Citigroup Inc (NYSE:C): Company And Stock Updates


Dallas, Texas 11/19/2013 (Financialstrend) – In Monday’s trading session, Citigroup Inc (NYSE:C) rose by 0.77%. The shares opened at a price of $50.80, which touched the intraday high of $51.40 and headed to a close of $50.79. Around 26.35 million exchanged hands over the trading day and an average volume of 23.45 million shares were traded over a 30 day period. The 52-week low of Citigroup Inc (NYSE:C) shares is $43.04 and its 52-week high is $53.56. The company has a market capitalization of $154.05 billion.                                        

About the company

Citigroup Inc (NYSE:C) was incorporated on 8th March 1988. It is an international diversified financial-services holding company. Its businesses provide corporations, consumers, governments as well as institutions with a wide range of financial-products & services, such as consumer banking & credit, corporate & investment banking, securities-brokerage, transaction services &wealth management. Citigroup Inc (NYSE:C) operates in 2 business segments: 1- Citicorp- this is made up of its  Global Consumer Banking businesses &  Institutional Clients Group, 2-  Citi Holdings- this is made up of Brokerage &  Asset Management, Local Consumer Lending & Special Asset Pool.

In 2012 February, Citigroup Inc (NYSE:C) sold its 9.85% stake in the Housing Development Finance Corporation. In 2012 May, the company sold 10.1% stake in Akbank T.A.S. In 2012 September, it sold EMI Group’s recorded music-division, EMI Music, to Vivendi & its subsidiary, Universal Music Group. In 2013 August, Pershing Square Capital Management sold 18 percent of its interest to Citigroup Inc (NYSE:C)

Global Consumer Banking

The Global Consumer Banking segment is made up of Citigroup Inc (NYSE:C)’s 4 geographical Regional-Consumer-Banking businesses. These businesses provide traditional banking-services to its retail customers via retail banking, commercial banking, and Citi-branded-cards & Citi retail-services. GCB is the company’s internationally-diversified business that has 4,008 branches across 39 countries in the world. As of 31st December 2012, GCB had $322B worth of average deposits.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.