C Stock Recent News

In the closing of the recent trading day, Citigroup (C) stood at $47.37, denoting a +0.3% change from the preceding trading day.

In the latest trading session, Citigroup (C) closed at $45.08, marking a -0.33% move from the previous day.

Citigroup (NYSE: C) stock price is doing modestly well this year as investors cheer Jane Fraser's turnaround strategy. The shares have risen by about 2.65% this year, outperforming other Wall Street companies like Morgan Stanley, Goldman Sachs, and Bank of America.

Citigroup's target of 11% to 12% return on tangible equity in the medium term is doubted by analysts and investors. If Citigroup achieves its target, the share price could reach 1.1x to 1.2x tangible book value. Citigroup's tangible book value is expected to reach around $100 by the end of 2025, with a conservative valuation of $80 per share.

A rise in NII and streamlining of its international operations are likely to support Citigroup (C). Yet, a rise in operating costs and muted non-interest income are headwinds.

Citigroup (C) plans to enter the private credit market by early January 2024.

Citigroup (C) initiates layoffs of various senior manager roles as part of significant changes in its organizational structure.

Citigroup (C) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

The sale of Citigroup's (C) Indonesia consumer businesses to UOB Indonesia marks the company's final full consumer divestiture in Asia.

Citigroup has begun the next phase of its previously announced organizational changes.  “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi's organizational structure with our new, simplified operating model,” the bank said in a Monday (Nov. 20) press release.