STOCK TITAN

Citigroup Inc. - $C STOCK NEWS

Welcome to our dedicated page for Citigroup news (Ticker: $C), a resource for investors and traders seeking the latest updates and insights on Citigroup stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Citigroup's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Citigroup's position in the market.

Rhea-AI Summary

Citigroup has announced the redemption of $1.5 billion of its 4.140% Fixed Rate/Floating Rate Notes and $500 million of its Floating Rate Notes, both due in 2025. The redemption date is set for May 24, 2024. The redemption price will be par plus accrued and unpaid interest up to the redemption date. This move aligns with Citigroup's strategy to optimize its funding and capital structure. From the redemption date, interest will no longer accrue on these notes. Citigroup will continue to evaluate opportunities for redeeming or repurchasing securities based on economic, regulatory, and market conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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Rhea-AI Summary

Farmer Mac's board of directors has announced a second quarter dividend of $1.40 per share for its common stockholders, payable on June 28, 2024. The dividend pertains to Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock, and Class C Non-Voting Common Stock (NYSE: AGM). Additionally, dividends for five classes of preferred stock have been declared, with payments scheduled for July 17, 2024.

Farmer Mac also plans to redeem all 3,000,000 shares of its Series C Preferred Stock (NYSE: AGM.PR.C) valued at $75 million. Holders will receive a written notice between 30 and 60 days before the redemption date, which will not affect the dividend payments declared for July 17, 2024.

Farmer Mac continues its mission to provide accessible financing to American agriculture and rural infrastructure, supporting various customers including agricultural lenders and rural electric cooperatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
dividends
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Rhea-AI Summary

Citi announced the Citi Strata Premier Card, an enhancement of the Citi Premier Card, offering increased benefits and opportunities to earn ThankYou Points with the same $95 annual fee. The new card provides travel protections, a sleek design, and various ways to earn points. Cardmembers can enjoy new benefits like 10 ThankYou Points for travel expenses, 4 new travel protection benefits, and more. With access to the ThankYou Rewards program, cardmembers can earn points without expiration and transfer them to airline and hotel partners.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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none
Rhea-AI Summary

Citi has made a strategic investment in Cicada Technologies Inc. to facilitate institutional e-trading of Mexican government bonds. Cicada's innovative all-to-all trading system allows global institutional market participants to trade Mexican government bonds without a pre-existing relationship. Citi will act as a liquidity provider for the trading platform, aiming to increase electronification in the Mexican fixed income market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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Rhea-AI Summary

Citigroup Inc. announces the redemption of $2.0 billion of its 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 million of its Floating Rate Notes due 2025. The redemptions aim to enhance funding and capital structure efficiency, with further opportunities considered based on various factors. Interest will cease accruing on the notes post-redemption date.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
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none
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Rhea-AI Summary
Citigroup Inc. announces the redemption of C$56.782 million of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027, reflecting its strategy to enhance funding and capital structure. The redemption date is May 24, 2024, with interest no longer accruing post-redemption. Citigroup will continue to evaluate opportunities to redeem or repurchase securities based on various factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
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Rhea-AI Summary
Citigroup Inc. announces the full redemption of Series D Preferred Stock, totaling $1.25 billion, with a redemption date of May 15, 2024. The cash redemption price per Depositary Share is $1,000, with holders receiving a quarterly dividend of $22.5865. The redemption aligns with Citigroup's liability management strategy and aims to enhance funding and capital efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
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Rhea-AI Summary
Citi released its first quarter 2024 results, available on its website. A conference call will be held to discuss the financial data.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
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Rhea-AI Summary
Citigroup Inc. announces the redemption of $2.75 billion of its 3.352% Fixed Rate / Floating Rate Notes due 2025, reflecting its liability management strategy and commitment to optimizing funding and capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
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none
Rhea-AI Summary
Citigroup Inc. announces quarterly dividends on common and preferred stocks, with varying rates and payment dates in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
dividends
Citigroup Inc.

NYSE:C

C Rankings

C Stock Data

119.12B
1.85B
3.09%
71.07%
1.56%
Commercial Banking
Finance and Insurance
Link
United States of America
NEW YORK

About C

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.