Citigroup Inc Stock Price, News & Analysis

Citigroup (C) has announced the complete redemption of its Series P Preferred Stock, with an aggregate liquidation preference of $2 billion. The redemption is scheduled for May 15, 2025, with a cash redemption price of $1,000 per Depositary Share.

Holders of record as of May 5, 2025, will receive the previously declared semi-annual dividend of $29.75 per Depositary Share on the redemption date. This strategic move is part of Citigroup's ongoing efforts to optimize its funding and capital structure, considering factors such as economic value, regulatory changes, net interest margin impact, borrowing costs, and overall market conditions.

Citigroup (C) announced its first quarter 2025 financial results, with detailed information available on their corporate website. The company has scheduled a conference call at 11 a.m. (ET) to discuss the results, including a webcast available for investors and analysts.

The bank, which operates in more than 180 countries and jurisdictions, positions itself as a leading banking partner for institutions with cross-border needs, a global wealth management leader, and a personal bank in the United States. The company serves various stakeholders including corporations, governments, investors, institutions and individuals with diverse financial products and services.

Citigroup has announced its quarterly dividend declarations for common and preferred stock. The company will pay a quarterly dividend of $0.56 per share on common stock, payable on May 23, 2025, to stockholders of record on May 5, 2025.

The Board also declared dividends on multiple series of preferred stock (Series P through FF) with various fixed rates ranging from 3.875% to 7.625%, all payable in May and June 2025. Preferred stock holders will receive payments ranging from $9.6875 to $29.75 per depositary receipt, with each receipt representing one-twenty-fifth of a full preferred share.

Citigroup (C) has announced the complete redemption of its $3.5 billion 3.106% Fixed Rate/Floating Rate Notes due 2026. The redemption is scheduled for April 8, 2025, with the cash redemption price equaling par plus accrued and unpaid interest.

This strategic move aligns with Citigroup's liability management strategy and ongoing efforts to optimize its funding and capital structure. The bank will continue evaluating opportunities to redeem or repurchase securities based on factors including economic value, regulatory changes, net interest margin impact, borrowing costs, debt portfolio tenor, capital impact, and market conditions.

Citi has been appointed as the depositary bank for Nightingale Health OYJ's sponsored Level 1 American Depositary Receipt (ADR) program. The company's ADRs trade on the OTCQX platform under the symbol 'NHLTY', with each ADR representing one ordinary share. The underlying ordinary shares are listed on the Nasdaq Helsinki Stock Exchange under 'HEALTH FH'.

This strategic move aims to provide U.S. investors easier access to Nightingale Health's shares, aligning with the company's global expansion strategy, particularly in the U.S. healthcare market. The partnership leverages Citi's global network through its Issuer Services business, which operates depositary receipt programs across 65 markets.

Citi has been appointed as the successor depositary bank for Prudential plc's sponsored Level 2 American Depositary Receipt (ADR) program. The ADRs trade on the New York Stock Exchange under symbol PUK, with each ADR representing two ordinary shares.

Prudential's ordinary shares are dual-listed on the London Stock Exchange (PRU LN) and Hong Kong Stock Exchange (2378). Through its Issuer Services business, Citi will provide depositary receipt services leveraging its global network across 65+ markets, covering both equity and fixed-income products.

Citigroup has announced the redemption of two notes series totaling $2.25 billion, scheduled for March 17, 2025. The redemption includes $1.75 billion of 3.290% Fixed Rate/Floating Rate Notes and $500 million of Floating Rate Notes, both due 2026.

The redemption price will equal par value plus accrued and unpaid interest up to the redemption date. This strategic move aligns with Citigroup's liability management strategy and aims to enhance funding and capital structure efficiency.

The bank will continue evaluating opportunities for security redemptions or repurchases based on factors including economic value, regulatory changes, impact on net interest margin, borrowing costs, debt portfolio tenor, capital impact, and market conditions.

Citigroup Global Markets Holdings has announced the offering of guaranteed cash-settled exchangeable bonds due February 2030, referable to Airbus SE shares, with a principal amount between EUR 375-400 million. The bonds will be unconditionally guaranteed by Citigroup Inc.

Key features include:

• Issue price: 100-100.25% of principal amount
• Coupon rate: 0.80% per annum
• Exchange price: 35% premium over reference share price
• Minimum denomination: EUR 100,000
• Settlement date: February 5, 2025

The bonds will be listed on the Open Market segment of the Frankfurt Stock Exchange. The reference share price will be calculated based on the 3-day VWAP of Airbus shares on Euronext Paris, starting January 30, 2025. Citigroup Global Markets , Europe AG, and Inc. are acting as Joint Global Coordinators and Joint Bookrunners.

Citigroup has announced the complete redemption of its Series V Preferred Stock, totaling $1.5 billion in aggregate liquidation preference. The redemption will occur on January 30, 2025, with holders receiving a cash redemption price of $1,000 per Depositary Share. Stockholders of record as of January 17, 2025, will receive a final semi-annual dividend of $23.50 per Depositary Share on the redemption date.

This strategic move aligns with Citigroup's liability management strategy and aims to enhance the efficiency of its funding and capital structure. The decision was based on various factors, including economic value, regulatory changes, potential impact on net interest margin, borrowing costs, and overall market conditions. After the redemption date, the Depositary Shares will cease to be outstanding, and no further dividends will accrue.