Citigroup Inc. Stock Price and Chart

Citigroup Inc. shares are considered to be one of the most profitable ways to gain capital. This financial conglomerate is known to be one of the oldest banks in the USA that is also the owner of the securities of the following companies – Microsoft, Apple, Amazon, Facebook, Invesco, Ford, Home Depot, JP Morgan Chase, and many other profitable organizations.

Citigroup Inc. is called by many well-known investors and analysts a financial monster. Citigroup is a very popular American bank that provides banking operations, securities placement, trust management, insurance of large organizations, and investment funds.

The magnificent Citigroup Inc. history

The history of this financial conglomerate is pretty long. The foundation of this bank was set by the US First Bank, which was originated in 1791. Citibank was formed in 1812, in New York.

This organization has joined the group of the Big Four banks in the USA and is the fourth one on the list. Citigroup manages capital higher than $1.8 trillion. Moreover, this institution is the main securities dealer of the US Treasury.

As stated by Forbes, this bank is the 12th in the list of the biggest public companies, 14th in terms of profitability, 42nd in terms of capitalization and is the 62nd most expensive global brand.

The Citigroup company has its offices located all over the world. Such countries have representative offices – Mexico, Russia, Canada, Poland, Japan, Great Britain, Taiwan, China, and Africa.

The reasons for investing in the financial conglomerate Citigroup Inc.

This company’s net revenue in 2018 was $46.6 billion. Moreover, the financial reports of the organization state that during this year $672 billion in loans were issued and the deposits amounted to $1.013 trillion.

Besides, this organization is the largest credit card issuer in the whole world. Even in the countries where Citigroup Inc. doesn’t have offices, credit cards are still being issued.

This financial organization is considered to be one of the biggest investors worldwide. Around $55 billion is held in the banks of Citigroup in securities from other big companies.

The share of investments in Citigroup financial companies is more than 40%. Besides, technology companies, such as Apple consist of 18%. We can surely say that this organization is interested in financial companies.

Around 9.3% of the total investment made by the American conglomerate was into the sphere of consumer goods manufacturing. Also, a big number of investments were placed in healthcare and medical research fields. And the energy sector also interests this company, which is why 6.97% of investment was made in this area.

Facts about the Citigroup Inc. organization

The Citigroup Bank is the owner of the shares of such popular companies – Home Depot, Ford, Amazon, Apple, Microsoft, Facebook, and others. The capital of Citigroup Inc. is safe from all sorts of financial risks. Moreover, this company is the primary investor in different areas of human activity.

In 2018, Citigroup Inc.’s net worth totaled $196.2 billion. The company’s assets in this year were equal to $1917 billion. Also, the net profit amounted to $18.05 billion. And the revenue was higher than $72 billion.

The shares of this financial conglomerate are components of various stock indices: S&P 500, S&P 100, DJ US, DJ Global Titans, and others. Around 20% of the New York Stock Exchange daily trading amount belongs to the Citigroup securities.

Besides, any trader can purchase Citigroup Inc. shares on the platform. As of July 30, 2019, the price for one share of this financial conglomerate was $71.

The Forex analysts state that the shares of this American company are constantly growing. Moreover, the dynamics of price fluctuations are insignificant. The securities of this organization are a great asset to the investment portfolio of any trader.

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