CitigroupNYSE: C

Citi is in the process of making a comeback, with better performance in its Services, Banking, and Wealth divisions, although the USPB and Markets areas are still struggling. The results for the third quarter of FY24 were mixed, as strong earnings from services and commercial banking were countered by increasing credit costs and poor performance in USPB. While the shares seem to be fairly priced based on earnings, they appear to be much undervalued when looking at the company's assets.

In the most recent trading session, Citigroup (C) finished at $69, which is an increase of 0.35% compared to the previous day.

Citigroup (C) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.

Kerimov faced sanctions from the US in 2014 and 2018 due to Russia's involvement in Syria and Ukraine.

Citigroup (C) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

In the future, we might witness an increase in large mergers, deals involving mid-sized companies, and companies going public for the first time.

According to Citigroup CEO Jane Fraser, the election of Donald Trump has led to a surge in demand for mergers and acquisitions (M&A). In an interview with Bloomberg Television, she mentioned that the bank's clients had been eager to start M&A activities and are now ready to move forward.

SHANGHAI--(BUSINESS WIRE)--Citi (NYSE: C) and Bank of Shanghai have introduced a unique payment solution using the Bank of Shanghai's TourCard. This card is designed to make it easier and more affordable for international travelers to pay in Chinese yuan (CNY) while in China. The service is powered by Citi's advanced USD Clearing solution, ensuring that the final recipient gets the full amount of their payment.

The Investment Committee discusses the most recent Calls Of The Day.