C - Citigroup Inc.

NYSE - NYSE Delayed Price. Currency in USD
62.19
+0.81 (+1.32%)
At close: 4:00PM EST

61.94 -0.24 (-0.39%)
Pre-Market: 8:06AM EST

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Previous Close61.38
Open61.95
Bid61.66 x 1000
Ask61.70 x 1000
Day's Range61.24 - 62.82
52 Week Range48.42 - 80.70
Volume27,628,897
Avg. Volume21,965,912
Market Cap151.877B
Beta (3Y Monthly)1.70
PE Ratio (TTM)N/A
EPS (TTM)-2.51
Earnings DateApr 15, 2019
Forward Dividend & Yield1.80 (3.05%)
Ex-Dividend Date2018-11-02
1y Target Est76.38
Trade prices are not sourced from all markets
  • Goldman Sachs, Bank of America beat earning expectations
    Yahoo Finance Video18 hours ago

    Goldman Sachs, Bank of America beat earning expectations

    Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Cheung, Scott Gamm and Rafferty Capital Markets Chief Financial Strategist Dick Bove discuss.

  • Citigroup strives for gender equality in senior roles
    CNBC Videos1 hour ago

    Citigroup strives for gender equality in senior roles

    Citigroup announced its gender equality initiative after a report shows that its female employees make 29% less money than male employees.

  • Not too late to buy bank stocks: Cramer
    CNBC Videos13 hours ago

    Not too late to buy bank stocks: Cramer

    Jim Cramer says several top-tier bank stocks are still undervalued and encourages investors to buy in ahead of their inevitable rallies.

  • Trading operations stung banks in fourth quarter but dovish Fed fuels hope
    Reuters16 minutes ago

    Trading operations stung banks in fourth quarter but dovish Fed fuels hope

    Citigroup Inc, JPMorgan Chase & Co, Goldman Sachs Group Inc and Bank of America Corp all reported declines in fourth-quarter revenue from their key fixed income, commodity and currency trading arms, although overall results at most were cushioned by improving loan growth and net interest margins. The final months of 2018 were dominated by investor worries about slowing global growth and the U.S.-China trade dispute and were further aggravated by concerns that the Fed might be pushing interest rates too high. Credit spreads, the measure of additional compensation investors demand for owning riskier corporate securities over safer U.S. Treasuries, widened in the fourth quarter by the most in more than seven years both for investment-grade and high-yield, or junk, bonds, according to ICE BofAML index data.

  • ACCESSWIRE17 minutes ago

    Today's Research Reports on Trending Tickers: Bank of America and Citigroup

    NEW YORK, NY / ACCESSWIRE / January 17, 2019 / Despite concerns of a partial government shutdown, U.S. markets extended gains for the second consecutive session on Wednesday on strong earnings from Bank ...

  • Reuters33 minutes ago

    Analysis: Trading operations stung banks in fourth quarter but dovish Fed fuels hope

    Citigroup Inc, JPMorgan Chase & Co, Goldman Sachs Group Inc and Bank of America Corp all reported declines in fourth-quarter revenue from their key fixed income, commodity and currency trading arms, although overall results at most were cushioned by improving loan growth and net interest margins. The final months of 2018 were dominated by investor worries about slowing global growth and the U.S.-China trade dispute and were further aggravated by concerns that the Fed might be pushing interest rates too high. Credit spreads, the measure of additional compensation investors demand for owning riskier corporate securities over safer U.S. Treasuries, widened in the fourth quarter by the most in more than seven years both for investment-grade and high-yield, or junk, bonds, according to ICE BofAML index data.

  • Thomson Reuters StreetEvents10 hours ago

    Edited Transcript of C earnings conference call or presentation 14-Jan-19 3:00pm GMT

    Q4 2018 Citigroup Inc Earnings Call

  • It’s Official: Wall Street Topped $100 Billion in Profit
    Bloomberg16 hours ago

    It’s Official: Wall Street Topped $100 Billion in Profit

    Goldman Sachs Group Inc., JPMorgan Chase & Co. and their peers have already reported more than $111 billion of profit for 2018. Morgan Stanley will only make that number bigger when it releases its fourth-quarter results Thursday. JPMorgan and Bank of America Corp. both had record years, while Goldman Sachs and Citigroup Inc. had their biggest hauls since the financial crisis.

  • Goldman Apologizes, BofA Bullish On U.S.; Shares Soar As Earnings Beat
    Investor's Business Daily16 hours ago

    Goldman Apologizes, BofA Bullish On U.S.; Shares Soar As Earnings Beat

    Goldman Sachs and Bank of America beat Q4 earnings forecasts Wednesday after peers reported mixed results, sending shares higher.

  • Citi says female employees earn 29 percent less than men
    Reuters16 hours ago

    Citi says female employees earn 29 percent less than men

    The median pay for Citi's women employees globally was just 71 percent of the median for men, while that for minorities in the United States was 93 percent of the median for non-minorities, the company said, citing an internal analysis. Currently, more than half of Citi employees globally are women and over 45 percent of its U.S. workforce are minorities, the company said. "We know we need a comprehensive approach to our diversity initiatives to make the progress we want to see," Sara Wechter, head of human resources at Citi, wrote in a blog post http://citi.us/2De3pG8.

  • InvestorPlace17 hours ago

    Is Bank of America Stock’s Earnings Beat Worth 7%?

    Bank of America (NYSE:BAC) had a good fourth quarter and was richly rewarded for it. Net income of $7.3 billion, 70 cents per share, sent investors into raptures. BAC stock jumped $1.24 per share in pre-market trading, and have logged a gain of over 7% during the day, a $12 billion gain in market cap. JPMorgan Chase (NYSE:JPM), meanwhile, reported nearly the same net income, $7.06 billion, on $4.5 billion less revenue. Those shares barely budged. But is Bank of America really a better bank, or a bank that is just doing better? Its price-to-book remains below that of JPM, and its dividend yield remains almost 1 percentage point less than JPMorgan Chase's. InvestorPlace - Stock Market News, Stock Advice & Trading Tips There's a lesson for investors here, which is that, especially when it comes to bank stocks, the long-term matters more than the short term and success is always relative. ### Inside the BAC Stock Beat Bank of America's "beat" was only by 10% over estimates, with analysts having expected 63 cents per share, not the 70 cents the bank reported. * 10 Growth Stocks With the Future Written All Over Them In 2017, Bank of America took a big charge against earnings, preparing for the tax cut that came into effect last January. As a result, its profits for the fourth quarter of 2017 were just 20 cents per share. This helped make its 2018 earnings look better by comparison. Bank of America's biggest gains came in consumer banking, where revenue was up 10%. Loans jumped 5% and net interest margin rose to 2.48%. This more than offset problems at the investment bank, where trading revenue fell short of estimates, and fees fell 5%. Consumers, not trading and deal-making, were behind Bank of America's beat. That's great, so long as the consumer is in good shape, but with the impacts of the government shutdown forcing it Bank of America to roll out assistance programs to affected workers, this may not be true going forward. ### Why Own Bank Stocks The most important reasons to own big bank stocks are safety and income. Over the last year, Bank of America shares have lost almost 9% of their value, about the same as JPMorgan Chase. Both did much better than Citicorp (NYSE:C), down nearly 19%; Wells Fargo (NYSE:WFC), down 22%; and Goldman Sachs (NYSE:GS), down almost 24%, although the headlines on the latter three today are all positive after they beat lowered analyst estimates. Then there is income. Dividends can compensate for a lower stock price, if the fall in that price is temporary and the business remains sound. Citicorp offers a yield of 2.9%, but it has been the sickest of the big banks ever since the Great Recession. Wells Fargo yields 3.5% but, as previously noted, the stock's fall in the wake of continuing scandals has been sickening. Goldman Sachs, with a yield of just 1.6%, less than a government bond, barely registers. Bank of America is presently yielding 2.1%, but you'll get 3.1% on your investment in dividends from JPMorgan Chase, whose balance sheet is also the strongest in the industry. ### The Bottom Line When reading bank earnings, remember why you buy bank stocks. If you need an old song to get in the mood, go for it. Just remember that you're looking for security and income. Bank of America has become a more secure bank over the last decade. Please don't read any criticism of CEO Brian Moynihan into this. It has a Tier One capital ratio of 13.2%, just about as high as JPMorgan Chase, if less consistent. But Bank of America is depending far more on its consumer bank than JPMorgan Chase, and its yield remains much lower. It's getting better, but you want your holdings to be best. Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post Is Bank of America Stock's Earnings Beat Worth 7%? appeared first on InvestorPlace.

  • Federal Bank Holidays 2019: Is My Bank Open Today?
    Kiplinger18 hours ago

    Federal Bank Holidays 2019: Is My Bank Open Today?

    Find out if your bank is likely to be open in 2019 on New Year's Day, MLK Day, President's Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving or Christmas.

  • Why mortgage lending at Wells Fargo, Chase and Citi plunged
    MarketWatch19 hours ago

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    Mortgage lending at three of the country’s biggest banks has fallen off a cliff as customers pivot to online-only options and stop refinancing.

  • Can Banks' Fast Start In 2019 Hold Up? Or Is It A Trap?
    Investor's Business Daily20 hours ago

    Can Banks' Fast Start In 2019 Hold Up? Or Is It A Trap?

    Money-center stocks charged ahead Wednesday, but a question lingers: How much staying power can the stock indexes expect from the banks?

  • CNBC20 hours ago

    A top banker was about to be made CEO but his pay package was too big so the offer was yanked

    Andrea Orcel was named Santander's CEO in September after spending several years as UBS AG's top dealmaker. In leaving UBS, Orcel risked losing tens of millions of dollars in deferred compensation, which Santander decided it was unwilling to cover. Deferred compensation in the form of cash and stock has been Wall Street's go-to way to reward executives since regulators started cracking down on pay practices after the financial crisis.

  • Comerica (CMA) Q4 Earnings Beat Estimates, Revenues Increase
    Zacks21 hours ago

    Comerica (CMA) Q4 Earnings Beat Estimates, Revenues Increase

    Comerica (CMA) witnesses higher revenues and lower expenses in Q4 earnings. However, lower fee income was an undermining factor.

  • Reuters21 hours ago

    Citi says female employees earn 29 percent less than men

    The median pay for Citi's women employees globally was just 71 percent of the median for men, while that for minorities in the United States was 93 percent of the median for non-minorities, the company said, citing an internal analysis. Currently, more than half of Citi employees globally are women and over 45 percent of its U.S. workforce are minorities, the company said. "We know we need a comprehensive approach to our diversity initiatives to make the progress we want to see," Sara Wechter, head of human resources at Citi, wrote in a blog post.

  • Goldman Sachs Beats Q4 Estimates
    Market Realist22 hours ago

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  • BofA (BAC) Beats Q4 Earnings & Revenue Estimates, Costs Down
    Zacks22 hours ago

    BofA (BAC) Beats Q4 Earnings & Revenue Estimates, Costs Down

    Rise in interest rates, loan growth and lower credit costs support BofA's (BAC) Q4 earnings while weaknesses in trading and investment banking hurts to some extent.

  • Goldman (GS) Q4 Earnings Beat Estimates, Expenses Flare Up
    Zacks22 hours ago

    Goldman (GS) Q4 Earnings Beat Estimates, Expenses Flare Up

    Goldman Sachs' (GS) Q4 results reflect solid financial advisory revenues, partly offset by underwriting business and fixed income trading activities underperformance.

  • U.S. Bancorp (USB) Q4 Earnings Top Estimates, Revenues Rise
    Zacks22 hours ago

    U.S. Bancorp (USB) Q4 Earnings Top Estimates, Revenues Rise

    U.S. Bancorp's (USB) fourth-quarter 2018 results reflect easing margin pressure, along with solid growth in loan balances.

  • Is Europe Becoming a Continent in Perennial Crisis?
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  • PNC Financial (PNC) Q4 Earnings Lag Estimates, Revenues Up
    Zacks23 hours ago

    PNC Financial (PNC) Q4 Earnings Lag Estimates, Revenues Up

    PNC Financial (PNC) delivers negative earnings surprise of 1% in fourth-quarter 2018 on lower fee income.