Who owns Citigroup stock?
Citigroup's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.90%), State Street Corp (4.54%), Susquehanna International Group LLP (0.00%), Geode Capital Management LLC (1.67%), Massachusetts Financial Services Co. MA (1.29%) and Capital World Investors (1.20%).
Where is Citigroup's headquarters located?
Citigroup Center, a diagonal-roof skyscraper located in Midtown Manhattan, New York City, is Citigroup's most famous office building, which despite popular belief is not the company's headquarters building.
What is the upside for Citigroup's stock?
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.
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?
Is Citigroup a good stock to 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%.
Who is the largest shareholder of Citigroup?
The Vanguard Group, Inc.Top 10 Owners of Citigroup IncStockholderStakeShares ownedThe Vanguard Group, Inc.8.27%160,615,865BlackRock Fund Advisors4.89%94,946,993SSgA Funds Management, Inc.4.81%93,306,092Berkshire Hathaway, Inc. (Investm...2.84%55,155,7976 more rows
Is C undervalued?
Once again, C looks incredibly undervalued. Its tangible book value exceeds its market cap and trades at a 1.67x multiple. The market is discounting the tangible book value of C as its market cap trades at $62.33 billion less than its tangible book value.
Is Bank of America a good stock to buy?
Interest rates are rising, yet Bank of America stock is still cheap. The stock trades at just 10x forward earnings. The rising interest rate environment may lead to a sustained increase in net interest yields.
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.
Is Citibank owned by Saudi Arabia?
Citigroup Saudi Arabia (CSA) is a closed Joint Stock Company (JSC), incorporated in 2017 under commercial register number 1010612164. CSA is wholly owned by Citigroup Financial Products Inc. The paid capital of CSA is SAR 187,500,000.
Is Citi Bank undervalued?
Undervalued Blue-Chip Stocks: Citigroup (C) Citi's top-line growth is expected to flatten this year, posting a marginal revenue increase of 0.8% to $72.4 million, but should expand faster in 2023, up 3% to $74.6 billion.
What is the intrinsic value of Citigroup?
As of today (2022-06-04), Citigroup's Intrinsic Value: Projected FCF is $144.70. The stock price of Citigroup is $51.33.
Where Will Bank of America be in 5 years?
Bank of America is expected to achieve a decent earnings CAGR of +6.5% between fiscal 2022 and 2026, based on data sourced from Seeking Alpha's Earnings Estimates page.
Are banks a good investment for 2022?
After a big year in 2021 and a hot start to 2022, bank stocks have lagged in recent months. The combination of a recovering U.S. economy and the potential for aggressive Federal Reserve interest rate hikes could set up bank stocks for outsize earnings growth in the next couple of years.
Will Bank of America raise dividend in 2022?
CHARLOTTE, N.C., April 27, 2022 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.21 per share, payable on June 24, 2022 to shareholders of record as of June 3, 2022.
Should I buy or sell Citigroup stock right now?
13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Citigroup in the last year. There are currently 1 sell rating, 7...
What is Citigroup's stock price forecast for 2022?
13 brokers have issued 12 month price objectives for Citigroup's stock. Their forecasts range from $58.00 to $93.00. On average, they anticipate Ci...
How has Citigroup's stock performed in 2022?
Citigroup's stock was trading at $60.39 at the beginning of the year. Since then, C stock has decreased by 21.0% and is now trading at $47.71. Vie...
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) announced its quarterly earnings data on Thursday, April, 14th. The company reported $2.02 EPS for the quarter, topping ana...
How often does Citigroup pay dividends? What is the dividend yield for Citigroup?
Citigroup declared a quarterly dividend on Friday, April 1st. Shareholders of record on Monday, May 2nd will be given a dividend of $0.51 per share...
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 4.08%. C has a dividend yield higher than 75% of...
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.
Where is Citigroup incorporated?
What is Citigroup Inc?
Citigroup is incorporated in Delaware. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States.
How many employees does Citigroup have?
About. . . Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.
What is Citigroup valuation?
Citigroup has over 200 million customer accounts and does business in more than 160 countries. It has 204,000 employees, although it had 357,000 employees before the financial crisis of 2007–2008, when it was bailed out by a massive stimulus package from the U.S. government.
Is Citigroup too big to fail?
A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City.
When will Citigroup pay dividends in 2021?
It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the nine global investment banks in the Bulge Bracket. Citigroup is ranked 33rd on the Fortune 500 as of 2021.
What is the Citi Foundation's pledge to Haiti?
NEW YORK, July 22, 2021--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.51 per share, payable on August 27, 2021, to stockholders of record on August 2, 2021.
Does Citigroup invest in bitcoin?
Citi Foundation Pledges $250,000 to Haiti for Immediate Earthquake Relief Efforts. NEW YORK, August 16, 2021--In response to the 7.2 magnitude earthquake in Haiti on Saturday, the Citi Foundation today announced a $250,000 pledge to UNICEF USA to assist with immediate relief efforts. Business Wire • 9 hours ago.
Who is the head of TTS?
Citigroup's (C) wealthy clients will be able to access investment vehicles in bitcoin and other digital assets, with the bank launching a separate digital asset unit as part of its wealth management division.
Is Miron Lila leaving Citigroup?
Citigroup Inc has named Steve Elms as the new sales head for the bank's Treasury and Trade Solutions (TTS) unit effective immediately, according to an internal memo shared by a company spokesperson. TTS is a division of the bank's Institutional Clients group.
Where is Citigroup incorporated?
(Bloomberg) -- Citigroup Inc. health-care investment banker Miron Lila is leaving the U.S. lender to join Chinese health-care company dMed Biopharmaceutical Co., according to people familiar with the matter.Lila will be responsible for financing and investor relations activities at Shanghai-based dMed, the people said, asking not to be identified because the matter is private. He will continue to be based in Hong Kong, the people added.He spent 13 years at Citi, most recently leading its health-
What is Citigroup Inc?
Citigroup is incorporated in Delaware . Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States.
How much did Citigroup make in 2010?
Citigroup Inc. or Citi ( stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware .
Why did Citi fail the Fed stress test?
In 2010, Citigroup achieved its first profitable year since 2007. It reported $10.6 billion in net profit, compared with a $1.6 billion loss in 2009. Late in 2010, the government sold its remaining stock holding in the company, yielding an overall net profit to taxpayers of $12 billion. A special IRS tax exception given to Citi allowed the US Treasury to sell its shares at a profit, while it still owned Citigroup shares, which eventually netted $12 billion. According to Treasury spokeswoman Nayyera Haq, "This (IRS tax) rule was designed to stop corporate raiders from using loss corporations to evade taxes and was never intended to address the unprecedented situation where the government-owned shares in banks. And it was certainly not written to prevent the government from selling its shares for a profit."
What led Citigroup to go into trouble?
Citi failed the Fed stress tests due to Citi's high capital return plan and its international loans, which were rated by the Fed to be at higher risk than its domestic American loans. Citi received half of its revenues from its international businesses. In comparison, Bank Of America, which passed the stress test and did not ask for a capital return to investors, received 78% of its revenue in the United States.
How much of Citigroup's workforce was cut in 2008?
Heavy exposure to troubled mortgages in the form of collateralized debt obligation (CDOs), compounded by poor risk management, led Citigroup into trouble as the subprime mortgage crisis worsened in 2007. The company had used elaborate mathematical risk models which looked at mortgages in particular geographical areas, but never included the possibility of a national housing downturn or the prospect that millions of mortgage holders would default on their mortgages. Trading head Thomas Maheras was close friends with senior risk officer David Bushnell, which undermined risk oversight. As Treasury Secretary, Robert Rubin was said to be influential in lifting the Glass–Steagall Act that allowed Travelers and Citicorp to merge in 1998. Then on the board of directors of Citigroup, Rubin and Charles Prince were said to be influential in pushing the company towards MBS and CDOs in the subprime mortgage market.
How many employees does Citigroup have?
With the crisis worsening, Citigroup announced on January 7, 2008 that it was considering cutting another 5 percent to 10 percent of its 327,000 member-workforce.
NYSE: C
Citigroup has over 200 million customer accounts and does business in more than 160 countries. It has 204,000 employees, although it had 357,000 employees before the financial crisis of 2007–2008, when it was bailed out by a massive stimulus package from the U.S. government.
It has been a tough year for Citigroup in 2021 as the year comes to an end
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What led to poor performance in 2021
It's been a dreadful year for Citigroup ( C -0.66% ) in terms of stock price performance, with shares of the megabank down about 1% this year. The KBW Nasdaq Bank Index, which tracks large bank stocks, is up nearly 35% this year, showing just how much Citigroup has lagged the broader sector.
NYSE: C
Citigroup came into 2021 facing several challenges. The bank, which has lagged its peers since the Great Recession, got into trouble in 2020 when it accidentally sent $900 million to the wrong parties due to a clerical error, which showed the lack of modernization at the bank.
Can the bank rebound?
Investors seemed pleased with the initial steps, but Fraser's honeymoon quickly soured in the second half of the year, as expenses at the bank rose and market conditions got tougher. The bank sold its Australia consumer banking division and took a $680 million pre-tax loss in Q3.
What will happen in 2022
I really don't understand Citigroup trading at these beaten-down levels and don't know how much lower it can go (famous last words).
Premium Investing Services
Citigroup's transformation is likely a multi-year effort, but the bank is holding an investor day in March. That should give investors and analysts a more detailed view of the strategy refresh, as well as some renewed faith in management.