Citigroup Inc. (C) live price

Discover historical price data for Citigroup Inc stocks and take your profit on price changes.

C

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44.65 USD -2.23341%

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Investing in Citigroup stock has its advantages and disadvantages, and it's important to understand both before deciding if this asset is right for you. Citigroup is a large and widely diversified financial services company. Citigroup has been a leader in the banking and investment industries in the past, but it has struggled in recent years and its stock price has declined.

Basic company information

Citigroup is one of the world's largest financial services companies. With more than 200 million customers in more than 160 countries, the company offers a wide range of products and services, including retail banking, corporate banking, investment banking and asset management. The company's mission is to create value for its customers, shareholders and society. Citigroup stock is traded on the stock exchange under the ticker NYSE: C.

The company strives to make a difference in the world through its corporate social responsibility initiatives. The corporation works with a number of organizations to promote economic inclusion, financial literacy and community development. In addition, Citigroup is actively involved in a number of environmental initiatives, such as renewable energy development.

The company's activities

Citigroup's retail banking division provides a variety of services to individuals, including checking and savings accounts, mortgages, home equity loans, insurance, credit cards and more. The company also offers a number of online banking options, including online bill pay and mobile banking. In addition, it is a major provider of student loans, offering a number of different loan products to students.

Citigroup's corporate banking division provides services to businesses, including commercial lending, cash management, currency exchange and more. The company also offers investment banking services such as mergers and acquisitions, corporate finance and more. The banking organization provides equity research, trading and asset management services.

Citigroup's asset management division offers a range of products and services, including mutual funds, private equity, real estate investments and more. The company also provides retirement services such as 401(k) and IRA accounts. In addition, Citigroup's Asset Management division provides financial planning and advisory services.

The latest news on the stock price

Jane Frazier, Citigroup's new CEO in 2021 announced plans for the corporation to rethink its company's underperforming strategy. Her boldest decision was to get rid of its international consumer banking divisions - in particular, the very profitable Citibanamex division in Mexico.

By the end of 2022, Citigroup CFO Mark Mason predicts five successful sales that will free up as much as $3 billion in capital. Next year could bring even more potential profits if the bank can successfully tackle its toughest venture yet: the sale of Mexican banking giant Citibanamex. This daunting task requires close cooperation between Citi and the Mexican government to achieve optimal results for all involved.

✅ Benefits of investing in Citigroup

• Citigroup is a global financial services company with operations in more than 100 countries. Thus, it provides investors with diversification of their portfolios, reducing the risk associated with investing in one company.
• This financial institution is one of the largest banks in the world and has a strong balance sheet. The company's global exposure gives investors confidence that their money is safe and that their investment in Citigroup stock will remain safe.
• Citigroup's stock price is currently trading at a lower valuation than its peers, giving investors a higher return.

❌ Disadvantages of investing in Citigroup

• Citigroup's stock price can be volatile, and the company's financial performance can be affected by changes in the global economy. This can lead to significant losses if the stock price suddenly drops.
• As a large financial institution, Citigroup is subject to strict regulation by the U.S. government and other global regulatory agencies. Changes in these regulations could have a negative impact on the company's financial performance.

Financial performance

Citigroup's move to digitally transform its services has increased both personnel and costs. Management expects costs to increase throughout next year, and further increases are possible in 2023. This could further reduce profits - only time will tell how Citigroup will cope with this massive organizational change.

Citigroup stock price forecast for 2023, 2025

In our analysis of Citigroup's stock price over the next few years, we have been relying on a $45 value for this asset. That was December 9, 2022. In 2023, the price of Citigroup stock could fluctuate between $44 and $54. By 2025, the C-share price could fall below $40 if the company does not continue to grow revenues.

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