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Citigroup Inc. - C STOCK NEWS

Welcome to our dedicated page for Citigroup news (Ticker: C), a resource for investors and traders seeking the latest updates and insights on Citigroup stock.

Citigroup Inc. (C) is an American multinational investment bank and financial services corporation headquartered in New York City. Formed by the 1998 merger of Citicorp and Travelers Group, Citigroup operates in more than 100 countries and jurisdictions. The company’s core operations are divided into five primary segments: services, markets, banking, US personal banking, and wealth management.

Citigroup offers a broad range of financial services including cross-border banking for multinational corporations, investment banking, and trading, as well as credit card services within the United States. Recent achievements highlight Citigroup's ongoing innovation and growth. For instance, Citi-backed Elwood Technologies LLP was recently authorized by the UK Financial Conduct Authority (FCA) to provide institutional-grade access to digital asset exchanges and liquidity venues. This authorization solidifies Elwood's market-leading position and its commitment to offering regulated and transparent digital asset platforms.

Financially, Citigroup continues to maintain robust performance with a diverse portfolio and significant partnerships, such as those with Barclays, Goldman Sachs, and Dawn Capital. Citigroup's involvement in cutting-edge fintech solutions like Elwood showcases its adaptive strategy in meeting the evolving demands of the financial market.

To stay updated with Citigroup’s latest developments and performance, visit the news section for the most recent updates.

News

Citigroup Announces Full Redemption of Series K Preferred Stock

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Citigroup Inc. is redeeming all $1.495 billion of its Series K Depositary Shares representing interests in its Preferred Stock. The redemption date is November 15, 2023, and the cash redemption price per Depositary Share is $25. The redemption is part of Citigroup's liability management strategy and efforts to enhance its funding and capital structure. Beginning on the Redemption Date, the Depositary Shares will no longer be outstanding and dividends will not accrue on them.
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Citigroup Reports Third Quarter 2023 Results

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Citi reported Q3 2023 results. Conference call scheduled for today.
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Citi Successfully Settles First Trades on HKEX Synapse Platform

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Citi Securities Services successfully settles trades for China Asset Management on HKEX Synapse platform.
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Citi GPS: AFRICA – A New Growth Model Premised on Favorable Demographics, Technological Developments, and a Changing World Economy

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Citi's Global Perspectives & Solutions report emphasizes the need for African governments and the private sector to collaborate for a new growth model. Africa's resilience during the COVID-19 crisis is highlighted, but fiscal deficits and defaults remain challenges. The report suggests narrowing fiscal deficits through revenue generation and taxing the informal sector. It also mentions the importance of formulating new exchange rate policies. Development in Africa requires clear politics, policy, and a gradual process.
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Citi GPS: Evolving Demand for Skills Places Premium on Collaborative Leadership and Continuous Learning in Data Science

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Citi has launched its latest Global Perspectives & Solutions report on the demand and reward for specific skills in job adverts. Soft skills like collaborative leadership are rising in demand and wages. Data science skills are constantly evolving, requiring continuous learning. Demand for AI skills has grown significantly since 2015. California has the highest concentration of AI job ads in the US. The report provides valuable information for hiring, planning, and attracting talent. Investors can use the skills demanded by a company as an indicator of innovation and future readiness.
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Citigroup Announces Full Redemption of Series A Preferred Stock

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Citigroup Inc. is redeeming $1.5 billion of its Preferred Stock, reflecting its ongoing efforts to enhance funding and capital structure. The redemption date is October 30, 2023, with a cash redemption price of $1,000 per Depositary Share. Dividends will be paid on the Redemption Date. Citigroup's liability management strategy and market conditions are driving the redemptions.
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Citi Appointed as Depositary Bank for Turbo Energy S.A.’s ADR Program

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Citi appointed as depositary bank for Turbo Energy's IPO of American Depositary Shares (ADSs), representing ordinary shares. Turbo Energy's ADSs trade on Nasdaq under symbol 'TURB'. Each ADS represents 5 ordinary shares. Turbo Energy plans ambitious expansion. Citi to support ADR program and investor outreach.
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Citi LIBOR Transition Update

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Update regarding fallback provisions for outstanding USD LIBOR CMS Instruments. Citigroup Inc. provides notice that the USD LIBOR CMS Rate will be determined by reference to the USD SOFR Spread-Adjusted ICE Swap Rate® after June 30, 2023. No concrete business takes affecting stock price.
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Inflation and Market Volatility Remain the Biggest Concerns for Business Leaders of Mid-sized Corporates Globally, Finds Citi Commercial Bank Survey

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Inflation and market volatility are the primary concerns for business leaders, according to a survey by Citi Commercial Bank. 72% of respondents said managing costs is the biggest challenge to business success. 52% believe supply chain issues have improved in the last year. 55% are on track to be carbon neutral by 2050. 52% are considering international expansion, with 27% looking to expand to Asia-Pacific markets. Some industries, such as Consumer and Retail and Digital, Technology, and Communications, are more likely to consider international expansion. Supply chain outlook has improved for Consumer and Retail and Industrials, but worsened for Healthcare. Managing costs is the biggest challenge for Industrials and Healthcare companies. Staffing is a major challenge for Digital, Technology, and Communications and Healthcare industries. The survey included responses from various industry segments across different regions.
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Citi Appointed as Depositary Bank for Arm Holdings plc’s ADR Programme

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Citi appointed as depositary bank for Arm's IPO of ADRs, priced at $51 per ADR
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FAQ

What is the current stock price of Citigroup (C)?

The current stock price of Citigroup (C) is $69.84 as of November 22, 2024.

What is the market cap of Citigroup (C)?

The market cap of Citigroup (C) is approximately 132.1B.

What is Citigroup Inc.?

Citigroup Inc. is an American multinational investment bank and financial services corporation, headquartered in New York City.

What are the primary segments of Citigroup's operations?

Citigroup's operations are organized into five segments: services, markets, banking, US personal banking, and wealth management.

What services does Citigroup provide?

Citigroup provides cross-border banking for multinational corporations, investment banking, trading, and credit card services in the US.

What recent achievements has Citigroup made?

Citigroup-backed Elwood Technologies was recently authorized by the UK Financial Conduct Authority to provide institutional-grade access to digital asset exchanges.

Who are some of Citigroup's key partners?

Some of Citigroup's key partners include Barclays, Goldman Sachs, and Dawn Capital.

What is the financial condition of Citigroup?

Citigroup maintains robust financial performance with a diverse portfolio and significant partnerships.

What is Elwood Technologies LLP?

Elwood Technologies LLP is a Citi-backed fintech providing institutional-grade digital asset trading platforms and was recently authorized by the UK FCA.

How many countries does Citigroup operate in?

Citigroup operates in more than 100 countries and jurisdictions.

When was Citigroup formed?

Citigroup was formed in 1998 by the merger of Citicorp and Travelers Group.

Where is Citigroup's headquarters located?

Citigroup's headquarters is located in New York City.

Stock C logo
Citigroup Inc.

NYSE:C

C Rankings

#97 Ranked by Market Cap
#943 Ranked by Dividends

C Stock Data

132.14B
1.83B
3.12%
73.89%
1.61%
Banks - Diversified
National Commercial Banks
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United States of America
NEW YORK