CITIGROUP Inc (C)

Citigroup, Inc. is one of the leading banking conglomerates in the world. It is based on Citibank, one of the oldest banks in the United States, founded in 1812. The company in its current form was created in 1998 with the merger of Citicorp bank and Travelers Group insurance company.

Company’s profile

• Citigroup is one of the members of the Big Four largest US banks. In addition, it includes Bank of America, JPMorgan Chase and Wells Fargo.
• In addition to banking services for individuals and businesses, the company also works with the US Treasury.
• It provides banking services not only in the USA, but also in other countries - Canada, Mexico, Europe, the Middle East and Africa - in a total of 19 countries. There are more than 2,600 bank branches around the world.
• Is a major issuer of credit cards. The company issues credit cards not only in its own branches, but also in partnership with other large corporations, for example, American Airlines, Best Buy or Macy's.

Financial data

Based on the results of 2021:

• The company's annual revenue was $71.8 bn.
• Net profit - 22 bn.
• Market value - 105.3 bn.
• Capitalization - 94.9 bn.
• 44th place in the Fortune 500 list of the most valuable US companies.

Shares

Citigroup, Inc. shares are traded on the New York Stock Exchange under the ticker C and are a component of two major indices, the S&P 100 and the S&P 500.

The corporation pays dividends quarterly. Their size is growing steadily and now amounts to $0.51 per share.

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