Citi

Citigroup Inc is an equity in the USA market. The price is 92.765 USD currently with a change of 1.53 USD (0.02%) from the previous close. The latest open price was 91.96 USD and the intraday volume is 9,119,335. The intraday high is 93.275 USD and the intraday low is 91.365 USD. The latest trade time is Friday, August 8, 19:59:59 UTC.

Citigroup Inc., commonly known as Citi, is a leading global financial services corporation headquartered in New York City. Established in 1998 through the merger of Citicorp and Travelers, Citi has grown to become one of the world's largest financial institutions.

It offers a comprehensive range of financial products and services to individuals, corporations, governments, and institutions worldwide.

Global Presence and Operations

Citi operates in over 180 countries and jurisdictions, with a physical presence in 94 markets. This network enables the bank to serve a diverse clientele, including 85% of Fortune 500 companies.

The company's global footprint allows it to facilitate nearly $5 trillion in financial flows daily, connecting clients across borders, currencies, and asset classes.

Core Businesses and Services

Citi's operations are organized into two primary divisions:

• Institutional Clients Group (ICG): Offers investment banking, corporate banking, treasury and trade solutions, and securities services such as custodian banking.
• Personal Banking and Wealth Management (PBWM): Includes Citibank, a retail bank; the third-largest issuer of credit cards; and a wealth management business.

Through these divisions, Citi provides consumer banking, credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management.

Recent Developments

Under CEO Jane Fraser's leadership since March 2021, Citi has focused on stabilizing operations and enhancing shareholder value.

The bank's return on tangible common equity improved from a low of 4.9% in 2023 to 8.7% in the most recent quarter, with a target of 10% by 2026.

Locations

Citi has a significant presence in the United States, with offices in:

• Wilmington, DE
• Schaumburg, IL
• Chicago, IL
• Oakland, CA
• Miami, FL
• Des Plaines, IL
• Berwyn, IL

Internationally, it operates in major financial centers such as New York, Tampa, London, Singapore, and Mexico City.

Overall, Citi's extensive global network and diverse range of financial services position it as a key player in the international financial landscape, committed to delivering innovative solutions to meet evolving client needs.