Citigroup (C)
NYSE:C
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Citigroup
(NYSE:C)
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Rating:66Neutral
Price Target:
$136.00
â–²(2.89% Upside)
Action:ReiteratedDate:05/09/26
The score is driven by a mixed financial profile—improving revenue/profitability but persistently negative cash flow and higher leverage. This is partly offset by a constructive earnings call (ROTCE/efficiency targets and ongoing buybacks) and an attractive valuation (low P/E). Technicals are supportive on longer averages but mixed near-term, keeping the overall score in the mid-range.
Positive Factors
Services segment strength
Services shows durable, fee-rich growth driven by large client mandates, higher custody balances and deposits. High ROTCE (27%) and repeated new mandates indicate competitive positioning in transaction banking and cross-border services, supporting stable non‑interest income over time.
Negative Factors
Negative cash flow trends
Repeated negative operating and free cash flow over multiple years challenges the quality and sustainability of reported earnings. Persistent outflows reduce internal funding for investment and buybacks, increasing reliance on external funding or capital actions if cash generation doesn't normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Services segment strength
Services shows durable, fee-rich growth driven by large client mandates, higher custody balances and deposits. High ROTCE (27%) and repeated new mandates indicate competitive positioning in transaction banking and cross-border services, supporting stable non‑interest income over time.
Read all positive factors
Citigroup (C) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$215.31B
Dividend Yield1.94%
Average Volume (3M)14.31M
Price to Earnings (P/E)8.5
Beta (1Y)1.47
Revenue Growth3.02%
EPS Growth27.74%
CountryUS
Employees229,000
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)8.20
Shares Outstanding1,714,907,500
10 Day Avg. Volume11,135,047
30 Day Avg. Volume14,307,511
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.00
Price to Sales (P/S)1.26
P/FCF Ratio-2.86
Enterprise Value/Market Cap4.39
Enterprise Value/Revenue5.52
Enterprise Value/Gross Profit12.14
Enterprise Value/Ebitda39.19
Forecast
1Y Price Target
$146.39Price Target Upside10.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)10.83
Revenue Forecast (FY)$93.40B
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 makes money primarily by earning interest income, generating fee-based revenue, and booking trading/market-related revenue across its banking and institutional businesses.
1) Net interest income (lending spread): Citi earns interest on ...
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:Apr 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 10, 2026
Earnings Call Sentiment Positive
The call presented material and broad-based operational momentum: double-digit revenue growth firm-wide, particularly strong performance in Services and Markets, improved efficiency, solid capital metrics, and active capital returns. Headline credit reserves, near-term severance and transformation-related costs, lower returns in parts of consumer banking, lingering disallowed DTA, and macro/regulatory uncertainty are notable cautions. Overall, the positives across core businesses, capital returns, and transformation progress outweigh these challenges.Positive Updates
Strong Firm-wide Financial Results
Net income of $5.8 billion, EPS of $3.06, ROTCE of 13.1% for Q1 2026 on $24.6 billion of revenues, with total revenues up 14% year-over-year and positive operating leverage across the firm.
Negative Updates
Credit Costs and Reserve Builds
Firm-wide cost of credit $2.8 billion including a net ACL build of $597 million; U.S. Cards cost of credit $2.1 billion (including $350 million ACL build) and firm reserves increased to nearly $22 billion with a reserve-to-funded-loans ratio of 2.6% (U.S. Cards reserve-to-funded-loans ~8%).
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Firm-wide Financial Results
Net income of $5.8 billion, EPS of $3.06, ROTCE of 13.1% for Q1 2026 on $24.6 billion of revenues, with total revenues up 14% year-over-year and positive operating leverage across the firm.
Read all positive updates
Company Guidance
Citigroup’s 2026 guidance calls for ROTCE of 10%–11% for the year (Q1 ROTCE was 13.1%), NII ex‑Markets up ~5%–6% (backed by mid‑single‑digit loan and deposit growth), NIR ex‑Markets to grow (driven by Services, Banking and Wealth), and an efficiency ratio around 60% (Q1 was 58%, ~400 bps YoY improvement); credit guidance includes a U.S. Cards net charge‑off rate of 4.0%–4.5% and ACLs that will vary with macro and volumes (Q1 firm‑wide net ACL build ~$597m; total reserves ≈$22bn; reserve‑to‑funded‑loans 2.6%; U.S. Cards reserve‑to‑funded‑loans 8%); capital priorities include continued buybacks (Q1 repurchases $6.3bn toward a $20bn plan), a target CET1 near ~12.6% for the year (Q1 CET1 12.7%, ~110 bps above the 11.6% regulatory requirement including a 100 bp buffer), and strong liquidity (average LCR 114%, >$1tn available); all guidance is subject to macro and market conditions and more buyback/capital detail will be provided at Investor Day.Citigroup Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
55
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 171.19B | 168.30B | 170.71B | 155.38B | 100.22B | 79.87B |
| Gross Profit | 77.85B | 74.98B | 71.12B | 67.90B | 69.37B | 75.78B |
| EBITDA | 24.12B | 23.10B | 21.36B | 17.47B | 23.07B | 31.43B |
| Net Income | 15.99B | 14.27B | 12.68B | 9.23B | 14.85B | 21.95B |
Balance Sheet | ||||||
| Total Assets | 2.78T | 2.66T | 2.35T | 2.41T | 2.42T | 2.29T |
| Cash, Cash Equivalents and Short-Term Investments | 23.63B | 675.44B | 498.02B | 506.00B | 580.77B | 541.33B |
| Total Debt | 749.21B | 715.80B | 590.56B | 602.18B | 521.15B | 473.63B |
| Total Liabilities | 2.57T | 2.44T | 2.14T | 2.21T | 2.21T | 2.09T |
| Stockholders Equity | 210.96B | 212.29B | 208.60B | 205.45B | 201.19B | 201.97B |
Cash Flow | ||||||
| Free Cash Flow | -37.22B | -74.15B | -26.17B | -80.00B | 19.44B | 42.97B |
| Operating Cash Flow | -30.80B | -67.63B | -19.67B | -73.42B | 25.07B | 47.09B |
| Investing Cash Flow | -21.69B | -108.28B | 86.25B | -8.46B | -79.45B | -110.75B |
| Financing Cash Flow | 124.30B | 238.03B | -38.30B | 687.00M | 137.76B | 17.27B |
Citigroup Technical Analysis
Positive
132.18
Price Trends
114.83
Positive
113.88
Positive
104.63
Positive
Market Momentum
5.15
Negative
72.95
Negative
88.69
Negative
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 132.18 is above the 20-day moving average (MA) of 118.84, above the 50-day MA of 114.83, and above the 200-day MA of 104.63, indicating a bullish trend. The MACD of 5.15 indicates Negative momentum. The RSI at 72.95 is Negative, neither overbought nor oversold. The STOCH value of 88.69 is Negative, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $809.48B | 12.43 | 16.32% | 1.79% | 1.33% | 2.47% | |
73 Outperform | $308.28B | 9.62 | 12.07% | 4.14% | -6.12% | 12.49% | |
72 Outperform | $364.13B | 10.30 | 10.50% | 1.93% | -1.69% | 20.90% | |
68 Neutral | $276.27B | 11.41 | 14.58% | 1.55% | 2.63% | 26.98% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $215.31B | 8.51 | 7.53% | 1.94% | 3.02% | 27.74% | |
65 Neutral | $231.47B | 11.96 | 12.04% | 1.80% | 1.28% | 16.35% |
* Financial Sector Average
C
Citigroup
125.55
52.30
71.40%
BAC
Bank of America
51.31
8.90
21.00%
HSBC
HSBC Holdings
90.16
34.32
61.48%
JPM
JPMorgan Chase
302.10
47.01
18.43%
WFC
Wells Fargo
75.64
2.37
3.23%
GS
Goldman Sachs Group
936.48
357.14
61.65%
Citigroup Corporate Events
Business Operations and StrategyFinancial Disclosures
Citigroup Restructures Segment Reporting and Capital Allocation
Neutral
Apr 3, 2026
Citigroup has reorganized its segment reporting for the first quarter of 2026, moving its Retail Banking business out of U.S. Personal Banking and into the Wealth segment, while consolidating the remaining U.S. Personal Banking operations into a n...
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...
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.