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Global bank providing institutional banking/markets, US consumer banking and wealth management across many countries.
Global bank providing institutional banking/markets, US consumer banking and wealth management across many countries.
Earns from interest on loans and credit cards and from fees for serving corporations that move money, trade and raise capital across borders, which is the most distinctive part. It has been exiting consumer businesses in many countries to concentrate on institutional clients, US cards and wealth.
Moat: narrow (scale, distribution, brand). Unmatched cross-border transaction banking network is difficult for domestically focused banks to replicate.
Headquarters: New York, New York, US · Founded: 1812 · Employees: 226,000
Size Citigroup (C) is a United States Financials company (Major Banks) with a market value of $200B, the 58th largest of 3,117 United States companies the cockpit tracks. Shares closed at $119.05 on 6 Nov 2026.
Performance Over six months the shares fell 5.2%, against +11.5% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 4.7% over the last twelve months (peer median +4.0%); the operating margin is 28.7% (peer median 37.0%).
Valuation It trades at 1.03× book value against a peer median of 1.60× (5th cheapest of 21).
Price implies The share price implies a return on equity of about 10.9%; Citigroup delivers 9.1%, so the price asks more than the business earns today.
Credit Citigroup has 116 bonds outstanding ($180B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 93 bp.
Short interest Short interest is 1.3% of the free float (15 Oct 2026).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $178B | $169B | $171B | $157B | $102B |
| Revenue growth | — | -1% | +9% | +55% | — |
| Net income | $19.1B | $14.1B | $12.5B | $9.05B | $14.7B |
| Free cash flow | n/a | $22.3B | $5.78B | -$4.09B | $17.3B |
| Capital expenditure | n/a | $6.52B | $6.50B | $6.58B | $5.63B |
| Total debt | $817B | $719B | $594B | $594B | $524B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Citigroup C | $200B | -5% | +5% | 9% | 1.03× | 10.9% |
| JPMorgan Chase JPM | $889B | +11% | +9% | 18% | 2.53× | 20.7% |
| Bank of America BAC | $341B | -3% | -1% | 11% | 1.26× | 12.9% |
| HSBC HSBA.L | $301B | -1% | -4% | 14% | 1.51× | 17.5% |
| Wells Fargo WFC | $252B | +11% | +6% | 13% | 1.59× | 13.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | C | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | +2.1% | 4th lowest of 21 |
| 6-month return | -5.2% | +11.5% | lowest of 21 |
| Return on equity | 9.1% | 13.2% | lowest of 21 |
| Price / book | 1.03× | 1.60× | 5th cheapest of 21 |
| Trailing P/E | 11.6× | 11.8× | 9th cheapest of 20 |
| ROE the price implies | 10.9% | 15.8% | 6th least demanding of 21 |
| ROE delivered | 9.1% | 13.3% | lowest of 20 |
| Bond spread | 93 bp | 79 bp | 5th widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Citigroup C | United States | $200B | -5% | +5% | 9% | 1.03× | 10.9% | 9.1% |
| Commonwealth Bank of Australia CBA.AX | Australia | $194B | +9% | +1% | 14% | 3.56× | 33.3% | 13.9% |
| Toronto-Dominion Bank TD.TO | Canada | $208B | +18% | -11% | 13% | 2.48× | 15.3% | 12.8% |
| Banco Santander SAN.MC | Spain | $174B | +4% | +15% | 13% | 1.40× | 17.1% | 13.1% |
| Mitsubishi Ufj Financial 8306.T | Japan | $230B | +14% | +11% | 13% | 1.60× | 11.2% | 12.6% |
| Cm Bank 3968.HK | Hong Kong | $165B | +16% | +3% | 13% | 0.99× | 10.2% | 13.3% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
| Wells Fargo WFC | United States | $252B | +11% | +6% | 13% | 1.59× | 13.3% | 12.9% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| Royal Bank of Canada RY.TO | Canada | $281B | +15% | +5% | 16% | 2.94× | 18.4% | 16.2% |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |
| HSBC HSBA.L | United Kingdom | $301B | -1% | -4% | 14% | 1.51× | 17.5% | 13.6% |
| Bank of China 601988.SS | China | $301B | +19% | -3% | 9% | 0.79× | 2.8% | n/a |
| UniCredit UCG.MI | Italy | $130B | +6% | +2% | 17% | 1.77× | 25.8% | 17.3% |
| HDFC Bank HDFCBANK.NS | India | $129B | -1% | +5% | 14% | 2.00× | 24.8% | 13.9% |
| Capital One COF | United States | $121B | +7% | +26% | 9% | 1.11× | 11.1% | 9.3% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| Bank of America BAC | United States | $341B | -3% | -1% | 11% | 1.26× | 12.9% | 10.7% |
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
Citigroup has 116 bonds outstanding with $180B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.56%, a spread of 93 bp over government bonds.