Citigroup Inc Stock Research

Market Summary

USD44.78+1.67

Market Closed

3.87%

C Alerts

3 major insider sales recently.

C Stock Price

C RSI Chart

C Valuation

Market Cap

86.7B

Price/Earnings (Trailing)

5.84

Price/Sales (Trailing)

1.15

EV/EBITDA

0.23

Price/Free Cashflow

4.46

C Price/Sales (Trailing)

C Profitability

EBT Margin

24.96%

Return on Equity

7.38%

Free Cashflow Yield

22.41%

C Fundamentals

C Revenue

Revenue (TTM)

75.3B

Revenue Y/Y

5.81%

Revenue Q/Q

-2.71%

C Earnings

Earnings (TTM)

14.8B

Earnings Y/Y

-20.8%

Earnings Q/Q

-27.77%

Price Action

52 Week Range

39.1655.07

(Low)(High)

Last 7 days

1.6%

Last 30 days

-10.8%

Last 90 days

1.9%

Trailing 12 Months

-17.7%

C Financial Health

Debt/Equity

1.35

Debt/Cashflow

0.09

C Investor Care

Dividend Yield

4.56%

Dividend/Share (TTM)

2.04

Buy Backs (1Y)

3.61%

Diluted EPS (TTM)

Peers (Alternatives to Citigroup)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	7.89%	-9.00%	26.35	6.47	2.44%	-5.35%
MSFT	2.1T	204.1B	10.90%	-8.33%	30.51	10.08	10.38%	-5.25%
GOOG	1.3T	282.8B	15.34%	-27.18%	22.08	4.68	9.78%	-21.12%
AMZN	1.0T	514.0B	4.86%	-40.50%	-368.89	1.95	9.40%	-108.16%
MID-CAP
NYMT	3.4B	258.4M	-7.02%	-24.34%	-11.46	13.24	24.91%	-254.56%
JBLU	2.2B	9.2B	-16.32%	-53.16%	-6.16	0.24	51.67%	-98.90%
SMALL-CAP
PLAY	1.7B	1.7B	-10.56%	-16.75%	14.09	1	61.79%	371.82%
TLRY	1.6B	602.5M	-7.75%	-62.41%	-2.78	2.67	18.18%	-18.59%
BYND	1.0B	418.9M	-15.70%	-67.27%	-2.77	2.42	-9.85%	-101.06%
MFA	986.5M	482.4M	-10.53%	-34.93%	-4.26	2.04	33.15%	-170.42%
CGC	913.9M	478.9M	-19.31%	-78.37%	-0.29	1.91	-31.50%	-634.70%
NKLA	774.5M	50.8M	-31.98%	-85.06%	-0.99	15.24	1229.98%	-13.59%
GPRO	754.2M	1.1B	-5.84%	-42.17%	26.14	0.69	-5.82%	-92.23%
INO	227.8M	10.3M	-28.62%	-74.83%	-0.81	22.2	478.23%	7.85%

Financials for Citigroup

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.3%	75,338	74,349	73,288	71,403	71,884
EBITDA	2.6%	71,737	69,937	69,503	69,921	-
EBITDA Margin	1.2%	0.95*	0.94*	1.41*	1.39*	-
Earnings Before Taxes	-4.0%	18,807	19,581	21,049	22,426	27,469
EBT Margin	-5.2%	0.25*	0.26*	0.43*	0.45*	-
Interest Expenses	5.3%	48,668	46,217	44,345	42,859	42,494
Net Income	-4.3%	14,845	15,505	16,670	18,316	21,952
Net Income Margin	-5.5%	0.20*	0.21*	0.34*	0.36*	-
Free Cahsflow	191.5%	19,437	-21,240	29,604	19,989	-

Balance Sheet
Description	(%) Q/Q	2019Q4	2019Q2	2019Q1	2018Q4	2018Q3
Assets	-1.9%	1,951,158,000,000	1,988,000,000,000	1,958,000,000,000	1,917,000,000,000	1,925,165,000,000
Liabilities	-1.8%	1,757,212,000,000	1,790,116,000,000	1,761,398,000,000	1,720,309,000,000	1,727,302,000,000
Float	-	158,000,000,000	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	254.1%	25,069	-16,265	20,258	10,348	47,090
Cashflow From Investing	-211.6%	-79,455	-25,499	-75,936	-104,335	-110,746
Cashflow From Financing	556.8%	137,763	20,974	43,103	42,371	17,272
Dividend Payments	-0.3%	5,003	5,016	5,049	5,128	5,198
Buy Backs	-4.5%	3,250	3,403	6,420	8,953	7,601

Risks for C

What is the probability of a big loss on C?

77.3%

Probability that Citigroup stock will be more than 20% underwater in next one year

54.6%

Probability that Citigroup stock will be more than 30% underwater in next one year.

19.6%

Probability that Citigroup stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does C drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Citigroup was unfortunately bought at previous high price.

Drawdowns

Returns for C

Cumulative Returns on C

2.1%

10-Year Cumulative Returns

3.7%

7-Year Cumulative Returns

-5.0%

5-Year Cumulative Returns

4.6%

3-Year Cumulative Returns

What are the long-term rolling returns for C?

FIve years rolling returns for Citigroup.

Annualized Returns

Which funds bought or sold C recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	Prostatis Group LLC	added	7.86	-2.00	50,393	0.03%
2023-03-23	MetLife Investment Management, LLC	reduced	-1.6	1,457,230	22,878,700	0.18%
2023-03-17	American Portfolios Advisors	reduced	-0.36	-137,081	1,273,910	0.05%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-9.98	-66,923	2,793,080	0.08%
2023-03-13	Claro Advisors LLC	new	-	224,163	224,163	0.07%
2023-03-10	MATHER GROUP, LLC.	sold off	-100	-256,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-2.94	3,579,830	70,460,800	0.08%
2023-03-08	Capital Asset Advisory Services LLC	added	25.86	361,686	1,329,690	0.11%
2023-03-07	Great Lakes Retirement, Inc.	new	-	563,594	563,594	0.14%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	added	4.11	171,555	1,490,560	0.57%

Latest Funds Activity

Are funds buying C calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own C

No. of Funds

C Alerts

3 major insider sales recently.

Citigroup News

Schedule 13G FIlings of Citigroup

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.66%	167,689,164	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	163,468,812	SC 13G/A
Feb 09, 2022	vanguard group inc	8.31%	164,986,164	SC 13G/A
Jan 31, 2022	blackrock inc.	8.1%	160,163,284	SC 13G/A
Feb 10, 2021	vanguard group inc	8.08%	168,301,533	SC 13G/A
Feb 08, 2021	blackrock inc.	7.5%	155,739,588	SC 13G/A
Feb 12, 2020	vanguard group inc	8.19%	179,002,524	SC 13G/A
Feb 12, 2020	vanguard group inc	8.19%	179,002,524	SC 13G/A
Feb 12, 2020	vanguard group inc	8.19%	179,002,524	SC 13G/A
Feb 12, 2020	vanguard group inc	8.19%	179,002,524	SC 13G/A

C Fair Value

Citigroup fair value in different scenarios

The table shows the Fair Value estimates for Citigroup for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	56.51 26.19%	87.49 95.38%	123.63 176.08%	157.46 251.63%	181.70 305.76%
Current Inflation	54.02 20.63%	65.53 46.34%	77.67 73.45%	95.95 114.27%	130.77 192.03%
Very High Inflation	49.42 10.36%	70.77 58.04%	95.47 113.20%	119.33 166.48%	135.53 202.66%

Historical Citigroup Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Citigroup

View All Filings

Date Filed	Form Type	Document
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	FWP	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed
Mar 27, 2023	424B2	Prospectus Filed

Latest Insider Trading transactions for C

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-20	COLE TITILOPE	sold (taxes)	-161,097	44.25	-3,640	ceo, legacy franchises
2023-03-03	Livingstone David	sold (taxes)	-48,042	51.4	-934	ceo, europe,middle east&africa
2023-03-03	Livingstone David	acquired	-	-	21,032	ceo, europe,middle east&africa
2023-03-03	Fernandez de Ybarra Francisco	acquired	-	-	22,231	ceo, institutional clients grp
2023-03-03	Whitaker Michael	acquired	-	-	21,837	head of enterprise o&t
2023-02-21	Wechter Sara	sold	-149,772	50.77	-2,950	head of human resources
2023-02-20	Turek Zdenek	sold (taxes)	-250,823	51.42	-4,877	chief risk officer
2023-02-20	Fernandez de Ybarra Francisco	sold (taxes)	-2,029,710	51.42	-39,473	ceo, institutional clients grp
2023-02-20	Whitaker Michael	sold (taxes)	-1,000,760	51.42	-19,462	head of enterprise o&t
2023-02-17	COLE TITILOPE	sold	-5,015	51.18	-98.00	ceo, legacy franchises

About Citigroup

Jane N. Fraser

www.citigroup.com

65535

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

C Income Statement

2022-12-31

CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Revenues

Interest revenue

$ 74,408

$ 50,475

$ 58,089

Interest expense

25,740

7,981

13,338

Net interest income

48,668

42,494

44,751

Commissions and fees

9,175

13,672

11,385

Principal transactions

14,159

10,154

13,885

Administration and other fiduciary fees

3,784

3,943

3,472

Realized gains on sales of investments, net

665

1,756

Impairment losses on investments:

Impairment losses on investments and other assets

(499)

(206)

(165)

Provision for credit losses on AFS debt securities

^[1]

(3)

Net impairment losses recognized in earnings

(494)

(209)

(168)

Other revenue

(21)

1,165

420

Total non-interest revenues

26,670

29,390

30,750

Total revenues, net of interest expense

75,338

71,884

75,501

Provisions for credit losses and for benefits and claims

Provision for credit losses on loans

4,745

(3,103)

15,922

Provision for credit losses on held-to-maturity (HTM) debt securities

(3)

Provision for credit losses on other assets

Policyholder benefits and claims

116

113

Provision for credit losses on unfunded lending commitments

291

(788)

1,446

Total provisions for credit losses and for benefits and claims

^[2]

5,239

(3,778)

17,495

Operating expenses

Compensation and benefits

26,655

25,134

22,214

Premises and equipment

2,320

2,314

2,333

Technology/communication

8,587

7,828

7,383

Advertising and marketing

1,556

1,490

1,217

Other operating

12,174

11,427

11,227

Total operating expenses

51,292

48,193

44,374

Income from continuing operations before income taxes

18,807

27,469

13,632

Provision for income taxes

3,642

5,451

2,525

Income from continuing operations

15,165

22,018

11,107

Discontinued operations

Income (loss) from discontinued operations

(272)

(20)

Benefit for income taxes

(41)

Income (loss) from discontinued operations, net of taxes

(231)

(20)

Net income before attribution of noncontrolling interests

14,934

22,025

11,087

Noncontrolling interests

Citigroup’s net income

$ 14,845

$ 21,952

$ 11,047

Basic earnings per share

Income from continuing operations (in dollars per share)

^[3]

$ 7.16

$ 10.21

$ 4.75

Loss from discontinued operations, net of taxes (in dollars per share)

^[3]

(0.12)

(0.01)

Net income (in dollars per share)

^[3]

$ 7.04

$ 10.21

$ 4.74

Weighted average common shares outstanding (in shares)

1,946.7

2,033.0

2,085.8

Diluted earnings per share

Income from continuing operations (in dollars per share)

^[3]

$ 7.11

$ 10.14

$ 4.73

Loss from discontinued operations, net of taxes (in dollars per share)

^[3]

(0.12)

(0.01)

Net income (in dollars per share)

^[3]

$ 7.00

$ 10.14

$ 4.72

Adjusted weighted average common shares outstanding (in shares)

1,964.3

2,049.4

2,099.0

[1]	n accordance with ASC 326, which requires the provision for credit losses on AFS securities to be included in revenue.
[2]	This total excludes the provision for credit losses on AFS securities, which is disclosed separately above.
[3]	Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.

C Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks (including segregated cash and other deposits)	$ 30,577	$ 27,515
Deposits with banks, net of allowance	311,448	234,518
Securities borrowed and purchased under agreements to resell (including $239,527 and $216,466 as of December 31, 2022 and 2021, respectively, at fair value), net of allowance	365,401	327,288
Brokerage receivables, net of allowance	54,192	54,340
Trading account assets (including $133,535 and $133,828 pledged to creditors at December 31, 2022 and 2021, respectively)	334,114	331,945
Investments:
Available-for-sale debt securities (including $10,933 and $9,226 pledged to creditors as of December 31, 2022 and 2021, respectively), net of allowance	249,679	288,522
Held-to-maturity debt securities (fair value of which is $243,648 and $216,038 as of December 31, 2022 and 2021, respectively) (includes $— and $1,460 pledged to creditors as of December 31, 2022 and 2021, respectively), net of allowance	268,863	216,963
Equity securities (including $895 and $1,032 as of December 31, 2022 and 2021, respectively, at fair value)	8,040	7,337
Total investments	526,582	512,822
Loans:
Loans, net of unearned income	657,221	667,767
Allowance for credit losses on loans (ACLL)	(16,974)	(16,455)
Total loans, net	640,247	651,312
Goodwill	19,691	21,299
Intangible assets (including MSRs of $665 and $404 as of December 31, 2022 and 2021, respectively, at fair value)	4,428	4,495
Premises and equipment, net of depreciation and amortization	26,253	24,328
Other assets (including $10,658 and $12,342 as of December 31, 2022 and 2021, respectively, at fair value), net of allowance	103,743	101,551
Total assets	2,416,676	2,291,413
Liabilities
Deposits (including $1,875 and $1,666 as of December 31, 2022 and 2021, respectively, at fair value)	1,365,954	1,317,230
Securities loaned and sold under agreements to repurchase (including $70,886 and $56,694 as of December 31, 2022 and 2021, respectively, at fair value)	202,444	191,285
Brokerage payables (including $4,439 and $3,575 as of December 31, 2022 and 2021, respectively, at fair value)	69,218	61,430
Trading account liabilities	170,647	161,529
Short-term borrowings (including $6,222 and $7,358 as of December 31, 2022 and 2021, respectively, at fair value)	47,096	27,973
Long-term debt (including $105,995 and $82,609 as of December 31, 2022 and 2021, respectively, at fair value)	271,606	254,374
Other liabilities	87,873	74,920
Total liabilities	2,214,838	2,088,741
Stockholders’ equity
Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: 759,800 as of December 31, 2022 and 759,800 as of December 31, 2021, at aggregate liquidation value	18,995	18,995
Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: 3,099,669,424 as of December 31, 2022 and 3,099,651,835 as of December 31, 2021	31	31
Additional paid-in capital	108,458	108,003
Retained earnings	194,734	184,948
Treasury stock, at cost: 1,162,682,999 shares as of December 31, 2022 and 1,115,296,641 shares as of December 31, 2021	(73,967)	(71,240)
Accumulated other comprehensive income (loss) (AOCI)	(47,062)	(38,765)
Total Citigroup stockholders’ equity	201,189	201,972
Noncontrolling interests	649	700
Total equity	201,838	202,672
Total liabilities and equity	2,416,676	2,291,413
Consumer
Loans:
Loans, net of unearned income	368,067	376,534
Allowance for credit losses on loans (ACLL)	(14,119)	(14,040)
Corporate
Loans:
Loans, net of unearned income	289,154	291,233
Allowance for credit losses on loans (ACLL)	$ (2,855)	$ (2,415)