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NYSE:C

Citigroup - C Stock Forecast, Price & News

$51.67
-0.19 (-0.37%)
(As of 01/30/2023 12:41 PM ET)
Add
Compare
Today's Range
$51.34
$51.77
50-Day Range
$43.81
$52.19
52-Week Range
$40.01
$69.11
Volume
3.58 million shs
Average Volume
17.87 million shs
Market Capitalization
$100.08 billion
P/E Ratio
7.38
Dividend Yield
3.93%
Price Target
$57.42

Citigroup MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
11.2% Upside
$57.42 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.37mentions of Citigroup in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.23%
From $6.07 to $6.63 Per Share

Overall MarketRank

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

3.16 out of 5 stars

Finance Sector

19th out of 891 stocks

National Commercial Banks Industry

3rd out of 85 stocks


C stock logo

About Citigroup (NYSE:C) Stock

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.

 

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C Stock News Headlines

Capital One Stock: Will Subprime Borrowers Spoil the Rally? (C)
Financial services holding company Capital One Financial Co. (NYSE: COF) stock has been hit due to its exposure to subprime borrowers. As the economy contracts
South Korea extends restrictions on travelers from China
South Korea says it will continue to restrict the entry of short-term travelers from China through the end of February over concerns that the spread of COVID-19 in that country may worsen following the Lunar New Year’s holidays
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Russia declares critical news outlet Meduza 'undesirable'
Russian authorities have declared the independent Russian news website Meduza as an undesirable organization
Thousands turn out to bid farewell to Greece’s former king
Thousands of people have been lining up since before dawn outside Athens’ cathedral to pay their final respects to Greece’s former King Constantine
Clarification: Israel-Emirates-Missing Tourists story
In a story published January 3, 2023, The Associated Press reported that Sharaka, a group promoting ties between Israel and the Arab world, was having trouble finding Gulf Arab citizens interested in visiting Israel after the normalization of ties with countries of that region
Tesla cuts vehicle prices in bid to boost flagging demand
With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest
JPMorgan Chase Falls As Banks Brace For Recession  (C)
JPMorgan Chase (NYSE: JPM) stock and the banks are moving lower after strong results and weak outlook cut into the expectation for 2023 earnings.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
China's reopened borders raise hopes for soccer resurgence
After three years of isolation and financial struggles in Chinese soccer, the country is reopening its borders and economy to the outside world
China suspends visas for South Koreans in virus retaliation
China is suspending visas for South Koreans to come to the country for tourism or business in apparent retaliation for COVID-19-related requirements on Chinese travelers
Citigroup (NYSE:C) Is Paying Out A Dividend Of $0.51
The Most Congested Cities in the World
See More Headlines
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C Company Calendar

Last Earnings
1/14/2022
Ex-Dividend for 11/23 Dividend
11/04/2022
Dividend Payable
11/23/2022
Today
1/30/2023
Ex-Dividend for 2/24 Dividend
2/03/2023
Dividend Payable
2/24/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
223,400
Year Founded
1812

Price Target and Rating

Average Stock Price Forecast
$57.42
High Stock Price Forecast
$83.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+11.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
18 Analysts

Profitability

Net Income
$14.85 billion
Pretax Margin
18.61%

Debt

Sales & Book Value

Annual Sales
$101.08 billion
Cash Flow
$13.53 per share
Book Value
$94.40 per share

Miscellaneous

Outstanding Shares
1,936,850,000
Free Float
1,935,304,000
Market Cap
$100.08 billion
Optionable
Optionable
Beta
1.56

Social Links


Key Executives

  • Jane Nind FraserJane Nind Fraser
    President, Chief Executive Officer & Director
  • Mike Whitaker
    Head-Operations & Technology
  • Mark A. L. Mason
    Chief Financial Officer
  • Mary Mcniff
    Chief Compliance Officer
  • Karen B. Peetz
    Chief Administrative Officer













C Stock - Frequently Asked Questions

Should I buy or sell Citigroup stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last year. There are currently 1 sell rating, 10 hold ratings and 7 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 forecast for 2023?

18 equities research analysts have issued 12 month price objectives for Citigroup's stock. Their C share price forecasts range from $41.00 to $83.00. On average, they expect the company's share price to reach $57.42 in the next twelve months. This suggests a possible upside of 10.7% 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 start of the year. Since then, C shares have increased by 14.7% and is now trading at $51.86.
View the best growth stocks for 2023 here
.

Are investors shorting Citigroup?

Citigroup saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 25,970,000 shares, a drop of 9.3% from the December 31st total of 28,620,000 shares. Based on an average trading volume of 17,520,000 shares, the short-interest ratio is currently 1.5 days. Approximately 1.4% 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 Thursday, April 13th 2023.
View our C earnings forecast
.

How were Citigroup's earnings last quarter?

Citigroup Inc. (NYSE:C) issued its quarterly earnings data on Friday, January, 14th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.89 by $0.43. The company earned $17.02 billion during the quarter, compared to analysts' expectations of $16.78 billion. Citigroup had a trailing twelve-month return on equity of 8.14% and a net margin of 14.73%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 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 Wednesday, January 11th. Investors of record on Monday, February 6th will be given a dividend of $0.51 per share on Friday, February 24th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for C
.

Is Citigroup a good dividend stock?

Citigroup (NYSE:C) pays an annual dividend of $2.04 per share and currently has a dividend yield of 3.93%. The dividend payout ratio is 29.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 30.77% 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, January, 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 $76.15 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).

What is Citigroup's stock symbol?

Citigroup trades on the New York Stock Exchange (NYSE) under the ticker symbol "C."

Who are Citigroup's major shareholders?

Citigroup's stock is owned by many different institutional and retail investors. Top institutional shareholders include Greenhaven Associates Inc. (0.40%), National Bank of Canada FI (0.27%), Assenagon Asset Management S.A. (0.00%), New York State Teachers Retirement System (0.12%), Oldfield Partners LLP (0.10%) and M&G Investment Management Ltd. (0.07%). Insiders that own company stock include Cantu Ernesto Torres, Citigroup Inc, Gary M Reiner and Sara Wechter.
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.

What is Citigroup's stock price today?

One share of C stock can currently be purchased for approximately $51.86.

How much money does Citigroup make?

Citigroup (NYSE:C) has a market capitalization of $100.45 billion and generates $101.08 billion in revenue each year. The company earns $14.85 billion in net income (profit) each year or $7.00 on an earnings per share basis.

How many employees does Citigroup have?

The company employs 223,400 workers across the globe.

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
How can I contact Citigroup?

Citigroup's mailing address is 388 GREENWICH STREET, NEW YORK NY, 10013. The official website for the company is www.citigroup.com. The company can be reached via phone at (212) 559-1000, via email at investorrelations@citi.com, or via fax at 212-793-3946.

This page (NYSE:C) was last updated on 1/30/2023 by MarketBeat.com Staff