C - Citigroup Inc.

NYSE - Nasdaq Real-time price. Currency in USD
77.72
+1.01 (+1.32%)
As of 12:36PM EST. Market open.
Stock chart is not supported by your current browser
Previous close76.71
Open77.21
Bid77.92 x 3200
Ask77.93 x 1300
Day's range76.78 - 78.13
52-week range60.05 - 83.11
Volume5,033,178
Avg. volume11,895,358
Market cap164.309B
Beta (5Y monthly)1.82
PE ratio (TTM)9.67
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield2.04 (2.60%)
Ex-dividend date30 Jan 2020
1y target estN/A
  • Zacks

    Stocks Plunge More Than 1.5% on Coronavirus Fears

    Stocks Plunge More Than 1.5% on Coronavirus Fears

  • Boeing Receives More Than $12 Billion of Orders for New Loan
    Bloomberg

    Boeing Receives More Than $12 Billion of Orders for New Loan

    (Bloomberg) -- Boeing Co. has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter.The deal may be finalized as soon as Monday, said one of the people who asked not to be named because the information is private. The size of the loan is still to be determined, another person said.The loan is expected to have a margin of 100 basis points over the London interbank offered rate and a ticking fee of 9 basis points, as previously reported by Bloomberg News. It will also have a 5 basis points upfront fee, the people said.Citigroup Inc. is leading the financing, which was initially marketed at a size of $10 billion with a two-year delayed-draw term loan structure with potential to grow.The extra commitments from lenders show a vote of confidence by banks in Boeing, one of the people said.CNBC reported earlier on Monday that Boeing had secured more than $12 billion in financing from more than a dozen banks, citing unidentified people familiar with the matter.A representative for Citi declined to comment. A spokesperson for Boeing didn’t immediately respond to a request for comment.\--With assistance from Julie Johnsson.To contact the reporters on this story: Paula Seligson in New York at pseligson@bloomberg.net;Jeannine Amodeo in New York at jamodeo3@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Nikolaj GammeltoftFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Citigroup, Capital City Bank, Heartland BancCorp, Eagle Bancorp Montana and Investors Bancorp
    Zacks

    The Zacks Analyst Blog Highlights: Citigroup, Capital City Bank, Heartland BancCorp, Eagle Bancorp Montana and Investors Bancorp

    The Zacks Analyst Blog Highlights: Citigroup, Capital City Bank, Heartland BancCorp, Eagle Bancorp Montana and Investors Bancorp

  • Reuters - UK Focus

    RPT-UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk

    Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle between the bloc and its departing member. Hopes were high that Prime Minister Boris Johnson would prioritise the financial sector -- Britain's largest export industry and biggest corporate tax generator -- in trade talks. Until now, financial firms running EU operations from Britain believed that technical assessments by EU banking, insurance and markets regulators would be enough judge UK rules 'equivalent' to those governing EU-based firms, granting them market access after December.

  • Here's What We Like About Citigroup Inc. (NYSE:C)'s Upcoming Dividend
    Simply Wall St.

    Here's What We Like About Citigroup Inc. (NYSE:C)'s Upcoming Dividend

    Citigroup Inc. (NYSE:C) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that investors that...

  • C or BAC: Which Is the Better Value Stock Right Now?
    Zacks

    C or BAC: Which Is the Better Value Stock Right Now?

    C vs. BAC: Which Stock Is the Better Value Option?

  • Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman
    Zacks

    Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman

    Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman

  • Reuters - UK Focus

    UK finance sector ready to wave Brexit white flag amid 'fish for finance' talk

    Britain's finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle between the bloc and its departing member. Hopes were high that Prime Minister Boris Johnson would prioritise the financial sector -- Britain's largest export industry and biggest corporate tax generator -- in trade talks. Until now, financial firms running EU operations from Britain believed that technical assessments by EU banking, insurance and markets regulators would be enough judge UK rules 'equivalent' to those governing EU-based firms, granting them market access after December.

  • For Investment Gurus, Banks Are the Winning Trade for 2020
    Zacks

    For Investment Gurus, Banks Are the Winning Trade for 2020

    From the steepening yield curve to noninterest expenses increasing at a slower rate than total assets, banks are poised to gain this year.

  • PayPal (PYPL) to Report Q4 Earnings: What's in the Offing?
    Zacks

    PayPal (PYPL) to Report Q4 Earnings: What's in the Offing?

    PayPal's (PYPL) fourth-quarter 2019 results are likely to reflect gains from portfolio strength.

  • RBA Inflation Target Set to Surface as Disasters Fuel Prices
    Bloomberg

    RBA Inflation Target Set to Surface as Disasters Fuel Prices

    (Bloomberg) -- Philip Lowe is on track to reach a milestone that has eluded him since taking the helm of Australia’s central bank 40 months ago: his inflation target. But given the circumstances, he’d doubtless prefer not to be.The combination of drought and wildfires that first parched and then scorched Australia’s east coast has left not only communities devastated, but crops incinerated and distribution networks in disarray. That’s set the scene for a spike in fruit and vegetables. Some of it will come through in the final quarter of 2019 -- with data due out Wednesday -- and the rest in the first quarter.“Apples will definitely have an issue,” reckons Peter, a 40-year veteran stall holder at Sydney’s Paddy’s Markets, who gave only his first name. The key growing regions in New South Wales were destroyed and prices are already up 50%-60%, he said, adding avocados have doubled in the past two weeks.“Farmers were focused on defending properties and protecting families rather than picking fruit,” he said, and roads were cut, halting transport in fire-ravaged areas.Australia’s inflation hasn’t reached the mid-point of the Reserve Bank’s 2%-3% target in more than half a decade as developed world price weakness infiltrated Down Under. A sharp rise in headline inflation would therefore shock markets, which are pricing in further RBA cuts this year.“We have seen before these extreme events can have a big impact on food prices,” said Michael Blythe, chief economist at Commonwealth Bank of Australia. He doesn’t expect the impact to be of the same magnitude as Cyclone Yasi’s 2011 crop destruction that sent banana prices shooting up 377%.But, Blythe notes, after a prolonged period of low inflation, “another 0.1 or 0.2 percentage point on top of what is now seen as normal has more shock value.”Australia’s quarterly inflation averaged 0.5% over the past decade, and adding Blythe’s numbers would bring CPI to 0.6%-0.7%. If Wednesday’s data records a number of 0.6% for the fourth quarter -- CBA’s forecast -- and then lifts to 0.7% in the current quarter, this would raise the annual rate to 2.5%, the midpoint of the RBA’s target.The median estimate of economists is that consumer prices advanced 0.6% in the final three months of 2019 from the prior quarter, and 1.7% from a year earlier.The RBA traditionally looks through short, sharp price increases.Australia’s labor market, meanwhile, remained strong through to the end of last year, with unemployment unexpectedly dropping in December. That’s the latest in a series of results that exceeded expectations as measured in Citigroup Inc.’s Economic Surprise Index.Yet there are factors pushing the other way, too.Intense competition for thrifty Australians’ cash among major supermarkets could see them opt to absorb price rises rather than pass them on.Then there’s improved data collection at the Australia Bureau of Statistics, which produces the inflation report. It’s now able to obtain a more granular view of food spending patterns using barcode data. This allows the bureau to capture the substitution that typically occurs when the price of one product increases sharply.For example, a banana price shock today would have a smaller impact on CPI than it did in 2011 as CPI weights would adjust to reflect the temporary change in purchasing patterns. Food and non-alcoholic beverages account for 15.75% of consumer price inflation, the second-largest component.“We utilize scanner data to effectively re-weight the products each quarter,” says Randal Markey, an official at the ABS. “The method we use captures substitution within expenditure classes, switching bananas for apples, but not across expenditure classes, e.g. switching bananas for broccoli.”Back at Paddy’s Markets, Peter, who has seen plenty of price shocks in his four decades, reckons rises in certain items like cauliflower, lettuce and avocados will prove short lived.“Australia is a vast country and it doesn’t take long before other regions that were unaffected can fill in the gaps,” he said.That suggests Governor Lowe shouldn’t get too attached to a stronger inflation reading. It’s unlikely to last.(Updates with economists’ estimates in ninth paragraph.)\--With assistance from Tomoko Sato.To contact the reporter on this story: Alexandra Veroude in Sydney at averoude4@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Michael Heath, Malcolm ScottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Q4 Results Show Improving Earnings Picture
    Zacks

    Q4 Results Show Improving Earnings Picture

    Q4 Results Show Improving Earnings Picture

  • M&A strong though Chinese buyers lacking: Citigroup's Kalvaria
    Reuters

    M&A strong though Chinese buyers lacking: Citigroup's Kalvaria

    Kalvaria also told the Reuters Global Markets Forum on Thursday that Citi's overall market share across advisory, syndicate lending, equity and debt origination rose in 2019, but attracting and retaining talent is challenging in the business. Question (Q) - Is geopolitical uncertainty keeping some corporate clients, who would otherwise be looking for deals or other financing, on the sidelines? Q - Many of Citigroup's competitors are going down market to look for growth since there is more competition for the biggest deals but fewer of them.

  • The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley and Goldman Sachs
    Zacks

    The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley and Goldman Sachs

    The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley and Goldman Sachs

  • Banking Earnings Mixed, ETFs Gain Moderately
    Zacks

    Banking Earnings Mixed, ETFs Gain Moderately

    Inside the fourth-quarter bank earnings releases and its impact on the financial ETFs.

  • Reuters - UK Focus

    INSIGHT-Mexico goes ghost as its oil hedge bill spirals

    MEXICO CITY/NEW YORK, Jan 23 (Reuters) - Mexico is playing a risky game of hide and seek with the oil market. To frustrate speculators and contain an annual bill of more than $1 billion, Mexico is going to new lengths to mask its attempts to insure its revenue from oil sales against falling prices - no mean feat for a hedging program known as Wall Street's biggest oil trade. Getting the hedge right is crucial for Mexico as it offers stability at a time the government is planning to boost social welfare and security spending, the economy is stagnating and the country's credit-worthiness is under intense scrutiny.

  • Palladium’s Fading Stockpiles Draw Warning of Prolonged Deficit
    Bloomberg

    Palladium’s Fading Stockpiles Draw Warning of Prolonged Deficit

    (Bloomberg) -- As palladium’s record-breaking rally makes guessing the size of stockpiles more important than ever, one thing at least is clear -- they’re getting a lot smaller.Inventories held by producers, investors and users have been key to feeding a market that’s faced supply deficits for the past eight years. While their size is largely a mystery, researcher Metals Focus estimates that stockpiles have almost halved in the past decade to equal about 14 months of demand.Palladium outperformed all major commodities in recent years as carmakers boosted usage in autocatalysts to meet stricter emissions rules. The speed at which prices surged to records this year prompted the market’s trade association to warn that low stockpiles and the unlikelihood of a quick supply response means that the tightness will probably last a while yet.“The level of stock in the market has been a recurring theme for some time and in all likelihood will continue to be an issue for a while,” John Metcalf, chairman of the London Platinum & Palladium Market, wrote in a letter to members seen by Bloomberg. “It is unclear whether there can be a swift solution to resolve the current tightness we are witnessing and indeed it seems possible it may be prolonged.”Metcalf said the latest rally is reminiscent of palladium’s charge from the late 1990s toward a then-record in 2001 amid concerns about slowing sales from key supplier Russia. What’s different this time round is that stockpiles are likely much lower now and there’s currently no delay in Russian exports.Palladium has jumped almost 30% so far in January to about $2,500 an ounce, extending a four-year rally.Exchange-traded fund holdings are the most visible number for stockpiled metal, but are just a fraction of total inventories that Metals Focus estimates at about 13 million ounces. ETF holdings have slumped about 80% since mid-2015, partly as investors lent out metal at lucrative rates.ETFs also wouldn’t be able to cover shortages in the long term. Holdings have fallen to about 613,000 ounces, not much more than the roughly 500,000-ounce supply deficit that top miner MMC Norilsk Nickel PJSC has projected for this year.The Russian producer has a palladium fund it uses to help meet customers’ demand and sold more than 1 million ounces from it between 2017 and 2018. In November, it said it would release 300,000 to 500,000 ounces from the fund in the mid term, but didn’t elaborate further on timing or the size of the hoard.While the possibility of renewed Russian stockpile sales and a pause in Chinese buying could cap the upside to prices in the very near term, any substantive pullback over the coming month could be a buying opportunity, according to Citigroup Inc.No one really knows the exact size of stockpiles, said Philip Newman, a founder of London-based Metals Focus. “The other problem is how much of that is being tightly held and not freely available to the market.”To contact the reporters on this story: Elena Mazneva in London at emazneva@bloomberg.net;Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Phoebe Sedgman, Alpana SarmaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Exclusive: Eurazeo hires banks for $2.2 billion sale of payments firm Planet - sources

    LONDON/FRANKFURT (Reuters) - European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros ($2.22 billion), three sources told Reuters. Eurazeo wants to launch an auction process in March as it seeks to capitalise on the rise of online shopping and mobile phone payments, two sources with knowledge of the matter said. Citi and Evercore won a contest in December to handle the sale, which comes just days after U.S. private equity firm Silver Lake agreed to merge Planet's rival Global Blue with Far Point - a vehicle set up by hedge fund Third Point and led by the former president of the New York Stock Exchange.

  • 3 Investing Facts About Required Minimum Distributions You Need to Know - January 22, 2020
    Zacks

    3 Investing Facts About Required Minimum Distributions You Need to Know - January 22, 2020

    Like the majority of investors, you're most likely working on a retirement portfolio that will provide a large enough nest egg to give you a comfortable retirement. Make sure you know all about what financial planners call the accumulation and distribution phases of retirement planning.

  • The Zacks Analyst Blog Highlights: Roche, Royal Dutch Shell, Citigroup, UnitedHealth and Costco Wholesale
    Zacks

    The Zacks Analyst Blog Highlights: Roche, Royal Dutch Shell, Citigroup, UnitedHealth and Costco Wholesale

    The Zacks Analyst Blog Highlights: Roche, Royal Dutch Shell, Citigroup, UnitedHealth and Costco Wholesale

  • Big Bank's Q4 Earnings Synopsis: Near-Term View Constructive
    Zacks

    Big Bank's Q4 Earnings Synopsis: Near-Term View Constructive

    Retail banking will continue to aid big banks since American consumers are in good shape.

  • Reuters - UK Focus

    RPT-British bank Lloyds plans cuts to FX business - sources

    Britain's Lloyds Banking Group plans to scale down its foreign exchange business by the end of the year, stung by low profitability and rising competition from its rivals, three sources familiar with the matter said. As part of a global strategic review announced in early 2018, Britain's biggest mortgage lender, which is widely seen as a bellwether for the UK economy, announced plans to focus more on its digital offering and the small- and medium-sized sector. About 10 jobs are "at risk", one ex-employee said, noting that Lloyds had already been trimming its foreign exchange team, especially on the corporate sales desk.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more