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Citigroup Inc C

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Stock XNYS Rating as of
$61.43 −0.35 (0.57%)
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As of Delayed Price Post-Trading: $61.43 0.00
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Company Report

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Citigroup Will Focus on Expense Control in 2024; Increasing Our Fair Value Estimate

Suryansh Sharma,

Citigroup has an international commercial banking franchise and a domestically focused retail banking unit. The bank's commercial operations—services, markets, and banking segments (which were previously grouped under Institutional Client Group, or ICG)—has large trading, investment banking, international corporate banking, and custody operations. The commercial banking operation is Citi's most unique business, as its global footprint is hard to replicate. This international presence will help Citigroup remain a bank of choice for cross-border companies. While this global presence offers some advantages, it is expensive and complicated to maintain, and the bank's markets desk also produces low returns. As a result, returns for the commercial banking business have been mixed.

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Price vs Fair Value

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C is trading at a 776% premium.
Price
$61.78
Fair Value
$82.00
Uncertainty
Medium
1-Star Price
$35.60
5-Star Price
$33.10
Economic Moat
Xvgl
Capital Allocation
Zlqhbmcvt

Bulls Say, Bears Say

Bulls

Citigroup is in the middle of a strategic repositioning, making major moves such as spinning off its consumer business in Mexico and reinvesting in commercial banking and wealth. Citigroup may finally emerge as a structurally improved franchise.

Bears

Management doesn't expect to hit its return targets until two to three years from now, and the bank has historically underperformed. It's not worth waiting around for this historical value trap.

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News

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Trading Information

Previous Close Price
$61.78
Day Range
$60.74–61.66
52-Week Range
$38.17–64.98
Bid/Ask
$61.37 / $61.42
Market Cap
$117.17 Bil
Volume/Avg
9.3 Mil / 13.4 Mil

Key Statistics

Price/Earnings (Normalized)
12.67
Price/Sales
1.52
Dividend Yield (Trailing)
3.43%
Dividend Yield (Forward)
3.43%
Total Yield
5.46%

Company Profile

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
239,000
Website
https://www.citigroup.com

Competitors

Valuation

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Metric
C
WFC
BAC
Price/Earnings (Normalized)
 12.6711.2413.33
Price/Book Value
 0.621.261.18
Price/Sales
 1.522.593.26
Price/Cash Flow
 4.377.578.63
Price/Earnings
C
WFC
BAC

Financial Strength

Metric
C
WFC
BAC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
C
WFC
BAC
Return on Assets (Normalized)
 0.37%1.00%0.92%
Return on Equity (Normalized)
 4.74%11.72%11.28%
Return on Invested Capital (Normalized)
 ———
Return on Assets
C
WFC
BAC
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Banks - Diversified Industry Comparables

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1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
JPMorgan Chase & Co
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DwgpvcdnVrdw$574.2 Bil
 Bank of America Corp
BAC
TrmwvrrTfgw$311.1 Bil
 Wells Fargo & Co
WFC
FvrdmdgHwpkr$203.5 Bil
 HSBC Holdings PLC ADR
HSBC
LyzwcmxdnTvz$166.2 Bil
 Royal Bank of Canada
RY
TcxfffbyThllx$151.3 Bil
 Mitsubishi UFJ Financial Group Inc ADR
MUFG
WglwjsqysYppp$121.9 Bil
 UBS Group AG
UBS
GwwxrqftnRjkvj$102.4 Bil
 The Toronto-Dominion Bank
TD
FjflnyfpcSpnf$98.4 Bil
 Banco Santander SA ADR
SAN
FwsxSfvqkqj$80.1 Bil

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