Citigroup Inc. (C)
|Net Income (ttm)||13.51B|
|Ex-Dividend Date||Aug 4, 2023|
|Day's Range||40.58 - 41.09|
|52-Week Range||40.01 - 53.23|
|Price Target||53.10 (+29.45%)|
|Earnings Date||Oct 13, 2023|
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]
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 Statements
According to 15 analysts, the average rating for C stock is "Buy." The 12-month stock price forecast is $53.1, which is an increase of 29.45% from the latest price.
Citigroup (NYSE: C) stock price has underperformed its peers in the past decade. It has risen by more than 80% since 2009 while the SPDR S&P Bank ETF (KBE) and SPDR S&P Regional Banking ETF (KRE) have...
NEW YORK--(BUSINESS WIRE)--Today, the Citi Foundation announced the grant recipients of its first-ever Global Innovation Challenge, a new model to identify and provide philanthropic support to communi...
Citigroup has warned UK-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping reorganisation, according to a memo seen by Reuters on Friday, a move that could af...
Inflation and Market Volatility Remain the Biggest Concerns for Business Leaders of Mid-sized Corporates Globally, Finds Citi Commercial Bank Survey
NEW YORK--(BUSINESS WIRE)--Inflation and ongoing market volatility remain the primary concerns of business leaders of mid-sized corporates and organizations surveyed by Citi Commercial Bank (CCB) in i...
Citi Treasury and Trade Solutions has unveiled a digital asset solution designed to enhance cash management and trade finance capabilities.
(Kitco News) - Citigroup has announced the creation and pilot testing of the blockchain-based Citi Token Services for cash management and trade finance.
INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Citigroup Inc.'s Directors and Officers for Breach of Fiduciary Duties – C
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of...
Citigroup Restructuring to Eliminate Regional Roles, CCO Livingstone Says
Citigroup Chief Client Officer David Livingstone says, “we now have a structure that speaks to our strategy,” as he explains the firm's management changes that will eliminate three regional chief role...
TORONTO--(BUSINESS WIRE)--SIBOS- Citi Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain a...
Citi GPS: Cross-Border Payments to Transform Financial Industry, Ushering Best-in-Class Experiences for Clients
LONDON--(BUSINESS WIRE)--Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report titled: ‘FUTURE OF CROSS-BORDER PAYMENTS -- Who Will Be Moving $250 Trillion in the Next Five Ye...
The Banking group, overall, was up 3.9%. And within that sector, several marquee names announced management changes or initiatives designed to revamp operations.
Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate.
Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank are expected to be the mos...
Kristine Braden, CEO of Citigroup's main operations in continental Europe, is leaving the firm after 25 years as part of a wider organisational change announced by the U.S. bank earlier this week, acc...
'FREAKED OUT': Climate protesters take on BlackRock, Citigroup
Author of 'Irrational Fear' on Substack Matthew Wielicki argues the fears of climate protesters stem from world leaders claiming the 'oceans are boiling' on 'The Bottom Line.'
HONG KONG & SINGAPORE & LONDON & NEW YORK--(BUSINESS WIRE)--Citi Securities Services today announced that it has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the wor...
As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation.
Citi Treasury and Trade Solutions has unveiled a suite of payment solutions tailored for financial institutions (FIs), aiming to help them enhance their client experience.
Democrats are increasingly split over the issue of tougher bank regulations, as some of the party's lawmakers join their Republican colleagues and bank executives in questioning whether the Federal Re...
NEW YORK--(BUSINESS WIRE)--Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for th...
Citigroup CEO announces reorganization, jobs cuts likely
Citigroup (C) shares rose after CEO Jane Fraser announced a new reorganization plan. The company, which currently operates with two divisions, will undergo a transformation into five separate division...
Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept.
Citigroup is making "significant changes" to streamline its organizational model. The flatter structure will eliminate management layers and speed up decision-making.
Citigroup CEO reorganizes businesses, cuts jobs amid stock slump
CNBC's Hugh Son and Leslie Picker report on Citigroup's CEO reorganization of the business.