C - Citigroup Inc.
| Previous Close | 69.56 |
| Open | 69.42 |
| Bid | 69.52 x 1000 |
| Ask | 69.85 x 1400 |
| Day's Range | 69.25 - 69.87 |
| 52 Week Range | 64.38 - 80.70 |
| Volume | 10,329,636 |
| Avg. Volume | 16,358,270 |
| Market Cap | 175.332B |
| Beta | 1.53 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.65 |
| Earnings Date | Oct 12, 2018 |
| Forward Dividend & Yield | 1.80 (2.47%) |
| Ex-Dividend Date | 2018-08-03 |
| 1y Target Est | 83.52 |
- American City Business Journals•yesterday
Bank of America, Citigroup banned from bond sale in Louisiana due to gun policies
A gun policy that Charlotte-based Bank of America Corp. adopted earlier this year in the wake of a mass shooting at a high school in Parkland, Florida, has eliminated it from working on a bond sale in Louisiana.
- InvestorPlace•yesterday
3 Reasons Why Bank of America Is a Good Buy
During 2018, the return on Bank of America (NYSE:BAC) has been uninspiring, coming to about 5%. Yet various other large banks have posted worse returns than BAC stock; Citigroup (NYSE:C) and Wells-Fargo (NYSE:WFC) have generated negative returns.
- Bloomberg•yesterday
Louisiana Bans Bank of America, Citi from Bond Sale Over Gun Policies
Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.
Market Realist•yesterdayWhat Analysts’ Ratings Suggest for the Top Five US Banks
Impressive quarterly results along with rising interest rates, a strong job market, a tax overhaul, and expected ease in regulations have made analysts bullish about the banking sector. This viewpoint is well reflected in their ratings, featuring mostly “buy” recommendations for the largest US banks.
- Financial Times•2 days ago
[$$] Lifetime mortgages boom as interest rates slumber
New home loans fell slightly, but remortgages are rising strongly, especially “lifetime mortgages”, a product that turns a conventional mortgage inside out. Rather than redeem the loan over time, the borrower pays nothing until he dies or loses his faculties, at which point the advance and the compounded interest are paid off from the sale of the home.
- Business Wire•2 days ago
Citigroup CFO John Gerspach to Present at the Barclays Global Financial Services Conference
John Gerspach, Chief Financial Officer of Citigroup, will present at the Barclays Global Financial Services Conference on Wednesday, September 12, 2018. The presentation is expected to begin at approximately 8:15 a.m.
- American City Business Journals•2 days ago
Citigroup pays fine to settle multiple penalties
Citigroup Inc. has been slapped with a massive fine for its trading practices. The New York-based bank (NYSE: C) agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision, according to the Securities Exchange Commission. About $5.75 million was paid to settle allegations tied to unauthorized trading and another $4.75 million to settle claims that it failed to detect fraudulent loans issued by its Mexican subsidiary, Banamex.
- Reuters•2 days ago
Citi settles U.S. SEC charges over bad controls, supervision
Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday. The other concerned a trader mismarking illiquid positions and unauthorized proprietary trading by Citigroup Global Markets Inc (CGMI) from 2013 to 2016, the Securities and Exchange Commission said. "Fraudulently-induced loans" made by Banamex to Oceanografia that led to $475 million in losses were the result of inadequate controls that prevented them from registering 'numerous red flags' in the borrower's documents," the SEC said in a statement.
Reuters•2 days agoCiti settles SEC charges over bad controls, supervision
Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday. The other concerned a trader mismarking illiquid positions and unauthorized proprietary trading by Citigroup Global Markets Inc (CGMI) from 2013 to 2016, the Securities and Exchange Commission said. "Fraudulently-induced loans" made by Banamex to Oceanografia that led to $475 million in losses were the result of inadequate controls that prevented them from registering 'numerous red flags' in the borrower's documents," the SEC said in a statement.
- Bloomberg•2 days ago
Citi Draws SEC Fine for Unauthorized Trading, Other Violations
Citigroup Inc. was fined $10.5 million for multiple infractions, including allegations that employees engaged in unauthorized proprietary trading, a practice that regulators famously restricted after the 2008 financial crisis. Three Citigroup traders mismarked illiquid positions in proprietary accounts from 2013 to 2016, in two instances to cover losses from unauthorized transactions, according to a Thursday statement from the Securities and Exchange Commission. The SEC sanctioned Citigroup in part for failing to detect the misconduct sooner and for inadequate supervision of the traders.
- Bloomberg•2 days ago
Citigroup Fined $10.5 Million in Settlements With SEC
Citigroup Inc. agreed to pay $10.5 million to settle a U.S. regulator’s allegations that traders mismarked illiquid positions and that a Mexican subsidiary made fraudulently induced loans.
- MarketWatch•2 days ago
Citi fined over $10 million by SEC over controls, supervision
Citigroup (c)will pay $10.5 million to settle two lawsuits from the Securities and Exchange Commission, one stemming from $81 million of losses due to trader mismarking and unauthorized proprietary trading and another from $475 million of losses due to fraudulently-induced loans made by a Mexican subsidiary. The SEC found that from 2013 to 2016, three Citigroup Global Markets Inc. traders, now fired, mismarked illiquid positions in proprietary accounts they managed, in two cases covering losses from widespread unauthorized trading. Citi failed to detect the traders' misconduct earlier because it had inadequate supervisory procedures and systems and did not independently verify the valuations of the mismarked positions.
- Business Wire•2 days ago
Citi Retail Services Signs Agreement with Caterpillar Financial to Provide Commercial and Consumer Card Services
Citi Retail Services today announced a long-term agreement with Caterpillar Financial Services Corporation to provide a private label credit card program in the United States and Canada.
Market Realist•2 days agoFed’s Hawkish Monetary Policy to Drive Banks’ Profitability
Since the Great Recession of 2007–2009, the Federal Reserve has kept its federal funds rate near zero. The central bank raised interest rates to 0.25% from 0.0% in December 2015, the first time since the Great Recession officially ended in mid-2009. Since 2015, the Fed has raised interest rates seven times with one hike each in 2015 and 2016, three in 2017, and two in 2018.
- Reuters•3 days ago
MOVES-Citi names veteran Li as banking head of China's Belt and Road Initiative
Citigroup Inc said on Thursday it has appointed veteran Beibei Li as its head of Belt and Road Initiative-related banking and origination businesses, as western banks bet on China's drive to build a modern-day Silk Road to create business opportunities. In the newly created role, Li, who joined Citi in 1999, will oversee Citi's banking focus around Belt and Road Initiative (BRI) and will relocate from New York to Hong Kong, the U.S. bank said.
- InvestorPlace•3 days ago
There’s Still No Reason to Own Wells Fargo Stock Over Other Banks
About a month ago, three big banks reported earnings, and the three earnings reports each told a different story. JPMorgan Chase (NYSE:JPM) reported great numbers which pointed to strengthening fundamentals. Citigroup (NYSE:C) reported decent numbers which pointed to stagnating fundamentals. Not surprisingly, over the past three years, JPM stock is up nearly 70%, and C stock is up more than 20%.
- InvestorPlace•3 days ago
There’s Still Time to Take Another Crack at Bank of America Stock
Bank of America stock is now up just 3.2% so far this year – below the 5.6% return of the S&P 500. A number of the bullish catalysts that led Bank of America higher after the U.S. presidential election are coming to pass. Interest rates are rising, helping net interest margin and Bank of America profits.
- Bloomberg•4 days ago
ValueAct Adds to Citigroup Stake, Sells Down 21st Century Fox
ValueAct Capital Management, the activist fund run by Jeff Ubben, increased its stake in Citigroup Inc. during the second quarter while selling down its position in takeover target 21st Century Fox Inc....
- Reuters•4 days ago
US STOCKS-Wall St gains as earnings beat; Turkish lira rebounds
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism. Gains were widespread as the S&P 500 and the Dow Jones Industrial Average looked set to end their four-day losing streaks. The Turkish lira recovered some ground after plunging to an all-time low on Monday as the country's central bank took steps to ease pressure on the currency.
- Zacks•4 days ago
Index Futures Jump as Turkish Lira Stages Rebound
U.S. stock index futures recorded solid gains ahead of market open on Tuesday as the Turkish lira staged a rebound.
Market Realist•4 days agoBank Stocks Lose Momentum as Turkey Crisis Worsens
After a dismal first half of 2018, bank stocks perked up last month on tailwinds from strong second-quarter results and rising interest rates. The Financial Select Sector SPDR ETF (XLF), which has ~50% exposure to the banking industry, has been falling since last Friday as Turkey’s financial crisis deepened, pushing the domestic currency to a record low against the US dollar. JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS), the top five US banks on the basis of total assets held, have fallen 2.6%, 3.5%, 1.4%, 3.9%, and 3%, respectively, in the last two trading days.
- The Wall Street Journal•5 days ago
[$$] Citigroup Shuffles Consumer Leadership
Citigroup Inc. is making changes to its consumer-banking leadership, in a bid to deliver a more seamless approach to customers. As part of the shuffle, Jud Linville, head of global cards and consumer services, is leaving the bank, Stephen Bird, Citigroup’s chief executive of global consumer banking, announced in an internal memo reviewed by The Wall Street Journal on Monday. The New York-based bank has created a new position called head of U.S. consumer banking and appointed Anand Selva, a 26-year Citigroup veteran who currently is in a similar role in Asia, to fill that position, Mr. Bird said in the memo.
- Reuters•5 days ago
Citigroup shakes up consumer bank and card chief leaves
Citigroup Inc (C.N) restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results. The changes will "harmonize" Citigroup's consumer business with operating models of units in Asia and Mexico that have produced better results, Stephen Bird, chief executive of Citigroup's global consumer banking business, said in a memo seen by Reuters. With the new structure, Jud Linville, who had been head of global cards and consumer services and a member of Citigroup's operating committee, will leave and David Chubak will become head of retail banking and consumer lending globally, overseeing products, strategies and investments.
American City Business Journals•5 days agoAirbnb apartment building opening downtown, after near-record sale
The deal is new money flowing into Nashville — and a new business model that has upset many current residents of the building.
- Bloomberg Video•yesterday
Trade Wars a Recent Phenomenon for Global Markets, Says Schulz
Aug.17 -- Christian Schulz, economics team director at Citigroup, examines how trade disputes are impacting the global economy and markets. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."
