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S&P 500   5,026.61
DOW   38,671.69
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"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
The World's First "$20 Trillion Drug (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
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Something is Coming for America's Top Stock (Ad)
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Stock market today: World shares mostly higher after S&P 500 tops 5,000
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Biden's campaign joins TikTok, even as administration warns of national security concerns with app
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
The World's First "$20 Trillion Drug (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Something is Coming for America's Top Stock (Ad)
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Stock market today: World shares mostly higher after S&P 500 tops 5,000
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Biden's campaign joins TikTok, even as administration warns of national security concerns with app

Citigroup (C) Stock Price, News & Analysis

$53.99
-0.30 (-0.55%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$53.53
$54.44
50-Day Range
$46.70
$57.09
52-Week Range
$38.17
$57.95
Volume
13.84 million shs
Average Volume
19.87 million shs
Market Capitalization
$103.33 billion
P/E Ratio
13.53
Dividend Yield
3.93%
Price Target
$56.62

Citigroup MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.9% Upside
$56.62 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.33mentions of Citigroup in the last 14 days
Based on 40 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.57%
From $5.94 to $7.34 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.

4.71 out of 5 stars

Finance Sector

80th out of 836 stocks

National Commercial Banks Industry

14th out of 81 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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Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, amid lower-than-expected sales revenue for the last quarter of 2023
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Palantir stock gapped up 20% after a strong earnings report and improved guidance; history suggests a pullback is likely, but the company is quieting skeptics
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Kris Jenner has a new term: “Twist on it.”
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Starbucks perks up on margin strength: Are new highs in sight? (C)
Starbucks had a solid quarter and generated significant cash flow and earnings but failed to meet expectations and lowered guidance; the downtrend may continue.
3 big banking stocks that just got upgraded (C)
Banking stocks are finding themselves more popular than they’ve been in a long time, and it doesn't look like that's going to change anytime soon.
2 upgraded food stocks with super-sized gain potential (C)
Food-related businesses have been the subject of several recent analyst upgrades, including these two stocks which have some of the best total return potential.
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See More Headlines
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Company Calendar

Ex-Dividend for 11/22 Dividend
11/03/2023
Dividend Payable
11/22/2023
Last Earnings
1/12/2024
Ex-Dividend for 2/23 Dividend
2/02/2024
Today
2/11/2024
Dividend Payable
2/23/2024
Next Earnings (Estimated)
4/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$56.62
High Stock Price Target
$95.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+4.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$9.23 billion
Pretax Margin
8.23%

Debt

Sales & Book Value

Annual Sales
$156.82 billion
Cash Flow
$10.07 per share
Book Value
$98.57 per share

Miscellaneous

Outstanding Shares
1,913,880,000
Free Float
1,912,160,000
Market Cap
$103.33 billion
Optionable
Optionable
Beta
1.52

Social Links

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Key Executives















C Stock Analysis - Frequently Asked Questions

Should I buy or sell Citigroup stock right now?

16 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, 6 hold ratings and 9 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?

16 Wall Street research analysts have issued twelve-month price objectives for Citigroup's stock. Their C share price targets range from $43.00 to $95.00. On average, they anticipate the company's stock price to reach $56.62 in the next twelve months. This suggests a possible upside of 4.9% 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 at the beginning of the year. Since then, C stock has increased by 5.0% and is now trading at $53.99.
View the best growth stocks for 2024 here
.

Are investors shorting Citigroup?

Citigroup saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 31,520,000 shares, an increase of 27.0% from the December 31st total of 24,810,000 shares. Based on an average daily volume of 18,870,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 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, April 12th 2024.
View our C earnings forecast
.

How were Citigroup's earnings last quarter?

Citigroup Inc. (NYSE:C) announced its quarterly earnings data on Friday, January, 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by $1.89. The firm had revenue of $17.44 billion for the quarter, compared to analysts' expectations of $18.71 billion. Citigroup had a net margin of 5.88% and a trailing twelve-month return on equity of 6.49%. Citigroup's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.10 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 Thursday, January 11th. Stockholders of record on Monday, February 5th will be given a dividend of $0.53 per share on Friday, February 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, February 2nd.
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 3.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 53.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, C will have a dividend payout ratio of 28.88% 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 issued an update on its FY 2024 earnings guidance on Friday, January, 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 $72.3 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 many different retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.29%), Massachusetts Financial Services Co. MA (1.14%), Norges Bank (0.88%), Pzena Investment Management LLC (0.88%), Greenhaven Associates Inc. (0.84%) and Charles Schwab Investment Management Inc. (0.74%). 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 2/12/2024 by MarketBeat.com Staff

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