Citigroup, Inc. (C) Stock Price & How to Invest
Short answer
You can invest in Citigroup (C) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. Citigroup is a global money-center bank organized around five businesses (Services, Markets, Banking, Wealth, and US Personal Banking) and is in the middle of a multi-year turnaround under CEO Jane Fraser to simplify the firm and lift returns. The bull case is a classic value-bank thesis: rising return on tangible common equity, a growing dividend, and large buybacks while the stock trades close to tangible book value. The biggest risks are execution of that transformation, lingering regulatory consent orders on data and risk management, the credit and interest-rate cycle, and Citi's heavy global and geopolitical exposure.
C stock price
As of 2026-06-26, Citigroup, Inc. (C) last closed at $141.76, up 68.0% over the past year. Over the past 52 weeks it has traded between $84.38 and $145.67.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Citigroup, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Citigroup, Inc. (C) do?
Citigroup is one of the largest US money-center banks and the most global of its peers, operating in roughly 90 countries. Under CEO Jane Fraser it now reports through five core businesses: Services (treasury, trade, and securities services for corporations and institutions), Markets (trading in fixed income, currencies, commodities, and equities), Banking (investment banking and corporate lending), Wealth (private bank and wealth management), and US Personal Banking (branded credit cards, retail banking, and partner cards with brands such as American Airlines and Costco). It makes money from net interest income (the spread between what it earns on loans and securities and what it pays for funding) plus fee income from trading, advisory, card services, and transaction processing.
The central story is a multi-year transformation. Citi has been exiting international consumer franchises (winding down or selling retail operations across more than a dozen countries and pursuing a separation of its Mexico consumer business, Banamex), simplifying its structure (Fraser cut management layers from 13 to roughly 8 under the "Project Bora Bora" restructuring, targeting up to about 2.5 billion dollars in savings), and working through regulatory consent orders tied to data governance and risk management. The cleanup is showing in results: full-year 2025 revenue was about 85 billion dollars with net income near 14 billion dollars and diluted EPS around 7 dollars, both up from 2024, and the firm reaffirmed its 10 to 11 percent ROTCE target for 2026.
What's driving Citigroup, Inc. (C)?
1. Rising returns toward the ROTCE target.
Citi's headline goal is lifting return on tangible common equity from years in the mid-single digits toward a 10 to 11 percent target for 2026. Full-year 2025 adjusted ROTCE was around 8.8 percent, up meaningfully year over year, with management citing record revenue across all five businesses. Closing the remaining gap to the target is the single number most investors track. Even hitting the low end would mark a major improvement over Citi's recent history.
2. Heavy capital returns.
With a CET1 capital ratio around 13 percent, Citi has been returning large amounts of cash to shareholders. It ran a multi-billion-dollar buyback authorization (reported at roughly 20 to 30 billion dollars) and returned over 12 billion dollars to shareholders through the first three quarters of 2025. After its 2026 stress test it announced a 12 percent dividend increase, from 0.60 to 0.67 dollars per quarter starting in the third quarter of 2026. Buying back stock near tangible book value is accretive to book value per share.
3. Simplification and cost discipline.
Fraser's restructuring aims for a simpler, faster firm: flattening management from 13 layers to about 8, exiting non-core international consumer markets, and pursuing the separation of the Banamex business in Mexico. The program targets up to roughly 2.5 billion dollars in run-rate savings. Tangible book value per share has been climbing (about 99 dollars at the end of the first quarter of 2026, up from the prior year), reflecting retained earnings and buybacks. Positive operating leverage is the proof point management points to.
4. Diversified, fee-rich franchises.
Citi's Services business (treasury and trade solutions plus securities services) is a high-return, capital-light franchise that moves money for corporations and institutions worldwide, and Markets benefits from trading activity in volatile periods. Banking captures investment-banking fees in stronger deal environments, while US Personal Banking (cards) provides scale consumer-lending income. This mix means Citi has multiple earnings drivers rather than depending on any single line.
What are the risks to Citigroup, Inc. (C)?
The transformation is the core risk: Citi is still working under regulatory consent orders from 2020 (with the OCC and Federal Reserve) tied to data governance and risk management, and it paid an additional 136 million dollars in penalties in 2024 for missing remediation milestones, so execution and regulatory scrutiny remain live concerns. As a bank, Citi is exposed to the credit cycle (loan losses rise in recessions), interest-rate sensitivity (net interest income moves with rate levels and the yield curve), and the trading cycle (Markets revenue can swing). Its unusually global footprint adds geopolitical and currency risk, illustrated by a Russia-related notable charge in 2025. A failure to reach the ROTCE target, a sharp credit downturn, or fresh regulatory actions could all weigh on the shares.
How is Citigroup, Inc. (C) valued? (approximate, FY2025 results (reported January 2026) and Q1 2026 results)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Citigroup, Inc.'s investor relations page or your broker.
- Revenue (FY2025): ~$85.2 billion (about $86.4 billion excluding a Russia-related item), up from ~$80.7 billion in 2024
- Net income (FY2025): ~$14.3 billion, up from ~$12.7 billion in 2024
- Diluted EPS (FY2025): ~$6.99
- ROTCE (FY2025 adjusted): ~8.8%, with a 10-11% target for 2026
- Tangible book value per share: ~$97 at end of 2025, rising to ~$99 in Q1 2026
- Dividend: $0.60 per quarter, increasing ~12% to $0.67 starting Q3 2026; yield roughly 1.7-2%
- CET1 capital ratio: ~13.2%
- Market cap: roughly $240 billion (shares around $140), trading close to tangible book value
Banks are usually judged on different yardsticks than other companies. Return on tangible common equity (ROTCE) measures how much profit the bank generates on its tangible equity base, and it is the metric Citi management anchors to. Price-to-tangible-book (P/TBV) compares the share price to tangible book value per share; a ratio below 1.0 means the market values the bank below its accounting net worth. The CET1 ratio measures capital strength against risk-weighted assets and gates how much the bank can pay out. Citigroup spent years trading at a deep discount to tangible book because its returns lagged peers like JPMorgan, it carried regulatory overhangs, and the market doubted the turnaround. As ROTCE and capital returns improved through 2025 and 2026, the stock rerated back toward tangible book value, though it still typically trades at a discount to the highest-returning US banks.
Who competes with Citigroup, Inc. (C)?
US money-center banks
JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) are Citi's most direct large-bank rivals across lending, deposits, cards, and corporate banking. JPMorgan in particular sets the benchmark for returns and trades at a large premium to tangible book.
Global investment banks
In trading, advisory, and capital markets Citi competes with Goldman Sachs (GS) and Morgan Stanley (MS), as well as European universal banks such as HSBC, Barclays, and Deutsche Bank that contest its global Services and Markets franchises.
ETFs and alternatives
Investors who want bank exposure without picking a single stock often use financial-sector ETFs such as XLF (Financial Select Sector SPDR), or bank-focused funds like KBE (SPDR S&P Bank ETF) and KBWB (Invesco KBW Bank ETF), all of which hold Citigroup among other banks.
How to invest in Citigroup, Inc. (C)
There are three common ways to get C exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so C sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where C fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Citigroup, Inc. (C)
If you believe Jane Fraser's restructuring will keep pushing Citigroup's return on tangible common equity toward its 10 to 11 percent target while the bank returns capital through dividends and buybacks at a valuation near tangible book value, Citigroup is a turnaround and value play among the large US banks. It tends to behave like a cyclical, large-cap value bank: sensitive to interest rates, credit conditions, and global markets, with a multi-year improvement story rather than a fast grower.
More on Citigroup, Inc. (C)
Whether C is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is C a buy?, and where the stock could go from here in the C stock forecast.
For income investors, whether C pays a dividend and how the payout looks is covered in does C pay a dividend?
Build a basket around C with Walnut
Use Citigroup, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Citigroup do?
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Citigroup is a global money-center bank operating in around 90 countries through five businesses: Services (treasury, trade, and securities services), Markets (trading), Banking (investment banking and corporate lending), Wealth (private bank and wealth management), and US Personal Banking (credit cards and retail banking). It earns money from the spread on loans and securities plus fees from trading, advisory, cards, and transaction processing.
Does C pay a dividend?
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Yes. Citigroup pays a quarterly dividend, currently 0.60 dollars per share, and after its 2026 stress test it announced a roughly 12 percent increase to 0.67 dollars per quarter starting in the third quarter of 2026. The yield works out to roughly 1.7 to 2 percent at recent prices. Citi also returns large amounts of capital through share buybacks, returning over 12 billion dollars to shareholders through the first three quarters of 2025.
Is C a good stock?
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This is descriptive, not advice. The bull case is a value and turnaround story: improving return on tangible common equity toward the 10 to 11 percent target, a rising dividend, heavy buybacks, and a valuation near tangible book value. The bear case is that the transformation could stall, regulatory consent orders persist, and Citi is exposed to credit, rate, and global geopolitical cycles. Whether it fits depends on your own goals and risk tolerance.
Is C a good stock to buy right now?
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This is informational, not a recommendation. Supporters point to improving returns, large capital returns, and a valuation close to tangible book value as the turnaround takes hold; skeptics point to execution risk on the restructuring, ongoing regulatory scrutiny, and sensitivity to the credit and interest-rate cycle. Timing any cyclical bank stock is difficult. Walnut provides information, not investment advice.
Why does Citigroup trade below book value?
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For years Citi traded below tangible book value, meaning the market valued it at less than its accounting net worth per share. The main reasons were a return on tangible common equity (ROTCE) well below peers like JPMorgan, regulatory consent orders and remediation costs, and doubts about the turnaround. As returns and capital returns improved through 2025 and 2026, the stock rerated back toward tangible book value, though it still trades at a discount to the highest-returning US banks.
What is Citi's transformation under Jane Fraser?
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CEO Jane Fraser is running a multi-year overhaul to simplify Citi and lift returns. Key moves include divesting international consumer banking franchises across more than a dozen countries and separating the Banamex business in Mexico, flattening management from 13 layers to about 8 under the "Project Bora Bora" restructuring (targeting up to roughly 2.5 billion dollars in savings), reorganizing into five reporting businesses, and working through regulatory consent orders on data and risk management. The goal is a 10 to 11 percent ROTCE in 2026.
How is Citi different from JPMorgan or Bank of America?
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All three are giant US banks, but Citi is by far the most global, with a footprint across roughly 90 countries and a standout Services franchise that moves money for multinational corporations and institutions. JPMorgan and Bank of America are more US-centric and have historically posted higher returns and traded at premiums to tangible book value, whereas Citi has been a lower-return turnaround story trading closer to book. Citi is generally viewed as the value and restructuring name among the megabanks.
Which ETFs or baskets include C?
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Citigroup is held by broad financial-sector ETFs such as XLF (Financial Select Sector SPDR) and bank-focused funds like KBE (SPDR S&P Bank ETF) and KBWB (Invesco KBW Bank ETF), as well as broad US market index funds. On Walnut you can also hold C as one constituent in a financials or value-oriented thematic basket alongside other large banks.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Citigroup, Inc.'s investor relations page or your broker before making investment decisions.