C Stock Summary and Trading Ideas (Citigroup | NYSE:C)

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.

Citigroup trades on the NYSE stock market under the symbol C.

As of April 17, 2024, C stock price climbed to $58.17 with 13,727,113 million shares trading.

C has a beta of 1.25, meaning it tends to be more sensitive to market movements. C has a correlation of 0.32 to the broad based SPY ETF.

C has a market cap of $110.95 billion. This is considered a Large Cap stock.

Last quarter Citigroup reported $21 billion in Revenue and $1.58 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.47.

In the last 3 years, C stock traded as high as $80.29 and as low as $38.17.

The top ETF exchange traded funds that C belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

C has underperformed the market in the last year with a price return of +21.6% while the SPY ETF gained +23.0%. However, in the short term, C had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.2% vs +5.7% return in SPY. But in the last 2 weeks, C shares have been beat by the market, returning -7.4% compared to an SPY return of -3.5%.

C support price is $56.15 and resistance is $57.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that C stock will trade within this expected range on the day.