Citigroup Inc. (C)

Citigroup reported strong financial performance in Q4 2024, with a net income of $2.9 billion on revenues of $19.6 billion. In January 2025, the board authorized a $20-billion share repurchase plan. Citigroup successfully passed the Federal Reserve's 2025 stress test in June 2025. Following the release of stress test results in July 2024, Citigroup raised its quarterly dividend by 6% to 56 cents per share. In October 2024, Citigroup entered a multi-year agreement with Google Cloud to support its digital strategy through cloud technology and AI. Citigroup has been exiting consumer banking businesses in various markets to free up capital for investment in high-returning businesses. The stock price has seen significant increases, rising by 43.46% between July 19, 2024, and July 18, 2025, and reached a new 52-week high of $93.81 as of July 21, 2025.

Demand seasonality for Citigroup's products and services is generally tied to broader economic activity and consumer behavior. The financial sector often sees an uptick in spring due to increased consumer spending, tax refunds, and activities like home buying and renovations. Businesses also tend to finalize budgets and initiate new projects in the spring, boosting demand for corporate financing and advisory services. The company's global presence and diversified business model aim to help clients navigate changing buying patterns and supply chain disruptions.

Citigroup Inc. is a global diversified financial services holding company headquartered in New York, operating in the major banks industry. It offers a comprehensive array of financial products and services to consumers, corporations, governments, and institutions worldwide. Its major offerings are structured across several segments: Services provides cash management, trade, working capital solutions, cross-border support, local market expertise, and post-trade technologies. Markets provides sales and trading services across equities, foreign exchange, rates, spread products, and commodities, along with market-making services, risk management solutions, financing, and prime brokerage. Banking encompasses investment banking, capital-raising, equity and debt capital markets-related strategic financing, loan syndication, and advisory services. Wealth offers financial services through Citi Private Bank, Wealth at Work, and Citigold. U.S. Personal Banking includes branded cards and retail services, providing traditional banking services to retail and small business customers.

Citigroup has a substantial global presence, conducting business in over 100 countries and jurisdictions and serving approximately 200 million customer accounts. The company operates across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Citigroup's Payments Express is accessible across 18 countries.

Citigroup has received significant positive recognition for its performance and leadership, including winning a record 52 global, regional, and local market awards from Euromoney in July 2025. CEO Jane Fraser was named "Banker of the Year." Euromoney recognized Citi as "The World's Best Investment Bank for Financing," "The World's Best Investment Bank for Debt Capital Markets (DCM)," "The World's Best for Research," and "The World's Best Digital Bank for Large Corporates" for the 2024 calendar year. Citigroup has worked to bolster its image, partly by taking stances on social issues like climate change and gun control.

Citigroup's ownership structure includes institutional, retail, and individual investors. Institutional investors hold a significant portion, with approximately 73% to 78.30% of the company's stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. The Vanguard Group, Inc. is the largest shareholder, holding 8.9% of shares outstanding as of December 15, 2024. Individual investors hold approximately a 23% stake, while insiders hold around 0.26%.