C - Citigroup Inc.
| Previous Close | 64.32 |
| Open | 64.63 |
| Bid | 0.00 x 1200 |
| Ask | 0.00 x 2200 |
| Day's Range | 63.84 - 65.14 |
| 52 Week Range | 48.42 - 77.88 |
| Volume | 14,003,814 |
| Avg. Volume | 20,531,175 |
| Market Cap | 151.916B |
| Beta (3Y Monthly) | 1.77 |
| PE Ratio (TTM) | 9.59 |
| EPS (TTM) | 6.69 |
| Earnings Date | Apr 15, 2019 |
| Forward Dividend & Yield | 1.80 (2.80%) |
| Ex-Dividend Date | 2019-02-01 |
| 1y Target Est | 76.81 |
- GuruFocus.com•yesterday
Citigroup Inc (C) Files 10-K for the Fiscal Year Ended on December 31, 2018
Citigroup Inc is a financial-services company with business spanning more than 100 countries. The dividend yield of Citigroup Inc stocks is 2.63%. Warning! GuruFocus has detected 1 Warning Sign with C. Click here to check it out.
- Benzinga•yesterday
Jefferies Upgrades Citi To Buy, Sounds Optimistic Note On Latin American Business
Citigroup, Inc. (NYSE: C ) has been a major market laggard over the past year, but one Wall Street analyst said Friday that Citi’s business will be turning the corner in 2019. The Analyst Jefferies analyst ...
- Barrons.com•yesterday
Citigroup Stock Gets an Upgrade but Shares Drop
Jefferies now rates the bank Buy on expectations for revenue growth, cost containment, and the return of cash to shareholders
- Investing.com•2 days ago
Oil Notches Weekly Gain; Record U.S. Output Threatens OPEC Cuts
By Barani Krishnan
- TheStreet.com•2 days ago
Citigroup Shares Get Bump From Jefferies Upgrade
rose in premarket trading Friday after receiving an upgrade recommendation from a Jefferies analyst, who cited strong growth in the bank's U.S. credit card portfolio as well as in its Latin American operations. In a research note to clients, Jefferies analyst Kenneth Usdin said he was upgrading Citigroup's stock to buy from hold thanks to positive results stemming from its revenue-boosting efforts this year, as well growth in its Latin America business. Specifically, Usdin said he expects the bank will see improving revenue growth in U.S.-branded credit cards "as customer mix improves and past headwinds abate." What's more, "after a few years of heavy investments" the firm's Mexican banking operations will deliver better returns.
- Business Wire•2 days ago
Citi Wins Fund Administration and Custody Mandate from Pacific Asset Management
Citi has been selected by Pacific Asset Management , the asset management arm of the Pacific Investments Group, to provide full fund administration and custody services for its Dublin-registered UCITS funds.
- Zacks•2 days ago
Philadelphia Sues 7 Big Banks Over 'Muni' Bond Collusion
Big banks continue to face legal actions for their past business mishandlings. The city of Philadelphia accuses seven major banks of colluding over municipal bonds.
- CNBC•2 days ago
Citigroup upgraded by Jefferies, citing Latin America growth
Jefferies says Citigroup is headed toward revenue growth this year. The bank will also reap added benefits from growth in Citi's Latin America business, Jefferies says. Jefferies has a $73 price target on Citi's stock.
- Moody's•2 days ago
Citigroup Capital III -- Moody's upgrades Citigroup to A3 from Baa1, outlook stable
Rating Action: Moody's upgrades Citigroup to A3 from Baa1, outlook stable. Global Credit Research- 21 Feb 2019. New York, February 21, 2019-- Moody's Investors Service has upgraded the ratings for long-term ...
- Investing.com•2 days ago
Stocks - Kraft Tumbles in Premarket, Tesla, Apple, Zillow Gain, Dropbox Sinks
Investing.com - Stocks in focus in premarket trade Friday:
Reuters•2 days agoPhiladelphia sues seven big banks, alleges municipal bond collusion
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of secretly manipulating rates for tax-exempt bonds known as VRDOs, or variable-rate demand obligations.
- American City Business Journals•2 days ago
Philadelphia sues seven big banks, alleges collusion in municipal bond work
The antitrust lawsuit accused Bank of America Corp., Barclays, Citigroup, Goldman Sachs Group, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co. of secretly manipulating rates for tax-exempt bonds.
- Bloomberg•2 days ago
Citi in Talks With Treasury Over $1.1 Billion Maduro Gold Deal
“The one thing, no banker, global or financial institution is going to do is run the risk of secondary sanctions,” Rubio, who’s been helping drive the U.S. push to oust Maduro, said in a telephone interview late Wednesday.
- Reuters•3 days ago
Saudi Alhokair's mall business seeks $1 bln from IPO - sources
Shopping malls operator Arabian Centres Company, owned by Fawaz Alhokair Group, is seeking $1 billion from a public share listing in the second quarter, sources told Reuters. Arabian Centres, which has applied for an initial public offering with the Capital Market Authority, is looking to sell a 30 percent stake to investors on Riyadh's stock exchange, the Tadawul, sources told Reuters in January. Goldman Sachs and EFG Hermes have been appointed as bookrunners and Credit Suisse and Citigroup, may also join, two sources who declined to be named due to commercial sensitivities said on Thursday.
Yahoo Finance•3 days agoNew study argues US bank CEOs make too much money
A new report argues that U.S. bank CEO pay has grown faster than the banks themselves, and makes the case that European bank CEOs are more fairly compensated.
- Business Wire•3 days ago
Citi Appointed as Depositary Bank for Stealth BioTherapeutics’ ADR Programme
Citi, acting through Citibank N.A., has been appointed by Stealth BioTherapeutics Corp. as depositary bank for its American Depositary Receipt programme. Stealth’s ADRs trade on the Nasdaq Global Market under the symbol “MITO.” Each ADR represents 12 ordinary shares of Stealth.
- Zacks•3 days ago
Citigroup (C) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Citigroup (C) closed at $64.64, marking a +0.4% move from the previous day.
- Bloomberg•3 days ago
Oil Edges Up After Report Shows Smaller-Than-Expected Crude Rise
Futures rose from the settlement in New York on Wednesday after the American Petroleum Institute was said to report domestic gasoline inventories dropped 1.55 million barrels last week, while distillate stocks fell 758,000 barrels. Crude stockpiles rose 1.26 million barrels, below the increase of 3.1 million barrels that analysts in a Bloomberg survey expect.
- MarketWatch•4 days ago
10 most popular stocks among hedge funds
Hedge funds that slashed their exposure to equities in the fourth quarter include those run by billionaires David Tepper (Appaloosa Management) and Dan Loeb (Third Point). Tepper’s fund sold off 18 positions in the fourth quarter, including stakes in Alibaba (BABA) and Apple (AAPL) while opening just four new ones.
Yahoo Finance•4 days agoJPM Coin calls attention to the great blockchain arms race
JPM Coin made waves in the banking industry, but the largest banks have already been in an arms race to build the next big blockchain tech that can revolutionize payments.
- The Wall Street Journal•4 days ago
[$$] Citigroup Gives CEO 4% Pay Raise to $24 Million
Citigroup Inc. Chief Executive Michael Corbat received a compensation package valued at $24 million in 2018, a 4% raise from the $23 million he earned in the prior year, according to a securities filing Friday. The rest of his pay package is made up of about $7.88 million in equity awards and a long-term performance-based pay worth $7.88 million. In determining Mr. Corbat’s pay, Citi said it considered the steady progress it made in 2018 toward reaching its financial goals.
- InvestorPlace•4 days ago
The 10 Best Cheap Stocks to Buy Right Now
With the market up 18% since the late-December low, the argument that stocks -- at least some stocks -- are back to being overvalued and overbought holds at least a little water. Others argue that the rebound rally has only just begun, and valuation isn't yet a problem.The truth is, as usual, somewhere in the middle of the two extremes.For a surprising number of names, however, it's a debate that's largely irrelevant. Some stocks are simply (still) too cheap to overlook, poised to make gains whether or not the broad market's tide helps out in the foreseeable future. For deeply undervalued equities in anything but a wildly bearish environment, the bigger risk is being on the sidelines rather than in a position.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Financial Stocks With Accelerating Growth To that end, here's a rundown of 10 of the market's best cheap stocks to buy right now. In some cases the per-share price is just oddly low. In other cases, prices compared to earnings are well into single-digit territories. In most cases, both qualities apply. In no particular order…Source: NASA Blueshift via Flickr CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may have missed last quarter's revenue and earnings estimates, but shares rallied following the Q4 report anyway because the television giant improved in a big way where it needed to the most … streaming. By 2022, it should have 25 million streaming customers in tow.It's only a sign of the current paradigm shift in how video is delivered to consumers. It's also the reason we've seen a frenzy of M&A within the film and TV arena, the most notable of which is the Walt Disney (NYSE:DIS) acquisition of Twenty-First Century Fox (NASDAQ:FOXA). CBS has also jockeyed to acquire Viacom (NASDAQ:VIAB).With CBS stock priced at only 7.7 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry.Source: Karen Neoh via Flickr Air Lease (AL)Air Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags.Take a closer look at all the data, though, and matters aren't as dire as they may seem. While global economic growth may be running into a near-tern headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand. In November of last year, and for the 12 months ending then, enplanements and total miles flown once again reached record levels. Boeing (NYSE:BA) believes that between now and 2037, the world's airlines will take delivery of more than 42,000 new aircraft. * 10 Hot Stocks Leading the Market's Blitz Higher Given that trend and outlook, Air Lease is undervalued at its trailing P/E of just above 5. Micron Technology (MU)Add Micron Technology (NASDAQ:MU) to a list of cheap stocks to buy before it's no longer cheap.It's not an easy idea for some investors to get behind. The ramp-up of computer memory production has created a price-cutting glut, and it took a toll on Micron's most recently-reported quarter's bottom line. The previous quarter's gross margins of 59% were further projected to slip to between 50% and 53%, versus estimates of 55%.This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power. Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already decided to slow their DRAM expansion plans, and Micron has vowed to cut capital expenditures by more than $1 billion this year. It could take a while for tempered production to restore DRAM prices, but trading at only 6.5 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before.Source: Shutterstock Citigroup (C)Citigroup (NYSE:C), like most bank stocks, had a rough 2018, and though it has bounced this year, the 2019 rally to-date has been subpar. The stock is trading at a trailing P/E of 9.6, and a forward-looking earnings multiple of 7.5 … cheap even by current banking stock standards, which have been abnormally low.The reason for the mismatched price and forecasted earnings is understandable enough. That is, enough investors are convinced interest rates are going to become just a little too high against a backdrop of just a little too much economic weakness. The concern is largely manifested in the flattening yield curve, which is particularly problematic for banks. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited.Source: Flickr NCR Corporation (NCR)You may know the company better as National Cash Register Corporation, even though it changed its name years ago to NCR Corporation (NYSE:NCR). The less-limiting moniker reflect the fact that point-of-sale devices are now much more than a means of completing a sale. Since then, the company has expanded into areas like ATM machines, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable the market isn't giving the new NCR enough credit. Shares are priced at only 8.8 times this year's projected profits.That might have something to do with the fact that outfits like Square (NYSE:SQ) and Paypal (NASDAQ:PYPL) are encroaching in NCR's turf. It's a legitimate concern too. There's a huge subset of companies, however, that will prefer to do business with a long-established name like NCR.Source: Oleg Zaytsev via Flickr Timken (TKR)Timken (NYSE:TKR) is anything but a household name. The company makes ball bearings and industrial transmissions to supply mechanical power where it's needed in a manufacturing environment.It's anything but a riveting (pun fully intended) business. But, it's a business that's starting to grow in earnest again as America's industrial engine revs. After rolling over in 2015 as the nation started to fully transition to a service-oriented economy, the United States began making more goods again in 2016. It's never looked back. * 9 U.S. Stocks That Are Coming to Life Again The paradigm shift has proven to be a boon for Timken, which has grown revenue at a double-digit pace since early 2017. Better still, the new revenue trend has set the stage for earnings growth this year that translates into a projected P/E of only 8.2. General Motors (GM)There's no denying General Motors (NYSE:GM) ran into a headwind three years ago, when "peak auto" became a reality. Though a victim of its own rampant success -- subsequent comparisons have all looked lackluster -- investors tend to only care about how current results stack up against the recent past.Those investors, however, may be unfairly harsh with their treatment of GM stock and its peers. While it remains unclear when we'll see another automobile purchase growth cycle again, General Motors is still a solid cash cow, yielding 3.9% while it sports a dirt cheap trailing P/E of 7.2.Regardless, the car maker continues to impress regardless of the stock's valuation. Nicolas Chahine commented earlier this month "The 2018 barrage of tariff headlines made GM stock a tough trade as it fell sharply off its January 2018 highs. This year so far it has been the total opposite. GM management clearly gave Wall Street reason to rejoice and buy the stock and investors ate it up. This morning, they backed up their claim…"Source: Flickr Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name -- most investors probably haven't heard of it. The company makes communications equipment and industrial lasers, and has a big presence in the fiber optic industry.There has never been a time when the world has needed such high-speed connectivity. As more and more wireless devices compete for a finite amount of radio frequency bandwidth, middlemen are looking for easier and faster ways to offload some of that traffic to physical infrastructure. Fiber optic lines are more than up to the task. * Buy These 5 Stocks to Play the Megatrend of the Century The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 9.4 despite this year's expected revenue growth of 28% and next year's 27%. As time passes though, Lumentum's role in the future of telecom will become clearer.Source: Shutterstock Terex (TEX)Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyers to cranes, Terex has solutions for almost any industrial application.That diversity hasn't helped revenue in a while, with the top line peaking in 2014. The stock has been hit-and-miss since then … more misses than hits.The doubters may have overshot their pessimism though, sending TEX stock to a forward-looking P/E of 10.5 following what should be nearly 17% revenue growth for 2018. While sales growth is expected to slow this year, the company more often than not topped sales and earnings estimates in 2018. It may hold a few pleasant surprises in store this year. Capital One (COF)Last but not least, add credit card company Capital One Financial (NYSE:COF) to your list of cheap stocks to consider here.Like Citigroup, Air Lease and others, investors have been fearful that a slowing economy -- maybe even a shrinking one -- could work against Capital One. In fact, rising interest rates could hit Capital One particularly hard in that situation, as its target market of risky borrowers could be the first to underpay of stop payments altogether should the global economic condition sour. * 7 Financial Stocks With Accelerating Growth It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7 times this year's expected profits, making it one of the cheapest stocks to own in the financial sector. The worst-case scenario is more than priced in.As of this writing, James Brumley held a long position in CBS Corporation. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.
- Reuters•4 days ago
Aviva, NatWest to join 'Brexodus' of business to EU
England's High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around £9 billion in assets to a new Irish company just before the starting gun is fired on Brexit. The move, timed for 2259 GMT on March 29, is part of a wider withdrawal of business and money by financial companies seeking to keep contracts and policies within the European Union even after Britain departs. Brexit formally takes effect at 2300 GMT on March 29.
- InvestorPlace•4 days ago
4 of the Best OTC Stocks to Buy for Future Growth
[Editor's note: This story was previously published in August 2018. It has since been updated and republished.] Not all American stocks trade on the major exchanges. In fact, many investors often forget the stocks that trade on the Over the Counter Bulletin Board (OTCBB). Some refer to these OTC stocks to buy as equities that trade on the "pink sheets," named for the color of the paper on which they were printed before electronic trading became more widespread.Instead of using exchanges, such trades occur over computer networks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks end up on the pink sheets either because they either don't meet or have not attempted to meet the listing requirements of the New York Stock Exchange or the Nasdaq. Often OTC stocks have become penny stocks involuntarily. They often fail to meet listing requirements due to financial strains. * 7 Financial Stocks With Accelerating Growth However, one should not assume all OTC stocks trade as penny stocks near bankruptcy. In fact, some OTC stocks have become some of the largest and most successful companies in the world. This sometimes occurs with foreign companies that trade on the major exchanges in their home countries.Despite their prestige at home, these companies may turn to OTC markets to test the U.S. market. If their stock becomes one of the OTC stocks to buy, they will subsequently switch to the NYSE or Nasdaq at a later time. Others may not want to meet the financial disclosure standards required by the exchanges.Whatever the reason, traders should not ignore the OTC markets. In fact, investors looking for OTC stocks to buy may want to consider these five:Source: Shutterstock BAE Systems (BAESY)BAE (OTCMKTS:BAESY) operates in the defense, security and aerospace industries. Based in Farnborough, England, BAE has grown into the U.K.'s largest defense contractor. Despite its presence in its home country, 75% of its revenue comes from outside of the U.K.Revenue and earnings have seen slower growth over the last few years. However, the Trump Administration's attitude toward European defense may force these governments to shoulder more of the defense burden. Furthermore, threats from the Middle East and fears of Russia continue to worsen.Such concerns play into the hands of defense contractors such as BAE. The stock has traded in a range since 2015. A focus on defense within Europe could send it higher. Net income also appears set to move higher. If profit predictions hold up, the forward P/E will hold at about the 15 level. This stands well below the 31.5 average P/E over the last five years.Moreover, even though the stock shows little movement, the dividend helps it become an ideal OTC stock to buy. The dividend saw an increase this year. Shareholders now earn a payout of 24-cents-per-share. This places the dividend yield at around 2.9%. Even if the stock takes longer than anticipated to move higher, BAESY stock pays investors well to wait.Still, with the current geopolitical environment, BAE investors will likely not have to wait for very long.Source: Shutterstock Sberbank of Russia (SBRCY)Admittedly, Sberbank (OTCMKTS:SBRCY) might seem too risky to become one of the better OTC stocks to buy. With the focus on Russian collusion and a relationship between Trump and Putin that has become too comfortable for many, the thought of investing in Russia seems scary.However, some see opportunity amid the fear. American investors such as Jim Rogers have recently sought investment opportunities in Russia. Mr. Rogers cites a strong ruble, a market well off all-time highs and high real interest rates as the reason. SBRCY stock could position an investor for these returns.Sberbank has become the largest bank in Russia. It holds more in assets than the next six largest competitors combined. Sberbank performs retail, corporate and investment banking within Russia. It also invests heavily in Central and Eastern Europe. * 10 Hot Stocks Leading the Market's Blitz Higher At a $70 billion market cap, it pales in size to U.S. banking giants such as Citigroup (NYSE:C) or Bank of America (NYSE:BAC). It also seems to struggle with gaining respect, though this could work to an investor's advantage. SBRCY stock trades at a P/E of only five or so, well below that of BAC stock. This is despite the fact that revenues have increased by an average of 18.9%-per-year over the last five years.Moreover, dividends have seen sustained growth over the last three years. Today, SBRCY stock pays a dividend of about 4.02%. In today's market, anything related to Russia has become clouded in controversy. However, those that can look past the drama could find a bargain in SBRCY stock.Source: Shutterstock Softbank (SFTBY)Even though it could become one of the more profitable OTC stocks to buy, Softbank (OTCMKTS:SFTBY) has not become a household name. However, this Japanese holding conglomerate has grown to an almost $96 billion market cap by investing in some of the better-known names in the tech industry in both the U.S. and Japan.Softbank lists Yahoo! Japan, Uber and WeWork among its investments. Still, its most famous investments are its 28% stake in Alibaba (NYSE:BABA) and its ownership of about 83% of Sprint (NYSE:S). In fact, one attempt to merge Sprint with T-Mobile (NASDAQ:TMUS) failed because it would have required Softbank to sell too many of its assets.Investors should look at SFTBY stock like a mutual fund. If the T-Mobile-Sprint merger goes through, this will give Softbank a significant stake in America's fastest-growing telecom company as 5G begins to take off. Whenever the IPO in Uber finally happens, this should boost Softbank further.SFTBY stock also reported a 49% increase in earnings in its latest quarter. Investments in WeWork and Indian ecommerce firm Flipkart drove much of the net income increase. As a result, SFTBY stock trades less than 10% off its all-time high.With its profitable investments and its prospects for the future, SFTBY should continue to report strong results for many quarters to come.Source: Shutterstock Tencent (TCEHY)Tencent (OTCMKTS:TCEHY) has become the largest OTC stock trading today. With a $405 billion market cap, the Shenzhen and Cayman Islands-based conglomerate has grown into one of the world's largest companies.Tencent serves the Chinese market in the internet, social networking, gaming, payment systems, ecommerce, venture capital and many other areas. The company competes with the likes of Alibaba and JD.com (NASDAQ:JD) at home.Overseas, Tencent's influence is also felt in the U.S. as it competes with Activision (NASDAQ:ATVI) and other gaming companies for market share in the emerging esports field. This only scratches the surface of Tencent's influence. * Buy These 5 Stocks to Play the Megatrend of the Century Due to its reach and growth, Tencent's size impact has become too large to ignore. Even with the growth, the forward P/E stands at about 31. While its P/E stands well above S&P 500's average, it has reached a tiny fraction of the P/E where Amazon (NASDAQ:AMZN) trades.To me, 20% less percentage growth to buy in at one-sixth of the P/E sounds like a worthwhile trade-off. Given the lower P/E relative to earnings growth and its position in the emerging Chinese market, TCEHY should serve as one of the best OTC stocks to buy despite its size.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow him on Twitter at @HealyWriting.Compare Brokers The post 4 of the Best OTC Stocks to Buy for Future Growth appeared first on InvestorPlace.
