What is the stock price of Citigroup going to be?
Their forecasts range from $60.00 to $114.00. On average, they expect Citigroup's stock price to reach $75.14 in the next year. This suggests a possible upside of 37.2% from the stock's current price. View analysts' price targets for Citigroup or view top-rated stocks among Wall Street analysts. Who are Citigroup's key executives?
Why is Citigroup pausing stock buybacks this quarter?
Citigroup Inc is pausing buybacks of its stock this quarter because of the expected impact of a new capital rule related to derivatives risks, Chief Financial Officer Mark Mason said on Wednesday.
What brokerages does Citigroup use?
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 $54.77. How much money does Citigroup make?
Should you invest in Citi stock?
Its dividend may also provide some protection, and if all is well with its stress test results (to be announced June 26) it should be able to carry out large share buybacks at a price making them very accretive to continuing shareholders. The problems at Citi are not small, but they are at least obvious and generally recognized.
Is Citigroup a good buy now?
Citigroup is expected to post earnings of $1.65 per share for the current quarter, representing a year-over-year change of -41.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -8.5%.
Why did Citigroup stock fall today?
Citigroup C +2.64% stock was falling Friday after the bank posted a mixed bag of fourth-quarter earnings. Citigroup (ticker: C) reported net income of $3.2 billion, a whopping 26% drop from a year ago. The bank blamed the increase in expenses, which rose 18% to $13.5 billion in the quarter, for the decline.
What happened to Citigroup?
In July 2009, the firm was effectively nationalized, with billions of dollars in bailout money converted into a 34% ownership stake for the U.S. government. Citigroup was worth less than $16 billion, having lost more than $250 billion in value from its peak.
Is Citigroup in trouble?
Citibank has been in trouble with regulators, and was fined $400 million by the Federal Reserve and the Office of the Comptroller of the Currency in 2021. The fine was for “unsafe and unsound banking practices,” which included sending around $900 million to the wrong recipients.
Is Citigroup a buy or sell?
Citigroup has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 5 buy ratings, 7 hold ratings, and 1 sell rating.
Who owns Citigroup bank?
CitigroupCiticorp LLCCitibank/Parent organizations
Why is Citibank closing so many branches?
That's because financial institutions are finding it increasingly harder to rationalize keeping them open. As more consumer financial activity moves to mobile and to the web, banks are shedding branches the world over.
Is Citibank getting closed?
There is no immediate change or impact to the existing account/relationship with Citi. We are committed to ensuring that customers continue to receive the best services, and we will continue to operate as usual. Consumer operations, including all branches, call centers and offices, continue to operate as they do today.
Is Citibank owned by China?
As a locally incorporated bank, Citi China's legal name is Citibank (China) Co., Ltd. ("CCCL") and is fully owned by its parent, Citibank N. A. Citigroup Tower, Shanghai.
Will C stock go back up?
Citigroup Inc (NYSE:C) The 24 analysts offering 12-month price forecasts for Citigroup Inc have a median target of 61.50, with a high estimate of 95.00 and a low estimate of 53.00. The median estimate represents a +17.31% increase from the last price of 52.43.
Is Citibank a secure bank?
Yes, all Citibank bank accounts are FDIC insured (FDIC# 7213) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
Is Citigroup an ethical company?
Anti-Bribery and Corruption Program Citi complies with all applicable anti-bribery and corruption laws and regulations, and our Anti-Bribery and Corruption Program expressly prohibits bribery in any form.
Is Citigroup a buy right now?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last twelve months. There are currently 1 sell rating, 7...
When is Citigroup's next earnings date?
Citigroup is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022. View our earnings forecast for Citigroup .
How were Citigroup's earnings last quarter?
Citigroup Inc. (NYSE:C) issued its quarterly earnings data on Thursday, April, 14th. The company reported $2.02 earnings per share (EPS) for the qu...
How often does Citigroup pay dividends? What is the dividend yield for Citigroup?
Citigroup declared a quarterly dividend on Friday, April 1st. Investors of record on Monday, May 2nd will be paid a dividend of $0.51 per share on...
Is Citigroup a good dividend stock?
Citigroup pays an annual dividend of $2.04 per share and currently has a dividend yield of 3.77%. The dividend payout ratio of Citigroup is 24.06%....
What price target have analysts set for C?
13 equities research analysts have issued 1 year target prices for Citigroup's shares. Their forecasts range from $58.00 to $93.00. On average, the...
Who are Citigroup's key executives?
Citigroup's management team includes the following people: Ms. Jane Nind Fraser , CEO & Director (Age 54, Pay $9.33M) Mr. Mark A.L. Mason , Chi...
What is Michael Corbat's approval rating as Citigroup's CEO?
5,046 employees have rated Citigroup CEO Michael Corbat on Glassdoor.com . Michael Corbat has an approval rating of 90% among Citigroup's employees.
Who are some of Citigroup's key competitors?
Some companies that are related to Citigroup include JPMorgan Chase & Co. (JPM) , Bank of America (BAC) , Industrial and Commercial Bank of Chin...
Is Citigroup stock a Buy, Sell or Hold?
Citigroup stock has received a consensus rating of buy. The average rating score is and is based on 30 buy ratings, 10 hold ratings, and 1 sell rat...
What was the 52-week low for Citigroup stock?
The low in the last 52 weeks of Citigroup stock was 45.40. According to the current price, Citigroup is 118.11% away from the 52-week low.
What was the 52-week high for Citigroup stock?
The high in the last 52 weeks of Citigroup stock was 80.28. According to the current price, Citigroup is 66.79% away from the 52-week high.
What are analysts forecasts for Citigroup stock?
The 41 analysts offering price forecasts for Citigroup have a median target of 74.59, with a high estimate of 101.00 and a low estimate of 45.00. T...
What is Citigroup stock worth in 2020?
What is Citigroup Inc?
Citigroup's stock was trading at $50.79 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, C stock has increased by 39.9% and is now trading at $71.07. View which stocks have been most impacted by COVID-19.
How many branches does Citigroup have?
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. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group ...
The stock is trading at a beaten-down level, and there's a transformation plan starting to get underway
As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York. Read More.
Key Points
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
3 concerns
Citigroup, a bank that owns 4% of U.S. deposit market share, trades around 80% of tangible book value.
3 near-term catalysts
Exiting consumer markets: Fraser's first big move came earlier this year when the bank announced its plans to exit or sell its consumer banking franchise in 13 global markets to free up about $7 billion of capital. Investors seemed to like the concept, but the first two markets Citigroup has left have not exactly been smooth.
3 reasons to buy the stock
Q4 earnings: Every earnings report will be important for Citigroup right now. The next one will be in January to discuss the fourth quarter and full-year results. Investors will be looking for more guidance for next year, any hints on the transformation plan, and to see how much stock Citigroup is repurchasing.
