments, and institutions. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

The GCB segment offers traditional banking services including deposit and saving accounts, credit cards, personal loans, home loans, and investment services. This segment operates through local branches and digital means. The ICG segment offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients.

 

C Stock Price History

C Stock News Headlines

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Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What's called the Fed's “stress test” ended last week, and despite some concerns about the state of consumer credit, most banks passed with flying colors.
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These Top 3 Banks Raise Dividends After Passing Fed Stress Test
Three banks are now looking to raise their dividend and buyback programs after passing the Fed's stress test, Wall Street analysts see double-digit upside
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
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Citigroup (NYSE:C) PT Raised to $62.00 at Evercore ISI
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Citigroup (C) Scheduled to Post Quarterly Earnings on Friday
Citigroup (NYSE:C) Hits New 12-Month High Following Analyst Upgrade
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See More Headlines
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Company Calendar

Last Earnings
4/12/2024
Ex-Dividend for 5/24 Dividend
5/03/2024
Dividend Payable
5/24/2024
Today
7/05/2024
Next Earnings (Confirmed)
7/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
N/A
Employees
239,000
Year Founded
1812

Price Target and Rating

Average Stock Price Target
$65.16
High Stock Price Target
$86.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$9.23 billion
Pretax Margin
6.91%

Debt

Sales & Book Value

Annual Sales
$156.82 billion
Cash Flow
$8.77 per share
Book Value
$98.57 per share

Miscellaneous

Outstanding Shares
1,907,440,000
Free Float
1,905,914,000
Market Cap
$122.95 billion
Optionable
Optionable
Beta
1.46

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Key Executives

  • Ms. Jane Nind FraserMs. Jane Nind Fraser (Age 56)
    CEO & Director
    Comp: $6.76M
  • Mr. Mark A.L. Mason (Age 54)
    Chief Financial Officer
    Comp: $6.95M
  • Mr. Anand Selvakesari (Age 56)
    Chief Operating Officer
    Comp: $8.18M
  • Mr. Andrew J. MortonMr. Andrew J. Morton (Age 62)
    Head of Markets
    Comp: $12.98M
  • Mr. Andrew Mason Sieg (Age 56)
    Head of Wealth
    Comp: $5.41M
  • Mr. David R. Bailin
    Chief Investment Officer & Global Head of Investments
  • Mr. Johnbull E. Okpara (Age 52)
    Chief Accounting Officer & Controller
  • Tim Ryan
    Head of Technology & Business Enablement
  • Ms. Jennifer Landis
    Head of Investor Relations
  • Mr. Brent J. McIntosh (Age 50)
    Chief Legal Officer & Corporate Secretary

Should I Buy Citigroup Stock? C Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Citigroup Inc.:

  • Citigroup Inc. has a current dividend yield of 3.53%, providing investors with a steady income stream.
  • Recent analyst ratings on Citigroup Inc. have been positive, with an average rating of "Moderate Buy" and a consensus price target of $65.03, indicating potential for growth.
  • Citigroup Inc. reported earnings per share of $1.58 for the last quarter, beating the consensus estimate by $0.29, showcasing strong financial performance.
  • The company's stock price has been showing stability, with a 50-day moving average of $61.70 and a 200-day moving average of $57.38, indicating a consistent upward trend.
  • Citigroup Inc. has a diversified range of financial products and services, catering to various consumer, corporate, government, and institutional needs, providing stability and growth opportunities.

Cons

Investors should be bearish about investing in Citigroup Inc. for these reasons:

  • Despite positive analyst ratings, there is still a sell rating on Citigroup Inc., indicating some concerns in the market.
  • The company's debt-to-equity ratio of 1.50 may raise concerns about its leverage and financial risk.
  • Citigroup Inc.'s stock performance has shown a 1.0% decrease recently, suggesting potential volatility in the short term.
  • The company's revenue was down 1.6% on a year-over-year basis, indicating a slight decline in business performance.
  • Market capitalization of $114.43 billion and a beta of 1.48 may pose risks related to market fluctuations and overall stability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Citigroup pros and cons to contact@marketbeat.com.

C Stock Analysis - Frequently Asked Questions

Should I buy or sell Citigroup stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" C shares.
View C analyst ratings
or view top-rated stocks.

What is Citigroup's stock price target for 2024?

16 brokerages have issued twelve-month target prices for Citigroup's shares. Their C share price targets range from $50.00 to $86.00. On average, they expect the company's stock price to reach $65.16 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for C
or view top-rated stocks among Wall Street analysts.

How have C shares performed in 2024?

Citigroup's stock was trading at $51.44 at the start of the year. Since then, C stock has increased by 25.3% and is now trading at $64.46.
View the best growth stocks for 2024 here
.

Are investors shorting Citigroup?

Citigroup saw a increase in short interest in June. As of June 15th, there was short interest totaling 31,280,000 shares, an increase of 7.5% from the May 31st total of 29,090,000 shares. Based on an average trading volume of 13,010,000 shares, the short-interest ratio is presently 2.4 days. Currently, 1.7% of the company's stock are sold short.
View Citigroup's Short Interest
.

When is Citigroup's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024.
View our C earnings forecast
.

How can I listen to Citigroup's earnings call?

Citigroup will be holding an earnings conference call on Friday, July 12th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Citigroup's earnings last quarter?

Citigroup Inc. (NYSE:C) issued its quarterly earnings results on Friday, April, 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. The business earned $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a trailing twelve-month return on equity of 6.17% and a net margin of 4.90%. Citigroup's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share.
Read the conference call transcript
.

How often does Citigroup pay dividends? What is the dividend yield for Citigroup?

Citigroup announced a quarterly dividend on Wednesday, April 3rd. Investors of record on Monday, May 6th will be paid a dividend of $0.53 per share on Friday, May 24th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, May 3rd.
Read our dividend analysis for C
.

Is Citigroup a good dividend stock?

Citigroup (NYSE:C) pays an annual dividend of $2.12 per share and currently has a dividend yield of 3.28%. The dividend payout ratio is 62.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 29.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for C.

What guidance has Citigroup issued on next quarter's earnings?

Citigroup issued an update on its FY 2024 earnings guidance on Tuesday, June, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $80.0 billion-$81.0 billion, compared to the consensus revenue estimate of $80.7 billion.

What is Michael Corbat's approval rating as Citigroup's CEO?

5,046 employees have rated Citigroup Chief Executive Officer Michael Corbat on Glassdoor.com. Michael Corbat has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Citigroup own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Citigroup investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Intel (INTC), NVIDIA (NVDA), AT&T (T), Walt Disney (DIS), Wells Fargo & Company (WFC), General Electric (GE) and Micron Technology (MU).

Who are Citigroup's major shareholders?

Citigroup's stock is owned by a number of institutional and retail investors. Top institutional shareholders include M&R Capital Management Inc. (0.00%), Transcend Capital Advisors LLC (0.00%), Moody National Bank Trust Division (0.00%), GAMMA Investing LLC (0.00%), Massmutual Trust Co. FSB ADV (0.00%) and Kathmere Capital Management LLC (0.00%). Insiders that own company stock include Andrew John Morton, Cantu Ernesto Torres, Citigroup Inc, Michael Whitaker, Sara Wechter, Titilope Cole and Zdenek Turek.
View institutional ownership trends
.

How do I buy shares of Citigroup?

Shares of C stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Citigroup have any subsidiaries?
The following companies are subsidiares of Citigroup: CitiFinancial Credit Company, AO Citibank, Acciones y Valores Banamex S.A. de C.V. Casa de Bolsa Integrante del Grupo Financiero Banamex, Afore Banamex S.A. de C.V., Associates Financial Services (Mauritius) LLC, Associates First Capital Corporation, Automated Trading Desk, Banco Citibank S.A., Banco Nacional de Mexico S.A., Bank Handlowy w Warszawie S.A., COHM Overseas Mexico Holding S. de R.L. de C.V., Citi GSCP Inc., Citi Investments Bahamas Ltd., Citi Niagara LLC, Citi Overseas Holdings Bahamas Limited, Citi Overseas Investments Bahamas Inc., Citi Real Estate Funding Inc., Citi Retail Services LLC, CitiMortgage Inc., Citibank (China) Co. Ltd., Citibank (Hong Kong) Limited, Citibank (Switzerland) AG, Citibank Anonim Sirketi, Citibank Berhad, Citibank Canada, Citibank Colombia S.A., Citibank Europe plc, Citibank Holdings Ireland Limited, Citibank Kazakhstan JSC, Citibank Korea Inc., Citibank N.A., Citibank Nigeria Limited, Citibank Overseas Investment Corporation, Citibank Singapore Limited, Citibank Taiwan Ltd., Citibank del Peru S.A., Citibank-Distribuidora de Titulos e Valores Mobiliarios S.A., Citicorp (Mexico) Holdings LLC, Citicorp Banking Corporation, Citicorp Credit Services Inc. (USA), Citicorp Finance (India) Limited, Citicorp Funding Inc., Citicorp Home Mortgage Services Inc., Citicorp International Limited, Citicorp Investment Bank (Singapore) Limited, Citicorp LLC, Citicorp Securities Services Inc., Citicorp Services India Private Limited, Citicorp USA Inc., Citigroup Alternative Investments LLC, Citigroup Asia Pacific Holding LLC, Citigroup BUSA Holdings Inc., Citigroup Capital Partners Mexico S. de R.L. de C.V., Citigroup Chile S.A., Citigroup Finance Canada ULC, Citigroup Financial Products Inc., Citigroup Global Markets Deutschland AG, Citigroup Global Markets Europe Finance Limited, Citigroup Global Markets Finance Corporation & Co. beschrankt haftende KG, Citigroup Global Markets Holdings Bahamas Limited, Citigroup Global Markets Holdings Inc., Citigroup Global Markets Inc., Citigroup Global Markets India Private Limited, Citigroup Global Markets Japan Inc., Citigroup Global Markets Korea Securities Limited, Citigroup Global Markets Limited, Citigroup Global Markets Operations and Technology LLC, Citigroup Global Markets Realty Corp., Citigroup Global Markets Switzerland Holding GmbH, Citigroup Global Markets Taiwan Securities Company Limited, Citigroup Holding (Singapore) Private Limited, Citigroup International Luxembourg Limited, Citigroup Investments Inc., Citigroup Japan Holdings G.K., Citigroup Netherlands B.V., Citigroup Niagara Holdings LLC, Citigroup Participation Luxembourg Limited, Citigroup Pty Limited, Citigroup Technology Inc., European American Bank, Grupo Financiero Banamex S.A. de C.V., Grupo Financiero Citibanamex S.A. de C.V., Holding BUSA II S. de R.L. de C.V., Holding BUSA S. de R.L. de C.V., Impulsora de Fondos Banamex S.A. de C.V. Sociedad Operadora de Sociedades de Inversion, Koram Bank, Latin American Investment Bank Bahamas Limited, Pipestone Investments LLC, Public Joint Stock Company "Citibank", Quilter Cheviot, Seguros Banamex S.A. de C.V. Integrante del Grupo Financiero Banamex, Seven World Holdings LLC, TRV Holdings LLC, TRV Investments LLC, Tarjetas Banamex S.A. de C.V. SOFOM E.R., The BISYS Group, and Yonder Investment Corporation.
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This page (NYSE:C) was last updated on 7/5/2024 by MarketBeat.com Staff

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