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DOW   36,124.56
QQQ   387.29
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Citigroup Stock Price, News & Analysis (NYSE:C)

$46.70
-0.67 (-1.41%)
(As of 12/5/2023 ET)
Compare
Today's Range
$46.41
$47.38
50-Day Range
$38.25
$47.35
52-Week Range
$38.17
$53.23
Volume
13.94 million shs
Average Volume
17.45 million shs
Market Capitalization
$89.38 billion
P/E Ratio
7.40
Dividend Yield
4.54%
Price Target
$51.66

Citigroup MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
10.6% Upside
$51.66 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
0.43mentions of Citigroup in the last 14 days
Based on 56 Articles This Week
Insider Trading
Selling Shares
$1.14 M Sold Last Quarter
Proj. Earnings Growth
-0.34%
From $5.86 to $5.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Finance Sector

255th out of 772 stocks

National Commercial Banks Industry

26th out of 73 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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Citigroup discriminated against Armenian-Americans, federal regulator says; bank fined $25.9 million
Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday
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Company Calendar

Last Earnings
10/13/2023
Ex-Dividend for 11/22 Dividend
11/03/2023
Dividend Payable
11/22/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
1/12/2024

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
240,000
Year Founded
1812

Price Target and Rating

Average Stock Price Target
$51.66
High Stock Price Target
$85.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+10.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$14.85 billion
Pretax Margin
12.35%

Debt

Sales & Book Value

Annual Sales
$78.29 billion
Cash Flow
$9.96 per share
Book Value
$94.40 per share

Miscellaneous

Outstanding Shares
1,913,882,000
Free Float
1,912,160,000
Market Cap
$89.38 billion
Optionable
Optionable
Beta
1.58

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Key Executives

Should I Buy Citigroup Stock? C Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Citigroup was last updated on Tuesday, November 28, 2023 at 10:53 PM.

Pros

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

  • Citigroup Inc. is a diversified financial services holding company that provides various financial products and services to consumers, corporations, governments, and institutions. This diversification can provide investors with exposure to multiple sectors of the economy.
  • Citigroup Inc. has a long history, being founded in 1812. This demonstrates its stability and ability to withstand economic downturns.
  • Citigroup Inc. offers a wide range of banking and branded card products to retail and small business customers. This diverse product offering can attract a large customer base and generate consistent revenue.
  • Recent developments and updates in Citigroup Inc.'s financial products and services ensure that investors have access to the latest offerings in the market.
  • Investors can benefit from monitoring Citigroup Inc.'s current stock price, as it provides valuable information for making investment decisions.

Cons

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

  • While Citigroup Inc. offers a diverse range of financial products and services, it also faces competition from other financial institutions. This competition can impact its market share and profitability.
  • As with any investment in the financial sector, there are inherent risks involved. Investors should carefully consider their risk tolerance and investment goals before investing in Citigroup Inc.
  • Market conditions and economic factors can significantly impact Citigroup Inc.'s performance. Investors should stay informed about the latest market trends and economic indicators to make informed investment decisions.
  • Regulatory changes and compliance requirements in the financial industry can affect Citigroup Inc.'s operations and profitability. Investors should monitor any regulatory developments that may impact the company.
  • Investors should be aware of any potential legal or reputational risks associated with Citigroup Inc. These risks can impact the company's financial performance and investor sentiment.














C Stock Analysis - Frequently Asked Questions

Should I buy or sell Citigroup stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" C shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in C, but not buy additional shares or sell existing shares.
View C analyst ratings
or view top-rated stocks.

What is Citigroup's stock price target for 2024?

14 Wall Street research analysts have issued 12-month price targets for Citigroup's stock. Their C share price targets range from $43.00 to $85.00. On average, they predict the company's share price to reach $51.66 in the next twelve months. This suggests a possible upside of 10.6% 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 2023?

Citigroup's stock was trading at $45.23 at the beginning of the year. Since then, C stock has increased by 3.3% and is now trading at $46.70.
View the best growth stocks for 2023 here
.

Are investors shorting Citigroup?

Citigroup saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 33,070,000 shares, an increase of 32.1% from the October 31st total of 25,040,000 shares. Based on an average daily volume of 17,370,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.7% of the company's shares 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, January 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, January 12th at 12:00 PM 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 data on Friday, October, 13th. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.29. The business earned $20.14 billion during the quarter, compared to analyst estimates of $19.27 billion. Citigroup had a net margin of 9.22% and a trailing twelve-month return on equity of 6.76%. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS.
Read the conference call transcript
.

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

Citigroup announced a quarterly dividend on Thursday, October 19th. Shareholders of record on Monday, November 6th will be given a dividend of $0.53 per share on Wednesday, November 22nd. This represents a $2.12 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, November 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 4.49%. C has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 36.30% 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 updated its FY 2023 earnings guidance on Friday, October, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $78.00 billion-$79.00 billion, compared to the consensus revenue estimate of $79.00 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 variety of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (1.33%), Morgan Stanley (1.28%), Massachusetts Financial Services Co. MA (1.15%), Northern Trust Corp (1.05%), Pzena Investment Management LLC (0.87%) and Invesco Ltd. (0.76%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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.
Read More
This page (NYSE:C) was last updated on 12/6/2023 by MarketBeat.com Staff

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