Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions. The Markets segment offers sales and trading services for equities, foreign exchange, rates, spread products, and commodities to corporate, institutional, and public sector clients; and market-making services, including asset classes, risk management solutions, financing, prime brokerage, research, securities clearing, and settlement. The banking segment includes investment banking; advisory services related to mergers and acquisitions, divestitures, restructurings, and corporate defense activities; and corporate lending, which includes corporate and commercial banking. The U.S. Personal Banking segment provides co-branded cards and retail banking services. The Wealth segment provides financial services to high-net-worth clients through banking, lending, mortgages, investment, custody, and trust product offerings; and to professional industries, including law firms, consulting groups, accounting, and asset management. The company was founded in 1812 and is headquartered in New York, New York.
Based on short-term price targets offered by 21 analysts, the average price target for Citigroup comes to $70.60. The forecasts range from a low of $60.00 to a high of $87.00. The average price target represents an increase of 14.65% from the last closing price of $61.58.
Based on short-term price targets offered by 21 analysts, the average price target for Citigroup comes to $70.60. The forecasts range from a low of $60.00 to a high of $87.00. The average price target represents an increase of 14.65% from the last closing price of $61.58.
Citigroup currently has an average brokerage recommendation (ABR) of 1.91, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 23 brokerage firms. An ABR of 1.91 approximates between Strong Buy and Buy.
What was the 52-week low for Citigroup stock? The low in the last 52 weeks of Citigroup stock was 38.18. According to the current price, Citigroup is 163.96% away from the 52-week low.
Our Citibank review gives the bank 4.2 out of 5 stars overall because while it has cut some fees, the rates on its deposit accounts are generally low. Myriam is a personal finance writer based in Brooklyn, New York. The foundation of her financial knowledge comes from developing financial plans for over 100 clients.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Berkshire Hathaway Inc, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Price T Rowe Associates Inc /md/, Bank of New York Mellon Corp, and ...
Citigroup was the go-to example of “too big to fail” after the 2008 financial crisis. Its near collapse and government rescue required Citi executives to slim down its massive balance sheet, sell off businesses it no longer needed and exit financial markets that it couldn't have a dominant position in.
Fitch Ratings - New York - 28 Aug 2024: Fitch Ratings has affirmed Citigroup, Inc.'s (Citi) Long- and Short-Term Issuer Default Ratings (IDR) at 'A' and 'F1', respectively, and has affirmed Citi's Viability Rating (VR) at 'a'. The Rating Outlook is Stable.
Citigroup Inc completed its 1-for-10 reverse stock split on May 6, 2011 automatically combining every ten shares of outstanding Citigroup common stock into one share of common stock without any change in the par value per share.
Total debt on the balance sheet as of June 2024 : $319.01 B
According to Citigroup's latest financial reports the company's total debt is $319.01 B. A company's total debt is the sum of all current and non-current debts.
The 52-week high and low can be useful for several trading strategies. For example, when the price manages to rise above the 52-week high, then it might signal a breakout, prompting the traders to buy. Similarly, if the price falls below the 52-week low, it could indicate an opportunity to sell.
The 52-week high/low is based on the daily closing price for the security. Typically, the 52-week high represents a resistance level, while the 52-week low is a support level that traders can use to trigger trading decisions.
At Citi Wealth, we were more optimistic than many entering this year, particularly those forecasting recession. However, the renewed expansion has gathered pace even sooner than we might have expected. We now forecast global growth of 2.6% for this year as a whole and 2.8% in 2025.
The average price target for Citi Trends is $27.50. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $35.00 ,the lowest forecast is $20.00. The average price target represents 73.83% Increase from the current price of $15.82.
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