C.SN - Citigroup Inc.
| Previous close | 49.80 |
| Open | 0.00 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 49.80 - 49.80 |
| 52-week range | 45.13 - 52.48 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 97.056B |
| Beta (5Y monthly) | 1.56 |
| PE ratio (TTM) | 7.00 |
| EPS (TTM) | 7.11 |
| Earnings date | 14 Jul 2023 |
| Forward dividend & yield | 2.04 (4.10%) |
| Ex-dividend date | 28 Apr 2023 |
| 1y target est | N/A |
Business WireCiti Wins Multiple 2023 Digital CX Awards from the Digital Banker
NEW YORK, May 31, 2023--Citi Treasury and Trade Solutions (TTS) has won top honors in two transaction banking categories at the fifth annual Digital CX Awards 2023, hosted by The Digital Banker -- dedicated to recognizing pioneering innovation in Digital Customer Experience (CX) across the financial services ecosystem. Citi placed first in the World’s Best Transaction Bank for Digital CX and Outstanding Digital CX – Bank Cards categories.
WSJHow Jamie Dimon Turned Chase Into the Most Powerful Bank in the U.S.
When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColgan
Yahoo Finance VideoCiti, Petco, Abercrombie & Fitch: Trending stocks
Yahoo Finance markets contributor Remy Blaire discusses trending stocks, including Citigroup announcing it will pursue an IPO for Banamex, Petco stock falling on soft guidance, and Abercrombie & Fitch shares rising after its Q1 earnings beat.
Business WireCiti to Pursue Initial Public Offering of Its Consumer, Small Business and Middle Market Banking Operations in Mexico as It Executes Strategy to Simplify Firm and Deliver Value to Shareholders
NEW YORK, May 24, 2023--Citi today announced it will pursue an initial public offering (IPO) of its consumer, small business and middle-market banking operations in Mexico (the "Business") following the planned separation of its leading institutional business that will remain part of Citi. As previously disclosed, Citi had been pursuing a dual process to exit the Business, including preparation for a possible IPO, with a commitment to deliver maximum value to its shareholders.
Business WireCiti CEO Jane Fraser to Present at Bernstein’s 39th Annual Strategic Decisions Conference
NEW YORK, May 19, 2023--Jane Fraser, Chief Executive Officer of Citi, will present at Bernstein’s 39th Annual Strategic Decisions Conference on Friday, June 2. The presentation is expected to begin at approximately 11:00 a.m. (Eastern). A live webcast will be available at http://www.citigroup.com/citi/investor. A replay and transcript of the webcast will be available shortly after the event.
Business WireCitigroup Announces $1.25 Billion Redemption of 4.044% Fixed Rate / Floating Rate Notes due 2024 and $1.0 Billion Redemption of Floating Rate Notes due 2024
NEW YORK, May 17, 2023--Citigroup Inc. is announcing the redemption, in whole, constituting $1,250,000,000 of its 4.044% Fixed Rate / Floating Rate Notes due 2024 (the "fixed rate / floating rate notes") (ISIN: US172967LZ20), and the redemption, in whole, constituting $1,000,000,000 of its Floating Rate Notes due 2024 (the "floating rate notes" and together with the fixed rate / floating rate notes, the "notes") (ISIN: US172967MA69).
Yahoo FinanceWarren Buffett sells stakes in two banks, buys into Capital One
The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.
Business WireCiti LIBOR Transition Update
NEW YORK, May 12, 2023--On November 14, 2022, ICE Benchmark Administration ("IBA"), the publisher of the USD LIBOR ICE Swap Rate, announced that it intends to cease publication of all ICE Swap Rate settings based on USD LIBOR after June 30, 2023 (the "Cessation Date"). This announcement follows the announcement by the UK Financial Conduct Authority on March 5, 2021, that all USD LIBOR settings will either cease or no longer be representative after the Cessation Date. The USD LIBOR ICE Swap Rate
Yahoo FinanceFed's Waller: Climate change not a 'serious risk' to US financial system
The comments from Federal Reserve Governor Chris Waller come as the central bank tests the resilience of banks under different climate scenarios.
Yahoo FinanceThe lender that made nearly $10 billion from Silicon Valley Bank's failure
The earnings for First Citizens were second in the banking industry behind JPMorgan Chase.
Business WireCiti Retail Services Expands Embedded Payment Capabilities with Citi Pay
NEW YORK, May 10, 2023--As a leader in U.S. payments, Citi Retail Services, one of North America's largest and most experienced retail payments and credit solution providers, is expanding its embedded payments strategy with its suite of Citi Pay® products. Designed with customers and merchants in mind, the new family of products will deliver a digital-first, consumer finance journey in partner checkout processes.
Yahoo Finance VideoWhat's next in the markets? 5 executives share their predictions
Every investor wants to know: what does the future hold for the stock market? "People are actually gonna need to figure out how to be good investors going forward. And we have not yet mentally adjusted. What happened over the last 10 years is abnormal." -Marc Rowan, Apollo CEO "Our outlook is more negative going forward... and more people need to catch up with us, which means that we're probably going to have more volatility and more drawdowns ahead of us." -Katie Koch, TCW CEO "Our view remains that at the moment the markets are over optimistic around where we're headed with both [interest] rates and recession." -David Hunt, PGIM CEO "I think the traditional model that is investor built is now gonna be challenged a bit as you leverage AI to be able to find unique insights. So I think the asset managers that have the bigger and broader data set that they can apply AI to are gonna have an advantage." -Jenny Johnson, Franklin Templeton CEO "It's hard to argue that the world isn't heading towards a more carbon neutral state of being. So we want to be at the forefront of that to help clients figure out what's real, what's not real, who's actually doing things versus who's just saying they're doing things." -Jeff Solmon, TD Cowen President (Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance)
Yahoo FinanceWarren Buffett sticks with Bank of America as crisis rocks bank stocks
Warren Buffett gives a thumbs up on Bank of America stock even as Berkshire has pared back its investments in the financial sector in the last few years.
Yahoo FinanceHow Warren Buffett avoided damage from the current banking crisis
The Oracle of Omaha sold a large portion of Berkshire’s holdings in US banks between 2020 and 2022, some just months before the banking system upheaval that began in mid March.
Yahoo FinancePlummeting bank stocks test predictions that worst of the crisis is over
PacWest and other regional banks plunged overnight on a wave of new pessimism about the industry
Yahoo FinanceA fix for the banking bust is coming into view
Momentum is growing to enact unlimited deposit insurance, even among anti-bailout free marketeers.
Business WireCiti Raises Base Rate
NEW YORK, May 03, 2023--Citibank, N.A. said today it has raised its base lending rate to 8.25% from 8.00%, effective tomorrow, Thursday, May 4, 2023.
Yahoo FinanceFederal Reserve pushes interest rates above 5% for first time since 2007
The Federal Reserve's latest policy decision on Wednesday could mark the end of its rate hiking campaign, the most aggressive from the central bank since the 1980s.
Yahoo Finance VideoWarren Buffett: Here’s how to invest like the Berkshire Hathaway CEO
Warren Buffett, Berkshire Hathaway (BRK-A) CEO, is a legendary investor and business magnate who is widely regarded as one of the most successful investors in history. With a net worth of more than $100 billion, recent stock purchases over the last 15 years have helped Buffett’s wealth massively increase. So what exactly is his investment philosophy? It’s centered around the principle of value investing, which involves finding undervalued companies that focus on long-term earnings rather than short-term growth. In other words, rather than buying stocks, he buys businesses that have a competitive advantage. This approach has made him one of the most successful investors in history, and anyone can invest like him by following his strategies. Yahoo Finance's Josh Schafer zeroes in on the big companies Warren Buffett invests in, including Costco (COST) and Coca-Cola (KO), and breaks down why his investment strategy works, but also, can sometimes cause him to miss out on some big winners.
Yahoo Finance VideoRecession, debt ceiling, & real estate: top takeaways from Milken 2023
Debt ceiling worries, the trajectory of the global economy, and the health of commercial real estate are all major themes at the 2023 Milken Global Conference in Beverly Hills, CA. Yahoo Finance's Brian Sozzi breaks down what he's hearing from some of the world's top executives at this week's conference.
Business WireCitigroup Announces $1.5 Billion Redemption of Floating Rate Notes due 2024
NEW YORK, May 02, 2023--Citigroup Inc. is announcing the redemption, in whole, constituting $1,500,000,000 of its Floating Rate Notes due 2024 (the "notes") (ISIN: US172967LL34).
Yahoo FinancePacWest, Western Alliance crash as regional bank fears continue to shake markets
Their drops come one day after JPMorgan Chase purchased the bulk of First Republic, in a deal that was designed to restore stability to the banking system after two months of turmoil.
Yahoo Finance VideoCEOs weigh in on banking crisis
Yahoo Finance is at the Milken Institute Global Conference 2023 in Beverly Hills, CA. We spoke with top CEOs and executives, including Citi CEO Jane Fraser, and others, to discuss the state of the market, private equity, the outlook for regional banking, and more. As a result of the banking crisis, Apollo Global Management CEO Marc Rowan thinks that "people are going to have to figure out how to be good investors going forward." Citi CEO Jane Fraser sees investors starting to pay more attention to the banking crisis, and hopes "that will act as an impetus to get this resolved in a bipartisan way." Regarding the banking crisis, TD Cowen President Jeff Solomon believes that "this phase of any crisis is over." (Disclosure: Apollo is the parent company of Yahoo Finance.) Video highlights: 00:00:03 - Apollo Global Management (APO) CEO Marc Rowan 00:00:36 - Citi (C) CEO Jane Fraser 00:01:08 - TD (TD) Cowen President Jeff Solomon Special Coverage: Highlights, big interviews, and more from the Milken Institute Global Conference
Yahoo Finance VideoWe are probably heading for recession: Citi CEO
U.S. gross domestic product (GDP) rose at an annual rate of 1.1% in the first quarter of 2023. That is the third-straight quarter of growth for the U.S. economy. The technical definition of a recession is two straight quarters of negative GDP growth. So while the U.S. is not in recession now, market leaders are warning of the possibility that a recession is on the horizon. Citi (C) CEO Jane Fraser joined Yahoo Finance’s Brian Sozzi from the 2023 Milken Institute Global Conference. Fraser said she thinks the U.S. is heading for a recession in the back half of the year. “There is likely to be credit tightening,” Fraser said. “There's some stresses ahead, commercial real estate and the like, but this should be manageable.” You can watch the full interview here. Key Video Moments 00:00:12 How the current bank crisis isn't like 2008 financial crisis 00:00:53 On health of consumer 00:00:58 On possible recession and stresses ahead
Yahoo FinanceCiti CEO: The US banking system is strong and safe
Citi CEO Jane Fraser shares her analysis on the state of the banking industry in the wake of JPMorgan's deal for First Republic.
