Citigroup Inc.
- Open
- 135.22
- Day high
- 138.13
- Day low
- 134.83
- Prev close
- 134.35
- Volume
- 3.9M
- Mkt cap
- $231.2B
- P/E (TTM)
- 14.6
- EPS (TTM)
- $9.43
- P/B
- 1.1
- P/S
- 1.3
- Yield
- 1.79%
- Per share
- $2.47
Citigroup Inc. (C) is a Financial Services company listed on NYSE. The stock is up 41% over the past year. Drillr has 5 published research articles covering C.
Citigroup Inc. (C) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
C earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 14, 2026 | $2.74 | $3.15 | +15.1% | $24.8B | +3.2% |
| Apr 14, 2026 | $2.64 | $3.06 | +15.8% | $24.6B | +3.3% |
| Jan 21, 2026 | $1.80 | $1.34 | -25.4% | $40.9B | — |
| Nov 6, 2025 | $1.73 | $1.86 | +7.5% | $22.1B | +4.8% |
| Jul 15, 2025 | $1.66 | $1.96 | +18.0% | $21.7B | +3.2% |
| Apr 15, 2025 | $1.85 | $1.96 | +5.7% | $21.6B | +1.5% |
| Jan 15, 2025 | $1.20 | $1.34 | +11.5% | $19.6B | +0.4% |
| Oct 15, 2024 | $1.31 | $1.51 | +14.9% | $20.3B | +1.8% |
| Jul 12, 2024 | $1.39 | $1.52 | +9.7% | $20.1B | +0.3% |
| Apr 12, 2024 | $1.23 | $1.86 | +50.7% | $21.0B | +2.5% |
| Jan 12, 2024 | $0.73 | $0.84 | +14.8% | $18.8B | +0.5% |
| Oct 13, 2023 | $1.21 | $1.52 | +25.9% | $19.7B | +2.5% |
C insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | HENNES DUNCAN Pdirector | Grant | 165 | $142.56 |
| Jul 2, 2026 | DUGAN JOHN CUNNINGHAMdirector | Grant | 438 | $142.56 |
| Jul 2, 2026 | von Koskull Casper Wilhelmdirector | Grant | 22 | $142.56 |
| Jul 2, 2026 | HENNES DUNCAN Pdirector | Grant | 5 | $142.56 |
| Jul 2, 2026 | TAYLOR DIANA Ldirector | Grant | 254 | $142.56 |
| Jul 2, 2026 | COLE TITILOPEdirector | Grant | 5 | $142.56 |
| Jul 2, 2026 | Dailey Grace Edirector | Grant | 5 | $142.56 |
| Jul 2, 2026 | MOULDS JONATHAN PAULdirector | Grant | 3 | $142.56 |
| Jul 2, 2026 | MOULDS JONATHAN PAULdirector | Grant | 10 | $142.56 |
| Jul 2, 2026 | TAYLOR DIANA Ldirector | Grant | 5 | $142.56 |
| Jul 2, 2026 | MOULDS JONATHAN PAULdirector | Grant | 222 | $142.56 |
| Jul 2, 2026 | COLE TITILOPEdirector | Grant | 8 | $142.56 |
| Jul 2, 2026 | James Renee Jodirector | Grant | 5 | $142.56 |
| Jul 2, 2026 | Turley James Sdirector | Grant | 165 | $142.56 |
| Jul 2, 2026 | James Renee Jodirector | Grant | 132 | $142.56 |
Source: C SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full C insider & 13F page →C research & analysis
[C] Citigroup Thesis 2026: Fraser Transformation + Banamex IPO Test ROTCE Recovery From 8% Toward 11-12%
Citigroup FY2025 revenue ~$81B (+3-5%) with net income ~$13.5B and adj. EPS ~$7.00 — recovering from FY2023 EPS trough $4.04 reflecting transformation costs + cyclical pressures. ROTCE ~8% remains substantially below targeted 11-12% and below peer megabank ROTCE of 13-17% (JPMorgan/Bank of America). FY2024 corporate restructuring eliminated multi-decade segment confusion replacing legacy ICG/PB/WM/LF structure with new 5-segment structure: Services + Markets + Banking + US Personal Banking + Wealth. Strategic transformation milestones: 13 international consumer banking franchise exits announced 2021, Asia consumer divested 2022-2023, Russia exit, Banamex Mexico IPO planned (~$4-7B proceeds expected, FY2025-2026 execution). CET1 ratio 13.7%; capital return $5-6B/year constrained by elevated SCB stress capital buffer 4.1%. FY2026 thesis: Banamex IPO + transformation + ROTCE recovery toward 10% by FY2027; key risks: regulatory consent orders extend, ROTCE recovery slower than projected, capital markets weakness extends.
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Citigroup Inc. company profile
Overview
Citigroup Inc. (NYSE:C) is a major American multinational investment bank and financial services corporation headquartered in New York City. Founded in 1812, Citigroup has evolved through numerous mergers and acquisitions to become one of the largest banking institutions in the world. The company operates globally across North America, Latin America, Asia, Europe, the Middle East, and Africa, serving consumers, corporations, governments, and institutions through a diversified portfolio of financial products and services. Citigroup has been publicly traded since 1977 and is currently undergoing a significant organizational transformation aimed at simplifying its structure and improving operational efficiency.
Business
Citigroup operates as a diversified financial services holding company through two primary business segments that together generate comprehensive banking and financial services revenue. **Global Consumer Banking (GCB)** represents the retail-facing portion of Citigroup's business, providing traditional banking services to individual consumers. This segment includes retail banking operations through physical branch networks, Citi-branded credit cards, and Citi retail services. The consumer banking division offers checking and savings accounts, personal loans, mortgages, and various investment products through approximately 2,300 branches, with significant presence in the United States, Mexico, and Asia. The credit card business is a substantial component, providing both general-purpose credit cards and store-branded cards through partnerships with retailers. **Institutional Clients Group (ICG)** serves as the wholesale banking arm, catering to large corporations, financial institutions, governments, and high-net-worth individuals. This segment encompasses several specialized divisions: Services includes Treasury and Trade Solutions (cash management and trade finance) and Securities Services (custody and clearing); Markets provides fixed income and equity sales and trading, foreign exchange, and derivatives; Banking offers corporate lending, investment banking, and advisory services; and Wealth Management delivers private banking and investment services to affluent clients. The ICG segment typically generates higher margins and represents the more strategically focused part of Citigroup's business model. The company has been actively divesting international consumer operations, having exited consumer banking in nine countries as part of its strategic simplification. This transformation shifts the revenue mix more heavily toward institutional services, which generally provide more stable fee-based income compared to traditional consumer lending.
Revenue model
Citigroup generates revenue through multiple complementary business models that leverage its global banking infrastructure and client relationships. **Fee-Based Revenue Streams** constitute a significant portion of income, particularly from the Services division within ICG. Treasury and Trade Solutions earns fees from cash management services, trade finance, and cross-border payment processing for corporate clients. Securities Services generates custody fees, clearing fees, and transaction-based revenue from institutional clients. Investment banking produces advisory fees from mergers and acquisitions, underwriting fees from debt and equity issuances, and arrangement fees from syndicated lending. **Trading and Market-Making Revenue** comes from the Markets division, which earns spreads and commissions from facilitating client trades in fixed income, equities, foreign exchange, and derivatives. This revenue stream is more volatile and depends on market conditions, client activity levels, and trading volumes. The bank also generates proprietary trading income, though this is more limited under post-financial crisis regulations. **Net Interest Income** represents the traditional banking spread between what Citigroup pays on deposits and what it earns on loans and securities. This includes consumer loans, credit cards, corporate lending, and investment securities. Credit card operations generate particularly attractive spreads, though they carry higher credit risk. **Wealth Management Fees** include asset management fees based on assets under management, financial planning fees, and performance-based compensation from investment products sold to high-net-worth clients. Several factors significantly impact Citigroup's profitability margins. Rising interest rates generally benefit net interest margins but can reduce trading volumes and increase credit losses. Regulatory compliance costs remain substantial, with ongoing transformation investments required to meet regulatory standards. Global economic conditions affect credit loss provisions, with economic downturns requiring higher reserves. Competition from fintech companies and other banks pressures fee structures, while geopolitical tensions can impact international operations. Currency fluctuations affect results from international operations, particularly in emerging markets where Citigroup has significant exposure.
Competitive moat
Citigroup's competitive moat is moderately strong but faces ongoing challenges from regulatory issues and intense competition. The bank's primary competitive advantages stem from its global scale and infrastructure, which few competitors can match. **Global Network and Scale** represents Citigroup's strongest moat element. The bank operates in over 100 countries with deep local market knowledge and regulatory relationships that took decades to build. This global footprint allows Citigroup to serve multinational corporations' complex cross-border banking needs, including cash management, trade finance, and foreign exchange services that require local presence and expertise. The scale of operations also provides cost advantages in technology infrastructure and regulatory compliance. **Institutional Client Relationships** create switching costs and revenue stickiness, particularly in Services businesses like Treasury and Trade Solutions. Large corporations often consolidate their banking relationships with institutions that can provide comprehensive global services, making it difficult for smaller competitors to displace established relationships. **Regulatory Barriers** provide some protection, as the complexity and cost of banking regulations create high barriers to entry for new competitors. However, this same regulatory environment currently constrains Citigroup's growth and capital deployment. **Technology and Data Assets** accumulated over decades of global operations provide insights and capabilities that are difficult to replicate quickly. The moat faces significant threats from several directions. Regulatory overhang continues to limit the bank's flexibility and requires substantial ongoing investment in compliance and risk management systems. Fintech disruption threatens traditional banking services, particularly in payments and lending, where technology companies can offer more streamlined solutions. Competition from other large banks with stronger regulatory positions and higher returns on equity makes it challenging to compete for top talent and client relationships. The bank's recent underperformance relative to peers has weakened its competitive position, though ongoing transformation efforts aim to address these challenges.
Risks & safety
Citigroup presents a moderate margin of safety profile with strong liquidity but elevated operational risks from regulatory issues. **Liquidity and Capital Position:** - Cash and short-term investments of $308.3 billion provide substantial liquidity buffer - Common Equity Tier 1 (CET1) ratio of 13.7% exceeds regulatory minimums and peer averages - Total assets of $2.57 trillion supported by $213.3 billion in shareholder equity - No immediate solvency concerns given strong capital ratios **Debt and Financial Leverage:** - Debt-to-equity ratio of 3.53 is typical for large banks but reflects inherent leverage in banking business model - Total liabilities of $2.36 trillion primarily consist of customer deposits rather than traditional debt - Interest coverage appears adequate based on earnings relative to interest expenses **Valuation Metrics:** - Price-to-earnings ratio of 8.2x suggests reasonable valuation relative to earnings - Price-to-book ratio of 0.63x indicates trading below tangible book value - Return on equity of 1.9% (quarterly) remains well below management's 11-12% target **Other Risk Considerations:** - Ongoing regulatory consent orders create execution risk and limit capital deployment flexibility - Transformation costs of $2-2.5 billion annually pressure near-term profitability - Credit loss provisions may increase if economic conditions deteriorate - Exposure to emerging markets creates currency and political risks
Recent development
Citigroup has undergone significant strategic transformation over the past several years, fundamentally reshaping its business model and organizational structure. **Organizational Simplification** represents the most significant strategic pivot. The bank eliminated approximately 7,000 positions and reduced management layers to increase accountability and decision-making speed. Management simplified the organizational structure around five core interconnected businesses, moving away from the previous complex matrix structure. This simplification generated $1.5 billion in annualized run-rate expense savings and is expected to eventually eliminate 20,000 positions excluding Mexico operations. **International Consumer Exit Strategy** involved divesting consumer banking operations in nine countries, completing what management describes as the most significant strategic repositioning in the bank's recent history. This includes the planned initial public offering of Banamex (Mexican consumer operations) expected in late 2025, which will further focus the bank on institutional services and select consumer markets. **Technology and Infrastructure Transformation** has been a major investment priority, with the bank modernizing its technology infrastructure, unifying platforms, and automating processes and controls. Management has integrated artificial intelligence into business operations and focused heavily on improving data quality and regulatory reporting capabilities. These investments are aimed at addressing regulatory consent orders and improving operational efficiency. **Regulatory Compliance Focus** has driven substantial changes, with the bank receiving amended consent orders from the Office of the Comptroller of the Currency and Federal Reserve regarding risk management and data governance. Citigroup closed its foreign exchange consent order but continues working under other regulatory agreements that require ongoing investment in compliance infrastructure. **Capital Return Strategy** evolved to include a committed $20 billion share buyback program, representing management's confidence in the transformation's success while balancing regulatory requirements and economic uncertainty. The bank also increased its dividend from $0.53 to $0.56 per share, signaling improved capital generation capabilities.
C company profile · for informational purposes only — not investment advice.
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