Citigroup
C

$65.18

1.37%

Market Cap: 124B

About: Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

Employees: 239,000

Financials National Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 24 analysts

0

News positive %

of 94 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

59% more first-time investments, than exits

New positions opened: 218 | Existing positions closed: 137

22% more capital invested

Capital invested by funds: $70.6B [Q4 2023] → $86.1B (+$15.5B) [Q1 2024]

5% more funds holding

Funds holding: 1,627 [Q4 2023] → 1,708 (+81) [Q1 2024]

4% more funds holding in top 10

Funds holding in top 10: 56 [Q4 2023] → 58 (+2) [Q1 2024]

8% more repeat investments, than reductions

Existing positions increased: 667 | Existing positions reduced: 619

0.14% less ownership

Funds ownership: 71.47% [Q4 2023] → 71.34% (-0.14%) [Q1 2024]

2% less call options, than puts

Call options by funds: $6.76B | Put options by funds: $6.9B

See Fund Rankings

Research analyst outlook

24 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$62

5%

downside

Avg. target

$73

11%

upside

High target

$95

46%

upside

24 analyst ratings

19 positive

79%

5 neutral

21%

0 negative

0%

BMO Capital James Fotheringham	3%upside $67	Market Perform Maintained	15 Jul 2024
Argus Research Stephen Biggar	10%upside $72	Buy Maintained	15 Jul 2024
Oppenheimer Chris Kotowski	32%upside $86	Outperform Maintained	15 Jul 2024
Piper Sandler Scott Siefers	12%upside $73	Overweight Reiterated	15 Jul 2024
Morgan Stanley Betsy Graseck	1%upside $66	Overweight Maintained	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 94 articles about C published over the past 30 days

Citigroup: Still Cheap, Despite The Recent Rally, Maintain Buy

C has charted an impressive recovery since the March 2023 US Bank meltdown in March 2023, well outperforming the wider market. This is on top of the promising restructuring and transformation efforts, with early results already observed in the recent FQ2'24 earnings call. As a result, we believe that the market has overreacted to the management's commentary about the FY2024 expenses at the higher end of guidance.

Citigroup: Still Cheap, Despite The Recent Rally, Maintain Buy

Bloomberg Markets and Finance

Digging Into Boutique Bank Earnings

Evercore Inc. reported record revenue as dealmaking led to a surge in advisory fees. Matthew Monks takes a deep dive into the sector on "Wall Street Beat" on "Bloomberg Open Interest.

Digging Into Boutique Bank Earnings

IPO Window Cracks Open, Scouting Potential Second-Half Go-Public Stories

With mixed Q2 bank earnings under our belt, there's a better sense of how capital markets may unfold over the second half of the year. Unavoidable is the topic of the upcoming US general election. It's possible that after two years of generally tight financial conditions and banks that have been focused on avoiding significant risks, there's a flood of young companies seeking to exit via the IPO process.

IPO Window Cracks Open, Scouting Potential Second-Half Go-Public Stories

Zacks Investment Research

4 Stocks That Recently Hiked Dividends in Focus

Cintas Corporation (CTAS), Citigroup Inc. (C), Community Financial System, Inc. (CBU) and Bank First Corporation (BFC) recently hiked their dividends.

4 Stocks That Recently Hiked Dividends in Focus

Zacks Investment Research

Citigroup Inc. (C) is Attracting Investor Attention: Here is What You Should Know

Citigroup (C) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Citigroup Inc. (C) is Attracting Investor Attention: Here is What You Should Know

Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump

While we think tech stocks will return to the front of the pack before long, we think bank stocks may fare better than many over the rest of the year,' says Capital Economics

Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump

Schaeffers Research

3 Bank Stocks Pulling Back from 2-Year Highs

Bank stocks just kicked off another earnings season , making way for giants in other industries to announce their quarterly results.

3 Bank Stocks Pulling Back from 2-Year Highs

24/7 Wall Street

6 Trump Trade Passive Income Dividend Stocks That Could Explode Higher

24/7 Insights With the Democrat Convention right around the corner, the field for November is almost set.

6 Trump Trade Passive Income Dividend Stocks That Could Explode Higher

Citigroup faces amended lawsuit over alleged risk management deception

Former Citigroup managing director Kathleen Martin has filed an amended lawsuit against the bank, alleging intentional deception by its Chief Operating Officer, Anand Selva. Martin claims she was dismissed for refusing to mislead a federal regulator about the bank's risk management practices.

Citigroup faces amended lawsuit over alleged risk management deception

Citigroup: Strong Performance Points To Sustained Upside Momentum

Citigroup beats Q2 estimates with revenue and earnings exceeding analyst expectations, driven by strong performance in Markets and Investment Banking. Despite concerns about higher costs for FY 2024, Citigroup's outlook remains strong, with FY EPS likely expanding to $6.05 and ROCE to >10%. Following the earnings beat, the fair implied share price for Citigroup is calculated at $92, leading to a strong "Buy" rating.

Citigroup: Strong Performance Points To Sustained Upside Momentum

See News Rankings