75.25 -0.08 (-0.11%)
After hours: 7:23PM EST
|Bid||75.10 x 4000|
|Ask||75.50 x 4000|
|Day's Range||75.08 - 75.92|
|52 Week Range||48.42 - 76.28|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||9.99|
|Forward Dividend & Yield||2.04 (2.69%)|
|1y Target Est||N/A|
Citi Private Bank today released its Outlook report for 2020, titled, "Staying Positive in a Negative (Yielding) World." The twice-yearly publication provides in-depth insights into the global economy and financial markets for the coming year, and highlights important multi-year investment themes for client portfolios.
Citi (NYSE:C) has appointed electronic trading platform provider Rapid Addition as one of its core FIX platform partners for currency trading, based on the company’s latency performance and scalability to meet business requirements. Citi has integrated the Rapid Addition FIX engine, as well as the Rapid Addition Hub platform, in to its new pricing technology for spot foreign exchange transactions, which clients can connect to in co-locations across London, Tokyo, New York, and Singapore. The Rapid Addition FIX engine delivers market-leading speed for low latency trading, while the Rapid Addition Hub platform delivers scalability in client on-boarding and configuration.
Citigroup Inc. is announcing the redemption, in whole, constituting $1,500,000,000 of its 2.450% Notes due 2020 , and the redemption, in whole, constituting $1,000,000,000 in aggregate principal amount, of its Floating Rate Notes due 2020 .
Citi has been named the World’s Best Digital Bank by Global Finance Magazine for the 18th consecutive year. As the World’s Best Digital Bank, Citi was selected from nearly 300 banks globally, that were assessed against a wide range of criteria focused on strategy, features and functionality in the online and mobile channels.
Citi has launched a new cross-border platform to help its multinational clients manage the complexities in collecting cross border business-to-business payments, by digitizing the transaction process and embedding FX capabilities.
Citibank announced today that it is introducing Citi Elevate Checking, a digital high-yield checking account that offers unlimited ATM reimbursements nationwide while paying interest up to 1% for U.S. customers residing outside of the bank’s physical branch footprint. The launch of Citi Elevate Checking is the natural next step in the U.S. Consumer Bank’s strategy to deliver a truly client-centric relationship and drive national scale in Retail Banking by leveraging new digital capabilities for its existing cards customer base and consumers nationwide with the support of the largest fee-free ATM network in the country. “With ATM fees climbing to record levels, we saw an opportunity to provide customers with two very useful benefits – no ATM fees and an interest rate that’s up to 12 times the national average,” said Harp Rana, Head of U.S. Deposit Products, Citibank.
Citi’s annual e for education campaign has raised $8.15 million to support education focused non-profits. Since its inception in 2013, the global philanthropic initiative has raised over $37 million to help tackle childhood illiteracy and improve access to quality education. This year, Citi expanded the campaign to include a broader range of electronically traded products.
Citi has launched a Regulatory Initial Margin Calculation Service, a solution for buy-side firms required to post initial margin under the Uncleared Margin Rules (UMR). In order to comply with the regulations, many firms that didn’t have to post initial margin before will have to establish new collateral management capabilities, including the ability to calculate initial margin. Citi’s Regulatory Initial Margin Calculation Service helps firms as they progress from needing to estimate their future initial margin levels before the deadlines, to monitoring initial margin levels once the thresholds take effect, to operating full daily initial margin calculation and reconciliation.
Citi announced today that it has entered into a mentor-protégé partnership with Roberts & Ryan Investments, Inc., a service-disabled veteran-owned (SDVO) institutional broker dealer. Through this partnership, Citi will provide mentorship to Roberts & Ryan across several product and service areas, and offer training to enhance their firm’s operations and compliance, as well as consultation on business and organizational management. Roberts & Ryan provides a full suite of offerings in equities and fixed income, including underwriting and trading of corporate, municipal, and agency mortgage debt, as well as equity agency trade execution, stock buybacks and equity underwriting.
Mark Mason, Chief Financial Officer of Citigroup, will present at the Goldman Sachs US Financial Services Conference 2019 on Tuesday, December 10, 2019. The presentation is expected to begin at approximately 2:50pm .
Citi has launched a new analytics framework and data visualisation tool that measures the performance of a currency hedged share class versus the performance of the base currency share class, and attributes any deviation in performance to its various sources. The performance attribution tool is the latest enhancement to Citi’s passive currency overlay services and can be accessed via Citi Velocity, the firm’s online client portal.
In a sign of its ongoing commitment to the UK market, Citi has appointed Bill Stanton as head of its UK Commercial Banking business. Reporting to Raymond Gatcliffe, EMEA Head of Citi Commercial Bank (CCB), Bill will be responsible for leading the UK franchise, serving the mid-market corporate segment across a number of industries.
Citi Private Bank has been crowned Best Global Private Bank at the PWM/The Banker Global Private Banking Awards 2019, retaining the top honour for the second year running. In addition, the bank was also named Best Private Bank for Customer Service, as well as Best Bank for Global Families and Family Offices.
Citi today released the disclosures required by the rules of the Federal Reserve Board in connection with Citi's 2019 Mid-Cycle Stress Test. This information may be found on Citi's website at www.citigroup.com/citi/investor.
Today, Citi Community Development, the NYC Mayor’s Office for People with Disabilities, and municipal leaders from Boston, Chicago, Los Angeles and San Francisco announced the expansion of Empowered Cities, a landmark initiative launched in 2017 to advance financial inclusion and economic opportunity for lower-income people with disabilities. Citi’s $2 million, multi-city commitment will expand the initiative’s existing focus to include housing and employment for financially vulnerable households in the disability community, building on the partnership with National Disability Institute (NDI) focused on financial capability.
Citi’s Treasury and Trade Solutions announced today that it is entering into additional partnerships to support the development of its forthcoming consumer payments offering for institutional clients -- Spring by CitiSM.
A $3.5 million grant by the Citi Foundation’s Pathways to Progress initiative will provide refugees and vulnerable young people in Greece, Jordan, Nigeria, Cameroon, Lebanon and Germany with business training and start-up grants. THE IRC AND CITI FOUNDATION RENEW THEIR PARTNERSHIP TO SUPPORT YOUNG PEOPLE WHO HAVE FLED CRISIS.
To that end, I have asked Jane Fraser to serve as President of Citi, a role that has been open since earlier this year. Stephen Bird has informed me of his decision to leave Citi to pursue an opportunity outside our firm, so Jane will also become CEO of Global Consumer Banking.
Citi Inclusive Finance, the Overseas Private Investment Corporation (OPIC) and the Ford Foundation today introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets. Loans and working capital in local currency and at affordable rates can enable early-stage social impact companies to achieve scale, greater efficiencies and lower costs. Scaling Enterprise will facilitate vital growth financing to eligible companies that are expanding access to finance, agriculture, energy, affordable housing, water and sanitation to low-income households in emerging markets.
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.51 per share, payable on November 22, 2019 to stockholders of record on November 4, 2019.
Citi, acting through Citibank N.A., has been appointed by Innate Pharma S.A – a commercial stage oncology-focused biotech company – to act as depositary bank for its American Depositary Receipt programme.
Anand Selva, Head of U.S. Consumer Banking, will present at the Bank of America Merrill Lynch Future of Financials 2019 Conference on Tuesday, November 5, 2019. The presentation will begin at approximately 4:10pm .