Citi is a global financial services company that operates through five main business segments, providing a wide range of financial products and services . The company offers cash management, trade, working capital solutions, securities services, sales and trading services, investment banking, corporate lending, traditional banking services, and wealth management . Citi's diversified business model and global network enable it to maintain leadership positions in key areas and drive revenue growth across its segments .
- Services - Provides cash management, trade, working capital solutions, and securities services through Treasury and Trade Solutions (TTS) and Securities Services .
- Treasury and Trade Solutions (TTS) - Offers cash management and trade solutions.
- Securities Services - Delivers securities services and working capital solutions.
- Markets - Offers sales and trading services across various asset classes, including equities and fixed income, with a focus on maintaining leadership in fixed income .
- Banking - Encompasses Investment Banking and Corporate Lending, supporting client capital-raising needs and strategic financing solutions .
- U.S. Personal Banking (USPB) - Includes Branded Cards and Retail Services, providing traditional banking services and contributing to consistent revenue growth .
- Branded Cards - Offers credit card services.
- Retail Services - Provides traditional banking services.
- Wealth - Serves affluent and high-net-worth clients with a range of financial services, expected to grow at a high single-digit to low double-digit CAGR .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Titi Cole ExecutiveBoard | Director | Datadog, Inc. (Board Member), Sickle Cell Hope Alive Foundation (Executive Director of Development) | Titi Cole is a Director at Citigroup as of January 31, 2025, previously serving as Head of Legacy Franchises. | |
Jane N. Fraser Executive | CEO | Council on Foreign Relations (Board Member), Harvard Business School (Board of Dean’s Advisors), Stanford Advisory Board (Member) | Jane Fraser is the CEO of Citigroup Inc. since March 2021, with extensive experience across Citigroup’s business segments and recognized for her leadership in governance, regulatory interaction, and risk management. | View Report → |
Mark A. L. Mason Executive | CFO | N/A | Mark Mason is the CFO of Citigroup, having joined in 2001. He has held various senior roles within Citigroup, including CEO of Citi Private Bank and CFO of Citi’s Institutional Clients Group. | |
Patrick Scally Executive | Interim Controller | N/A | Patrick Scally is the Interim Controller of Citigroup since September 2024, having been with the company since 1992. | |
Robert Walsh Executive | Interim Chief Accounting Officer | N/A | Robert Walsh is the Interim Chief Accounting Officer of Citigroup since September 2024, with over two decades of experience at Citigroup. | |
Barbara J. Desoer Board | Director | DaVita Inc. (Board Member), InStride (Advisory Board Member) | Barbara Desoer has been a Director of Citigroup since 2019, with over 40 years of experience in financial services, including a 35-year career at Bank of America. | |
Casper W. von Koskull Board | Director | Heimstaden Bostad Ab (Chairman), Fazer Ab (Chairman), Stena Ab (Board Member) | Casper von Koskull has been a Director of Citigroup since January 2023, with over 35 years of experience in institutional and international finance. | |
Diana L. Taylor Board | Director | Brookfield Corporation (Director), Accion (Chair of the Board), Columbia Business School (Board of Overseers) | Diana Taylor has been a Director of Citigroup since 2009, with extensive experience in financial services and regulatory compliance. | |
Duncan P. Hennes Board | Director | RenaissanceRe Holdings Ltd. (Board Member) | Duncan Hennes has been a Director of Citigroup since 2013, with extensive experience in risk management, financial services, and corporate governance. | |
Ellen M. Costello Board | Director | The Economic Club of Chicago (Member) | Ellen Costello has been a Director of Citigroup since 2016, with extensive experience in financial services, risk management, and regulatory compliance. | |
Gary M. Reiner Board | Director | Hewlett Packard Enterprise Company (Board Member) | Gary Reiner has been a Director of Citigroup since 2013, with expertise in technology, cybersecurity, and data management. | |
Grace E. Dailey Board | Director | N/A | Grace Dailey has been a Director of Citigroup since 2019, with 36 years of experience as a banking regulator, focusing on risk management and regulatory compliance. | |
James S. Turley Board | Director | Emerson Electric Co. (Board Member), Northrop Grumman Corporation (Board Member), Precigen, Inc. (Board Member) | James Turley has been a Director of Citigroup since 2013, with expertise in financial reporting, corporate governance, and risk management. | |
John C. Dugan Board | Chair of Citigroup Inc. | Mitsubishi UFJ Financial Group, Inc. (Global Advisory Board Member), University of Michigan’s “Michigan in Washington” Program (Advisory Board Member) | John Dugan has been Chair of Citigroup Inc. since January 2019, with a background in regulatory, legal, and compliance matters. | |
Peter B. Henry Board | Director | Nike, Inc. (Board Member), Analog Devices, Inc. (Board Member), National Bureau of Economic Research (Board Member) | Peter Henry has been a Director of Citigroup since 2015, providing insights on emerging markets and international business. | |
Renée J. James Board | Director | Ampere Computing (Founder, Chair, and CEO), Oracle Corporation (Board Member) | Renée James has been a Director of Citigroup since 2016, with a background in technology leadership and cybersecurity. | |
S. Leslie Ireland Board | Director | The Stimson Center (Board Member), Chubb Insurance (Cyber Advisory Board Member), KnightSwan Acquisition Corp. (Director) | S. Leslie Ireland has been a Director of Citigroup since 2017, with expertise in financial intelligence, cybersecurity, and risk management. |
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Given the progress you've made on the transformation and regulatory consent orders, why did you receive an amended consent order related to data quality and regulatory reporting, and is this an issue of insufficient resources or needing to change your approach?
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You mentioned that you closed a BSA/AML order this quarter, yet concerns remain about your data quality and regulatory reporting; can you clarify whether these issues are impacting your ability to serve clients or causing any operational disruptions?
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With your stock trading at $64 compared to a tangible book value of $90, why aren't you being more aggressive in repurchasing shares, especially given the disconnect between your performance and stock price?
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In light of concerns about judicial reform in Mexico and the potential negative impact on Banamex's valuation, how do you plan to proceed with the IPO, and are you prepared to delay it if market conditions don't improve?
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Despite improvements in net interest income in certain areas, you've guided for NII ex-markets to be roughly flat sequentially and slightly down for the full year; what's driving this headwind, and how do you plan to address it going forward?
Research analysts who have asked questions during CITIGROUP earnings calls.
Ebrahim Poonawala
Bank of America Securities
5 questions for C
Erika Najarian
UBS
5 questions for C
Gerard Cassidy
RBC Capital Markets
5 questions for C
James Mitchell
Seaport Global Holdings LLC
5 questions for C
Matthew O'Connor
Deutsche Bank
5 questions for C
Saul Martinez
HSBC
5 questions for C
Betsy Graseck
Morgan Stanley
4 questions for C
Glenn Schorr
Evercore ISI
4 questions for C
John McDonald
Truist Securities
4 questions for C
Michael Mayo
Wells Fargo
3 questions for C
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for C
Ken Usdin
Autonomous Research
2 questions for C
Mike Mayo
Wells Fargo
2 questions for C
Steven Alexopoulos
JPMorgan Chase & Co.
2 questions for C
Vivek Juneja
JPMorgan Chase & Co.
2 questions for C
Kenneth Usdin
Jefferies
1 question for C
Ryan Kenny
Morgan Stanley
1 question for C
Citations: The auditor, KPMG LLP, has served as Citigroup's auditor since 1969. **[0000831001-24-000033_c-20231231.htm:211]**
Recent press releases and 8-K filings for C.
- SunStrong closed a $900 million asset-backed securitization of residential solar assets—the largest solar ABS issuance this year—priced on September 19 and closed on September 30, 2025.
- The deal comprises four tranches: public Class A-1 (coupon 5.95%), private A-2, and retained Classes B and C.
- The pool includes 64,024 solar assets (≈528 MW capacity) across 18 states with a weighted average FICO of 763.
- ATLAS SP Partners acted as sole structuring agent and joint bookrunner; ING Financial Markets was joint bookrunner; Bank of America Securities and Citigroup were co-managers.
- The trust established at Citigroup by Eric Trump holds President Trump’s assets and is managed by select personnel including wealth management head Andy Sieg under tight controls.
- Citigroup faced $136 million in fines from the Federal Reserve and OCC in mid-2024 for risk management deficiencies and is working to resolve the consent orders.
- Its wealth management division offers services such as stock-collateralized loans and block trades, leveraging historical financing ties with the Trump family.
- Citigroup reported $83.11 billion in revenue, a 6.7% three-year revenue growth rate, 17.06% net margin, and issued $59.4 billion in new debt over the past three years.
- Citi has integrated its Citi Token Services blockchain platform with its 24/7 USD Clearing solution, enabling near-instant, round-the-clock cross-border USD payments for institutional clients in the US and UK.
- The solution delivers continuous multibank interoperability, reducing payment delays and optimizing real-time liquidity management across Citi and non-Citi accounts.
- Initially available for clients with Citi accounts in the UK and US, the offering will be expanded to additional geographies in the future.
- Citi’s 24/7 USD Clearing network supports over 250 banks across more than 40 markets, facilitating seamless global USD transactions.
- The Swiss government proposed a new regulation requiring UBS to back its foreign subsidiaries with a 100% CET1 capital adequacy ratio over a seven-year phase-in from 2028, starting at 65% and rising by 5 percentage points annually.
- UBS estimates the increased capital demands will require up to $26 billion, opposing the plan as excessive and potentially disadvantaging it against global peers.
- Part of Switzerland’s 'too big to fail' framework post-Credit Suisse acquisition, the proposal is under stakeholder consultation until January 9, 2026, with the final bill slated for parliament next year.
- Backed by the Federal Council, SNB, and FINMA to strengthen financial stability, the measure aims to mitigate systemic risk but faces industry pushback.
- Citigroup will sell a 25% equity stake in its Mexican retail bank Banamex to CHPAF Holdings (owned by Fernando Chico Pardo) for approximately $2.3 billion, at 0.80× local GAAP book value, closing in H2 2026 pending regulatory approvals.
- Fernando Chico Pardo will become Chair of Banamex’s Board, while Ignacio Deschamps and Manuel Romo will retain their leadership roles, ensuring continuity post-transaction.
- Citigroup recorded a $726 million non-cash goodwill impairment related to the Banamex unit, classified as capital neutral.
- Shares of Citigroup rose 0.9% in after-market trading following the announcement.
- Permian Resources Corporation (NYSE: PR) priced an underwritten secondary offering of 46,112,899 Class A common shares at $13.53 per share by selling stockholders.
- The company will not sell shares in the offering nor receive proceeds; closing is expected on September 16, 2025, subject to customary conditions.
- Concurrently, the company agreed to purchase 2,000,000 OpCo Units from selling stockholders at the same per-unit price and cancel a corresponding number of Class C shares, with the unit purchase conditioned on the offering’s completion.
- Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are serving as underwriters for the offering.
- Permian Resources announced an underwritten secondary public offering of 46,112,899 shares of its Class A common stock by affiliates of Pearl Energy Investments and Riverstone Investment Group.
- The Company will not receive any proceeds, and concurrently intends to purchase 2,000,000 OpCo Units from the same selling stockholders at the offering price, canceling a matching number of Class C shares.
- Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are serving as underwriters, and the offering is subject to market and other conditions.
- The offering is being made under a registration statement that became effective on November 8, 2023.
- Citigroup shares are trading just under tangible book value, at a discount to peers trading at 1.4–2.4× tangible book, despite ongoing cost reductions and higher return on tangible common equity.
- Analysts have reiterated overweight ratings, with price targets set at $115 by Mike Mayo and $105 by Truist.
- The stock has outperformed peers, rising 52.3% over the past 12 months, making it the best‐performing big bank stock year to date.
- CEO Jane Fraser’s restructuring—including the soon-to-be-spun-out Banamex IPO and focus on profitable divisions like investment banking and wealth management—is expected to drive further upside.
- Kvants Vaults delivered a 22% net return in July 2025, showcasing its risk-adjusted performance through quantitative allocation models and on-chain execution.
- Public access to Vaults has officially launched, positioning the product as an alternative to speculative trading or passive holding.
- Onchain Capital Allocator TVL reached $11.78 billion, signaling strong demand for algorithm-driven DeFi strategies.
- Vaults target Sharpe ratios above 3 and have demonstrated downside protection, limiting losses to about 1% during a recent Bitcoin downturn of nearly 10%.
- Citigroup is actively exploring custodial solutions and stablecoin initiatives, including reserve management and the potential issuance of its own external token, with safety and soundness top of mind.
- A digital asset custody platform would position Citi in competition with firms like Coinbase and BitGo.
- Issuance of a stablecoin could enhance payments capabilities, building on its existing Citi Token Services that offers 24/7 instant payments to select branches.
- Following last month’s GENIUS Act, Bank of America and JPMorgan have also signaled stablecoin plans, while lobbying groups are urging Congress to revise Section 16D to maintain state regulatory authority.