C - Citigroup Inc.
Pre-market:
| Previous close | 46.32 |
| Open | 46.36 |
| Bid | 45.87 x 1200 |
| Ask | 0.00 x 1000 |
| Day's range | 45.81 - 46.48 |
| 52-week range | 40.01 - 54.56 |
| Volume | |
| Avg. volume | 19,241,785 |
| Market cap | 90.018B |
| Beta (5Y monthly) | 1.56 |
| PE ratio (TTM) | 6.35 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 2.04 (4.41%) |
| Ex-dividend date | 28 Apr 2023 |
| 1y target est | N/A |
- Zacks
Citigroup (C) Stock Moves -0.17%: What You Should Know
Citigroup (C) closed at $46.24 in the latest trading session, marking a -0.17% move from the prior day.
- Zacks
The Zacks Analyst Blog Highlights JPMorgan, Bank of America, Citigroup and Wells Fargo
JPMorgan, Bank of America, Citigroup and Wells Fargo are part of the Zacks top Analyst Blog.
- Yahoo Finance
JPMorgan COO: 'There will be a recession at some point'
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
- Reuters
Citigroup CEO says Mexico IPO is best for shareholders, other sales going well
Citigroup Inc CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an initial public offering (IPO) was in the best interest of shareholders. "We acted decisively, we acted very swiftly and we said 'okay, we're gonna go down the IPO path,'" Fraser said in an investor conference in New York. Citi announced last week the sale process, which had dragged on for more than a year, had been scrapped.
- Zacks
FDIC-Insured Banks' Q1 Earnings Up on Higher NII, Two Banks Fail
Higher rates, decent loan demand and efforts to bolster fee income support FDIC-Insured banks' like JPM, BAC, C & WFC financials.
- Zacks
Zacks Industry Outlook Highlights JPMorgan Chase, Bank of America and Citigroup
JPMorgan Chase, Bank of America and Citigroup have been highlighted in this Industry Outlook article.
- Yahoo Finance
Goldman making 'targeted' job cuts amid 'pretty difficult' Wall Street slump
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
- Motley Fool
Despite the Crisis, Warren Buffett Has Stuck With These 2 Mega Bank Stocks
In the first quarter, Buffett's company Berkshire Hathaway sold some of its longtime bank holdings while sticking with others.
- Zacks
3 Major Regional Banks to Watch Amid Waning Loans, High Rates
A rise in funding costs due to higher rates, waning loan demand, weakening asset quality and recession risk will hurt Zacks Major Regional Banks' financials. Yet, industry players like JPM, BAC & C are worth watching on restructuring and digitization efforts.
- Reuters
Exclusive-Mexico mulls benefits of Banamex purchase, eyes synergies with state bank
Mexico is evaluating whether buying Citigroup Inc's Mexican consumer unit would help boost financial inclusion, potentially in combination with a state-run bank such as the Banco del Bienestar, a top finance ministry official said. U.S. lender Citigroup scrapped its sale of the Banamex unit last week and said it will instead list it, a surprise move coming amid talks to sell the business to Mexican billionaire German Larrea's conglomerate Grupo Mexico. "The Finance Minister has asked us to evaluate the different scenarios in which it might be beneficial for Mexico to acquire the bank," Deputy Finance Minister Gabriel Yorio told Reuters.
- Zacks
Citigroup (C) Stock Moves 0.22%: What You Should Know
Citigroup (C) closed at $44.70 in the latest trading session, marking a +0.22% move from the prior day.
- Zacks
Citigroup Inc. (C) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Citigroup (C). This makes it worthwhile to examine what the stock has in store.
- WSJ
How 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
- Financial Times
Citigroup: cheap or hopeless?
The banks’ low return on equity, stock market underperformance and low valuation made the point irrefutable, even if its leadership could not say it out loud. A year or so later Citi appointed a new chief executive, Jane Fraser, who has proceeded to initiate many of the changes discussed in my piece (I can’t claim she was inspired by my work, brilliant though it was. Most importantly, she set about divesting Citi of much of its global consumer banking franchise, which had no synergies with its best businesses, which are transaction banking, credit cards, and fixed-income markets.
- Motley Fool
Citigroup's Transformation Plan Takes a Disappointing Turn. Is the Investment Thesis Still Intact?
Since the beginning of 2021, Citigroup (NYSE: C) has been working on a multiyear plan to modernize and simplify the bank, focus on better-performing businesses, and ultimately boost returns, which management hopes will lead to a higher valuation and stock price. A key part of this plan had been selling the consumer, small business, and middle-market banking arm in Citigroup's Mexican subsidiary, Citibanamex, which has been a high-performing business. Citigroup has been divesting most of its international consumer banking franchises that lack adequate scale.
- Reuters
Mexico president eyes 'half' of Citi unit amid IPO plan
Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of its Mexican unit, known as Banamex, for an IPO, prompting Lopez Obrador to announce that the government could invest in the business and had up to $3 billion to do so. The president, who said the government had expected to earn around $2 billion in taxes from the estimated $7 billion sale of Banamex, returned on Friday to the possibility of taking a large stake alongside Mexican shareholders.
- Zacks
Citigroup (C) Plans Mexico Banamex IPO, To Resume Buybacks in Q2
Citigroup's (C) IPO of its Banamex business in Mexico is expected to occur in 2025. Share buybacks, paused due to sale uncertainty, will restart in Q2, albeit at moderate levels.
- Zacks
Bank of America (BAC) Plans to Remove 40 IB Positions in Asia
Bank of America (BAC) plans to eliminate nearly 40 positions in Asia's IB division as worsening macroeconomic conditions continue to hamper deal making in the region. The affected employees have been asked to apply for roles in other units.
- Zacks
HSBC, Citi, 3 Others Likely to be Fined for UK Bond Collusion
Citi (C), Deutsche Bank (DB), HSBC, Morgan Stanley (MS) and Royal Bank of Canada (RY) have allegedly conspired in chat rooms to swap sensitive information on UK bonds between 2009 and 2013.
- Motley Fool
Citigroup Plans Spin-out, IPO of Mexico-based Banamex
One way or another, Citigroup is ready to bid adiós to its Mexico-based Banamex unit. After an attempt to sell Banamex proved fruitless, Citigroup...
- Financial Times
Citigroup abandons long-planned sale of Banamex to pursue IPO
Citigroup has said it will spin off its Mexican retail bank through an initial public offering, abandoning a plan hatched early last year to sell the unit. The US lender plans to completely separate its Banamex division, which has 38,000 employees and is one of the largest consumer banking franchises in Mexico, by the middle of next year. The bank said an IPO of the unit was likely by the end of 2025.
- Yahoo Finance Video
Citi, 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.
- The Guardian
Major banks shared sensitive bonds information in online chats, CMA finds
Traders at five banks found to have discussed British government bond trading between 2009 and 2013
- Reuters
Citigroup scraps Mexico unit sale, will pursue IPO instead
Citigroup Inc scrapped a $7-billion sale of its Mexican consumer unit and will list it instead, in a surprise move that delays the bank's overhaul and will likely feed into investor anxiety about the country's leftist president. Citi said it plans to list the business, called Banamex, in 2025 and resume a "modest level of share buybacks" this quarter. The bank is considering a dual stock listing, possibly in Mexico City and New York, for the unit, two sources familiar with the matter said.
