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.
Citigroup Inc. (C) generates frequent news across institutional banking, wealth management, U.S. personal banking and capital markets activities. Citi describes itself as a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in the United States, doing business in more than 180 countries and jurisdictions. News about Citigroup often centers on its financial performance, strategic decisions and product developments that affect corporations, governments, investors and individual clients.
Investors following C stock can expect earnings-related updates, such as quarterly and full-year results announced via press releases and discussed on investor conference calls, as well as accompanying financial data supplements. Corporate actions and capital decisions, including common and preferred stock dividends, new preferred stock series and redemptions of existing preferred stock and depositary shares, are also common themes in Citi’s news flow.
Citi’s strategic and operational news includes changes in senior leadership roles, adjustments to the structure of its core businesses, and actions involving legacy franchises, such as plans to sell remaining operations in certain markets or equity stakes in international financial groups. The firm also issues updates on its digital asset and payments initiatives, including Citi Token Services and collaborations with partners like Coinbase to develop digital asset payment capabilities for institutional clients.
For those tracking developments in wealth management and consumer banking, Citi releases commentary on macroeconomic and market views through its wealth business and highlights recognition in areas such as mortgage origination satisfaction. Regularly reviewing Citigroup news can help market participants understand how the company’s strategic choices, capital actions and product innovations may influence its operations and risk profile over time.
Citigroup Inc. will host its 2021 Annual Stockholders' Meeting on April 27, 2021, at 9 a.m. ET. The meeting will take place virtually, allowing stockholders and proxyholders to participate, vote, and ask questions via a live webcast accessible at www.virtualshareholdermeeting.com/CITI2021. Electronic entry starts at 8:45 a.m. ET. Citi operates globally with around 200 million customer accounts across 160 countries, offering a wide range of financial services.
Citigroup is redeeming all outstanding Series Q and Series R Depositary Shares, amounting to $1.25 billion and $1.035 billion respectively, on May 17, 2021. Holders will receive a cash redemption price of $1,000 per share and are eligible for quarterly dividends of $10.721875 for Series Q and $11.679375 for Series R, payable on the redemption date. This move aligns with Citigroup's strategy to enhance its funding and capital efficiency, influenced by various economic factors and market conditions.
Citi has released its First Quarter 2021 earnings report, showcasing a diverse range of financial services across over 160 countries. The company operates approximately 200 million customer accounts, providing vital services like consumer banking, corporate investment banking, and wealth management.
For detailed financials and trends, the earnings release and Quarterly Financial Data Supplement can be found on Citi’s investor relations website. A conference call is scheduled today at 10:00 AM (ET) to discuss the results.
CitiConnect® API, Citigroup's connectivity platform, has surpassed one billion API calls since its launch in 2017. This increase is mainly driven by the evolving business landscape and client needs for real-time solutions like Instant Payments. The API capabilities support various functions such as mobile wallet top-ups and micro loan disbursements. During the pandemic, API volume surged by 60% year-on-year in 2020. Citi offers over 83 APIs to facilitate seamless banking experiences, supported by collaborations with leading software providers.
Citi and Bank of America are collaborating to create an independent data and execution platform for fixed income markets, focusing initially on CLOs and syndicated loans. The platform aims to enhance efficiency, liquidity, and execution costs for dealers and buy-side clients. Supported by Citi's SPRINT group, the platform is currently in testing and expected to launch later this year, promising a user-friendly marketplace for data and analytics. This initiative is anticipated to modernize trading practices, leading to increased transparency and market participation.
Citi Treasury and Trade Solutions (TTS) has launched Citi Service Insights (CSI), an integrated digital service that streamlines client service inquiries through SWIFT gpi Case Resolution. This tool centralizes inquiry management, allowing clients to open and track service requests efficiently via a comprehensive dashboard. Key features include case management, documentation uploads, and integration with Citi Payment Insights for payment status updates. This initiative enhances transparency and accelerates issue resolution, aligning with the growing demand for digital self-service tools.
The Board of Directors of Citigroup has declared a quarterly dividend of $0.51 per share on its common stock, paying on May 28, 2021, for stockholders of record on May 3, 2021. Various dividends on preferred stock were also announced, including Series D at $26.75 per depositary receipt, payable May 17, and Series J at $0.4453125 per depositary receipt, payable June 30. These dividends reflect Citigroup's strong commitment to returning value to shareholders.
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Citigroup plans to announce its first quarter results on April 15, 2021, at 8:00 AM (ET) through a press release. A review of the results will follow via live webcast at 10:00 AM (ET). Investors can access the press release, webcast, and presentation materials on Citigroup's investor relations site. The company operates globally, serving approximately 200 million customer accounts across 160 countries, providing a variety of financial services including consumer banking, investment banking, and wealth management.
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