Citigroup (C)
NYSE:C
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Citigroup
(NYSE:C)
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Rating:58Neutral
Price Target:
$120.00
â–²(6.75% Upside)
Action:ReiteratedDate:02/21/26
Overall score reflects mixed financial performance led by weak recent cash-flow consistency and higher leverage, partially offset by a constructive earnings-call outlook (NII growth, efficiency improvements, ROTCE targets and buybacks). Technicals are broadly neutral and valuation is reasonable with a moderate dividend yield; corporate events add only minor, mixed impact.
Positive Factors
Diversified, record revenues across businesses
Sustained record performance across five core businesses indicates a diversified revenue base that reduces single-market cyclicality. Over time this breadth supports stability in top-line cash flows and makes recovery from segment-specific shocks (markets, cards, wealth) more durable versus peers reliant on one line of business.
Negative Factors
Persistent negative cash flow
Repeated negative operating and free cash flow over multiple years raises questions about the quality and convertibility of reported earnings into cash. For a bank, persistent cash outflows constrain internal capital generation, increase reliance on external funding or capital issuance, and limit the pace of durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified, record revenues across businesses
Sustained record performance across five core businesses indicates a diversified revenue base that reduces single-market cyclicality. Over time this breadth supports stability in top-line cash flows and makes recovery from segment-specific shocks (markets, cards, wealth) more durable versus peers reliant on one line of business.
Read all positive factors
Citigroup (C) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$196.64B
Dividend Yield1.94%
Average Volume (3M)15.26M
Price to Earnings (P/E)21.8
Beta (1Y)1.47
Revenue Growth-0.62%
EPS Growth105.57%
CountryUS
Employees229,000
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)1.19
Shares Outstanding1,749,319,000
10 Day Avg. Volume15,616,533
30 Day Avg. Volume15,261,340
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.00
Price to Sales (P/S)1.26
P/FCF Ratio9.53
Enterprise Value/Market Cap2.82
Enterprise Value/Revenue3.29
Enterprise Value/Gross Profit7.39
Enterprise Value/Ebitda23.98
Forecast
1Y Price Target
$133.11Price Target Upside18.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
EPS Forecast (FY)10.33
Revenue Forecast (FY)$90.76B
Citigroup Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Citigroup generates revenue through multiple streams. Its Global Consumer Banking segment earns money primarily from interest income on loans, fees from credit card services, and various banking fees. The Institutional Clients Group contributes si...
Citigroup Key Performance Indicators (KPIs)
Any
Institutional Revenue Breakdown
Details revenue from institutional clients, highlighting Citigroup's performance in investment banking, trading, and other financial services for large organizations.
Details revenue from institutional clients, highlighting Citigroup's performance in investment banking, trading, and other financial services for large organizations.
Data provided by:
The Fly
The FlyCitigroup Earnings Call Summary
Earnings Call Date:Jan 14, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 14, 2026
Earnings Call Sentiment Positive
The call conveyed clear progress: strong revenue growth, record performance across businesses, robust capital returns, improving returns and demonstrable transformation and AI adoption. These positives were tempered by notable one-time impacts (Russia), rising expenses, credit losses concentrated in cards and Mexico, and some near-term revenue volatility in markets and retail services. Management expects continued NII growth, further expense discipline targeting an efficiency ratio around 60% in 2026, and ongoing buybacks, while regulatory timing and certain credit/fee headwinds remain watch items.Positive Updates
Adjusted EPS and Return Improvement
Adjusted Q4 EPS of $1.81 and adjusted ROTCE of 7.7%; full-year adjusted ROTCE improved to 8.8% (a 180 bps improvement after adjusting for Banamex and Russia) and adjusted net income surpassed $16.0 billion.
Negative Updates
Reported vs Adjusted Results and Russia Notable Item Impact
Reported Q4 net income was $2.5 billion, EPS $1.19 and ROTCE 5.1% (vs adjusted net income $3.6 billion, EPS $1.81 and ROTCE 7.7%), with the held-for-sale accounting treatment of Russia materially affecting reported metrics; total revenues were up only 2% reported vs up 8% adjusted.
Read all updates
Q4-2025 Updates
Positive
Negative
Adjusted EPS and Return Improvement
Adjusted Q4 EPS of $1.81 and adjusted ROTCE of 7.7%; full-year adjusted ROTCE improved to 8.8% (a 180 bps improvement after adjusting for Banamex and Russia) and adjusted net income surpassed $16.0 billion.
Read all positive updates
Company Guidance
Citi’s 2026 guidance calls for net interest income excluding markets to grow 5–6% (after nearly 6% in 2025), a targeted efficiency ratio of around 60% with another year of positive operating leverage across the firm, and a ROTCE target of 10–11%; markets revenues are expected to be roughly flat y/y while fee (non‑interest) revenue ex‑markets should continue to grow and support NIRxMarkets momentum. Management expects loan volumes to rise mid‑single digits and deposit volumes to rise mid‑single digits (driven by services and wealth), card net credit losses to remain within 2025 guidance (2025 branded cards NCL ~3.6%, retail services ~5.73%), continued share buybacks under the $20 billion program (>$13 billion repurchased in 2025, $4.5 billion in Q4), and a capital posture that moves toward a ~100 bps CET1 management buffer (preliminary CET1 13.2%, ~160 bps above the 11.6% requirement, with an eventual path toward ~12.6%).Citigroup Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 168.30B | 170.71B | 155.38B | 100.22B | 79.87B |
| Gross Profit | 74.98B | 71.12B | 67.90B | 69.37B | 75.78B |
| EBITDA | 23.10B | 21.36B | 17.47B | 23.07B | 31.43B |
| Net Income | 14.27B | 12.68B | 9.23B | 14.85B | 21.95B |
Balance Sheet | |||||
| Total Assets | 2.66T | 2.35T | 2.41T | 2.42T | 2.29T |
| Cash, Cash Equivalents and Short-Term Investments | 675.44B | 498.02B | 506.00B | 580.77B | 541.33B |
| Total Debt | 715.80B | 590.56B | 602.18B | 521.15B | 473.63B |
| Total Liabilities | 2.44T | 2.14T | 2.21T | 2.21T | 2.09T |
| Stockholders Equity | 212.29B | 208.60B | 205.45B | 201.19B | 201.97B |
Cash Flow | |||||
| Free Cash Flow | 22.28B | -26.17B | -80.00B | 19.44B | 42.97B |
| Operating Cash Flow | 28.80B | -19.67B | -73.42B | 25.07B | 47.09B |
| Investing Cash Flow | -204.72B | 86.25B | -8.46B | -79.45B | -110.75B |
| Financing Cash Flow | 238.03B | -38.30B | 687.00M | 137.76B | 17.27B |
Citigroup Technical Analysis
Positive
112.41
Price Trends
112.99
Negative
110.72
Positive
101.49
Positive
Market Momentum
-0.17
Negative
52.93
Neutral
78.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For C, the sentiment is Positive. The current price of 112.41 is above the 20-day moving average (MA) of 109.53, below the 50-day MA of 112.99, and above the 200-day MA of 101.49, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 52.93 is Neutral, neither overbought nor oversold. The STOCH value of 78.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for C.
Citigroup Risk Analysis
Citigroup disclosed 24 risk factors in its most recent earnings report. Citigroup reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Citigroup Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $274.47B | 12.28 | 11.88% | 4.14% | -9.54% | -22.46% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $786.62B | 15.75 | 15.95% | 1.79% | 1.89% | 12.32% | |
66 Neutral | $346.20B | 13.28 | 10.15% | 1.93% | 0.15% | 33.84% | |
64 Neutral | $244.12B | 16.00 | 13.81% | 1.55% | 2.31% | 44.49% | |
61 Neutral | $243.83B | 13.89 | 11.78% | 1.80% | -4.37% | 26.41% | |
58 Neutral | $196.64B | 21.83 | 6.71% | 1.94% | -0.62% | 105.57% |
* Financial Sector Average
C
Citigroup
107.38
38.83
56.65%
BAC
Bank of America
46.97
6.63
16.43%
HSBC
HSBC Holdings
79.19
24.29
44.24%
JPM
JPMorgan Chase
282.84
44.87
18.86%
WFC
Wells Fargo
77.19
8.00
11.57%
GS
Goldman Sachs Group
802.89
270.79
50.89%
Citigroup Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Citigroup Board Sets $42 Million Pay for CEO
Positive
Feb 12, 2026
On February 11, 2026, Citi’s board set CEO Jane Fraser’s 2025 compensation at $42 million, citing record 2025 revenues in each of the firm’s five core businesses, improved returns, and sector‑leading share price performance...
Private Placements and FinancingRegulatory Filings and Compliance
Citigroup Establishes New 6.5% Series JJ Preferred Stock
Neutral
Feb 12, 2026
On February 11, 2026, Citigroup Inc. filed a Certificate of Designations in Delaware to create a new series of preferred stock, the 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ, which became effective immediately and amended th...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Citigroup Establishes New 6.250% Preferred Stock Series II
Positive
Feb 3, 2026
On February 2, 2026, Citigroup Inc. filed a Certificate of Designations in Delaware to create a new series of preferred equity, its 6.250% Noncumulative Preferred Stock, Series II, immediately amending its Restated Certificate of Incorporation. Th...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Citigroup Board Approves Sale of Remaining Russian Operations
Negative
Dec 29, 2025
On December 29, 2025, Citigroup’s board approved a plan to sell AO Citibank, which houses Citi’s remaining operations in Russia and is currently reported across its Services, Markets, Banking and Legacy Franchises segments. As a result...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Citigroup Establishes New Series of Preferred Stock
Neutral
Dec 10, 2025
On December 9, 2025, Citigroup Inc. filed a Certificate of Designations with the Delaware Secretary of State to establish a new series of preferred stock, the 6.625% Fixed Rate Reset Noncumulative Preferred Stock, Series HH. This move, effective i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.