Citigroup remains the cheapest large U.S. bank by price-to-book, justified by its higher risk profile and below-average profitability. Despite strong share performance, Citigroup's dividend yield is now less attractive, making earnings growth the main upside driver. Restructuring has improved efficiency and profitability, but asset quality and exposure to riskier markets/products remain concerns.
Citigroup remains well-capitalized, exceeding CET1 requirements even under severe stress scenarios. The U.S. large bank sector is facing a reduced regulatory environment with less strict stress tests, increasing the potential for larger capital returns. The stock still trades below TBV up at $91.52, even after the big snapback rally, while banking peers trade at multi-year high multiples.
C eyes leaner operations with 20,000 job cuts and $2-2.5B in cost savings targeted by 2026.
Citigroup (C) closed at $78.35 in the latest trading session, marking a +1.28% move from the prior day.
As JPM navigates IB softness and credit risks, can C's streamlined focus offer a stronger upside? Let us find out.
Citigroup sees Q2 markets and IB revenues rising despite tariff headwinds, boosting hopes for stronger fee income ahead.
Citigroup is reportedly preparing for a potential decline in consumer financial health by putting aside more provisions for credit losses. [contact-form-7] “Given the macro environment, etc.
Citigroup Inc. (NYSE:C ) Morgan Stanley US Financials, Payments & CRE Conference 2025 June 10, 2025 7:30 AM ET Company Participants Vis Raghavan - Corporate Participant Conference Call Participants Betsy Lynn Graseck - Morgan Stanley, Research Division Betsy Lynn Graseck All right. So thank you so much for joining us this morning.
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Citigroup will cut 3,500 full-time roles at two China tech centers as it revamps global operations to address risks and compliance.
Citigroup Inc (NYSE:C) will cut around 3,500 jobs at its technology hubs in Shanghai and Dalian as part of a broader effort to streamline global operations and strengthen risk and data management. The reductions, affecting mainly full-time roles, are expected to be completed by early Q4 2025.
In the latest trading session, Citigroup (C) closed at $76.40, marking a -0.17% move from the previous day.