Citigroup Inc. (C)
| Market Cap | 120.21B |
| Revenue (ttm) | 69.31B |
| Net Income (ttm) | 6.70B |
| Shares Out | 1.89B |
| EPS (ttm) | 3.48 |
| PE Ratio | 18.24 |
| Forward PE | 9.43 |
| Dividend | $2.24 (3.52%) |
| Ex-Dividend Date | Aug 5, 2024 |
| Volume | 11,803,832 |
| Open | 61.59 |
| Previous Close | 61.83 |
| Day's Range | 61.30 - 63.69 |
| 52-Week Range | 38.17 - 67.81 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 71.73 (+12.85%) |
| Earnings Date | Oct 15, 2024 |
About C
Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support... [Read more]
Financial Performance
In 2023, Citigroup's revenue was $70.70 billion, an increase of 0.20% compared to the previous year's $70.56 billion. Earnings were $7.85 billion, a decrease of -42.70%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for C stock is "Buy." The 12-month stock price forecast is $71.73, which is an increase of 12.85% from the latest price.
News
Citigroup promotes three bankers in healthcare M&A push
Citigroup has promoted three senior healthcare investment bankers - Sumit Khedekar, Nishant Jadav and Michael Guarino - in the bank's push to win more deals in the industry, an internal memo seen by R...
Citi has a new theory about the economy — and says investors should pick stocks that can stand on their own
Strategists at Citi like companies where there are positive trends on return on equity that are driven by operations instead of buybacks.
This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled higher on Friday, with the Dow Jones index and S&P 500 jumping to fresh record highs during the session. All three major indices recorded gains for the sixth straight week, with th...
Citigroup: Inherently Undervalued With Promising Restructuring Results - Reiterate Buy
C's ongoing restructuring efforts have been bearing great results, temporarily marred by the higher cost of interest-bearing deposits and USPB's higher net credit losses on loans. Even so, with the Fe...
Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, inves...
Citigroup: I Am Buying Every Dip
Citigroup's stock fell 5% despite strong earnings due to profit-taking and unwarranted regulatory concerns, which, I believe, are way overblown. Citi is trading at ~0.7x TBV with potential upside to $...
Citi hires Davis from Wells Fargo as head of growth equity for North America
Citigroup has hired equity capital markets banker Cully Davis from Wells Fargo as the head of its growth equity unit in North America, according to a memo seen by Reuters.
Citigroup: Great Quarter Ignored
Citigroup's stock slumped 5% despite a strong Q3'24 due to regulatory concerns, trading at only 0.7x tangible book value. The bank reported $3 billion in net income and a $1.51 EPS, with substantial c...
Citigroup CEO Sees ‘Surprisingly Resilient' Global Consumer Spending
Citigroup's earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were up.
Citi's regulatory nightmare still haunts CEO Jane Fraser
Sen. Elizabeth Warren called for growth restrictions on Citi due to long-standing data issues. Citi CEO Jane Fraser denied the prospect of an asset cap after being pressed by two analysts.
Citigroup Inc. (C) Q3 2024 Earnings Call Transcript
Citigroup Inc. (NYSE:C) Q3 2024 Earnings Conference Call October 15, 2024 11:00 AM ET Company Participants Conference Call Participants Operator Hello, and welcome to Citi's Third Quarter 2024 Earnin...
Big banks have reported Q3 earnings: what's next for their stock prices?
Shares of major US banks have shown resilience after reporting their third-quarter financial results, and this momentum may continue through the end of the year and into 2025, according to Anton Schut...
Citigroup Set To Exceed 52-Week Highs After Earnings
Citigroup beat revenue and earnings expectations, driving shares higher. Despite rising borrowing costs, increased deposits and improved loan performance are set to boost Citigroup's net interest inco...
Citigroup Profit Hit by Credit Losses, Allowances for Bad Loans
Citigroup (C) shares lost ground Tuesday after the bank's third-quarter profit fell as its credit losses and reserves to cover bad loans increased.
What BofA, Citi, and Goldman earnings signal for banks
Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS) reported earnings before Tuesday's opening bell. Results from big banks show a rise in profit from a year ago, supported by investment bank...
Citigroup earnings top estimates, boosted by investment banking.
CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
Citigroup profit drops on bigger stockpiles for potential loan losses
Citigroup's profit fell 9% in the third quarter as it set aside more money to cover the risk of loan defaults, particularly on credit cards.
Citigroup earnings top estimates, boosted by investment banking
Citigroup reported third-quarter results Tuesday that beat Wall Street expectations, with growth in investment banking and wealth management. However, the bank set aside more money to offset potential...
Citigroup Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--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 a...
Goldman Sachs, Citigroup, and Bank of America: The Key to New Market Highs?
In recent days, U.S. markets have shown notable strength, driven by a mix of solid earnings reports and positive economic data.
Exclusive: A key to Citi's regulatory woes: staff need skills 'enhancement'
Citigroup has struggled to adequately train employees in risk, compliance and data roles, according to the bank's own assessment, shedding light on why it is taking it years to fix regulatory issues e...
Citi ANZ CEO: Australia's Real Estate Tops Investor Interest
Mark Woodruff, Australia and New Zealand CEO at Citi, discusses how real estate is emerging as Australia's most in-demand sector as investors seek out the biggest beneficiaries of what they expect to ...
What to expect from bank earnings: BofA, Citi, Goldman
HSBC head of US financials research Saul Martinez sits down with Julie Hyman and Josh Lipton on Market Domination to discuss what investors can expect from Big Bank earnings, with Citi (C), Bank of Am...
Big Bank Earnings on Deck: Here's What to Watch
Betsy Graseck, Morgan Stanley's global head of banks and diversified finance research, previews the earnings reports from Goldman Sachs, Bank of America and Citigroup. She speaks on "Bloomberg The Clo...