S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:C

Citigroup (C) Stock Price, News & Analysis

$58.56
-1.12 (-1.88%)
(As of 04/15/2024 ET)
Today's Range
$58.19
$60.91
50-Day Range
$52.79
$63.46
52-Week Range
$38.17
$63.90
Volume
19.23 million shs
Average Volume
17.27 million shs
Market Capitalization
$112.15 billion
P/E Ratio
17.32
Dividend Yield
3.62%
Price Target
$62.91

Citigroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
7.4% Upside
$62.91 Price Target
Short Interest
Healthy
1.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.40mentions of Citigroup in the last 14 days
Based on 87 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.31%
From $5.73 to $7.18 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.

4.91 out of 5 stars

Finance Sector

38th out of 873 stocks

National Commercial Banks Industry

10th out of 86 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

Vital Farms Rides the Pasture-Raised Egg Trend to the Bank (C)
Vital Farms Inc. (NASDAQ: VITL) sources and markets pasture-raised, cage-free, sustainable and ethical egg and dairy products at a premium.
Citi's Results Say This About The Stock Market
Traders who postpone the potential interest rate cuts from the Federal Reserve (the Fed) could be in for a reckoning. According to the FedWatch tool at CME Group Inc., the Fed started the year proposing cuts as soon as March 2024; traders now see these cuts pushed back as far as September 2024.
Nerd Investor Reveals Secret To Make Money With A.I.
He's doing something he's never done before. In ten years, this nerd investor has picked 210+ stocks that have gone up at least 100%.
Citi’s Results Say This About The Stock Market (C)
Investors now have an inside look at what one of Wall Street's biggest names is doing with its money. Corporations and clients all see new highs in stocks
3 High Dividend Stocks to Replace Lower Savings Yields Ahead (C)
Three stocks stand out as the most attractive dividend propositions, particularly now that savings yields may drop as a result of the Fed's rate cuts
How to Protect your Portfolio Against a Rising VIX (C)
Three stocks could soon become a safe haven for investors looking to escape the VIX's rise back to its 2024 highs. Steady financials and strong brands rule here
3 Consumer Staples Stocks Setting up for a Breakout
The swing is coming in this next market cycle. While markets may have priced in potential interest rate cuts from the Federal Reserve (the Fed), some stocks have yet to reach their full potential.
3 Consumer Staples Stocks Setting up for a Breakout
Three consumer staples stocks could be set to benefit from current market uncertainty, until the Fed decides on the timing - and magnitude - of potential cuts
Nerd Investor Reveals Secret To Make Money With A.I.
He's doing something he's never done before. In ten years, this nerd investor has picked 210+ stocks that have gone up at least 100%.
How to Invest in Energy (C)
Energy keeps the world moving, from oil to gas to solar to wind. Learn about the types of energy investments, where to find them and which may be best for you.
How to Invest in Electric Cars Now and in the Future
How do you invest in electric cars? Buy the stock of automakers or buy an exchange-traded fund? We’ll show you how to invest in electric cars.
3 Stocks With Unusual Call Option Activity
Three stocks reported rising call option buying activity could see even higher prices soon. Analysts see the writing on the wall, and traders stampeded in
Citi wealth division's CIO Bailin to depart
Bank Earnings: A Roundup of Journal Coverage
What We Learned From Big Bank Earnings on Friday
Citigroup (NYSE:C) Shares Gap Up Following Strong Earnings
See More Headlines
Receive C Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Citigroup and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/23 Dividend
2/02/2024
Dividend Payable
2/23/2024
Last Earnings
4/12/2024
Today
4/15/2024
Ex-Dividend for 5/24 Dividend
5/03/2024
Dividend Payable
5/24/2024
Next Earnings (Estimated)
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
$62.91
High Stock Price Target
$87.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$9.23 billion
Pretax Margin
6.91%

Debt

Sales & Book Value

Annual Sales
$156.82 billion
Cash Flow
$8.59 per share
Book Value
$98.57 per share

Miscellaneous

Outstanding Shares
1,915,280,000
Free Float
1,913,746,000
Market Cap
$111.58 billion
Optionable
Optionable
Beta
1.52

Social Links

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

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 diverse range of financial products and services catering to various consumer segments, corporations, governments, and institutions globally.
  • The company operates through different segments like Services, Markets, Banking, U.S. Personal Banking, and Wealth, providing a wide array of financial solutions.
  • Recent analyst ratings have been positive, with several analysts upgrading Citigroup's stock rating to "overweight" and "buy," indicating confidence in the company's performance.
  • Citigroup Inc. announced a quarterly dividend, showcasing a commitment to rewarding shareholders with a $2.12 annualized dividend and a yield of 3.68%.
  • Despite recent challenges, Citigroup's net margin and return on equity remain stable, indicating the company's resilience in the face of economic fluctuations.

Cons

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

  • Citigroup Inc. recently reported lower-than-expected earnings per share ($1.16 EPS) for the quarter, missing analysts' consensus estimates by a significant margin.
  • The company's quarterly revenue of $17.44 billion was below analyst estimates, reflecting potential challenges in revenue generation and market performance.
  • While Citigroup's payout ratio is currently at 53.13%, indicating a stable dividend policy, the company's revenue was down 3.1% year-over-year, raising concerns about future growth prospects.
  • Some analysts have issued a "sell" rating on Citigroup's stock, highlighting potential risks associated with investing in the company based on their market analysis.
  • Market conditions and regulatory changes in the financial sector could impact Citigroup's operations and profitability, leading to uncertainties for investors.
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 Wednesday, April 10, 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?

17 Wall Street equities research 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 11 buy ratings for the stock. The consensus among Wall Street equities research 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?

17 analysts have issued 1 year price targets for Citigroup's shares. Their C share price targets range from $47.00 to $87.00. On average, they predict the company's share price to reach $62.91 in the next year. This suggests a possible upside of 7.4% 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 on January 1st, 2024. Since then, C shares have increased by 13.8% and is now trading at $58.5550.
View the best growth stocks for 2024 here
.

Are investors shorting Citigroup?

Citigroup saw a increase in short interest in March. As of March 15th, there was short interest totaling 28,360,000 shares, an increase of 15.6% from the February 29th total of 24,540,000 shares. Based on an average daily volume of 16,900,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.5% of the shares of the 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 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.29. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a trailing twelve-month return on equity of 6.17%. The firm's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS.
Read the conference call transcript
.

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

Citigroup declared a quarterly dividend on Wednesday, April 3rd. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share on Friday, May 24th. This represents a $2.12 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend 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 3.55%. The company does not yet have a strong track record of dividend growth. 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 29.53% 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 2024 earnings guidance on Friday, April, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $80.0 billion-$81.0 billion, compared to the consensus revenue estimate of $73.7 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 variety of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.11%), IMC Chicago LLC (0.00%), ARGA Investment Management LP (0.05%), Douglas Lane & Associates LLC (0.03%), Nexus Investment Management ULC (0.03%) and Czech National Bank (0.02%). 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.
Read More
This page (NYSE:C) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners