Citigroup Inc (NYSE:C): Company And Stock Updates

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Dallas, Texas 11/19/2013 (Financialstrend) – In Monday’s trading session, Citigroup Inc (NYSE:C) rose by 0.77%. The shares opened at a price of $50.80, which touched the intraday high of $51.40 and headed to a close of $50.79. Around 26.35 million exchanged hands over the trading day and an average volume of 23.45 million shares were traded over a 30 day period. The 52-week low of Citigroup Inc (NYSE:C) shares is $43.04 and its 52-week high is $53.56. The company has a market capitalization of $154.05 billion.                                        

About the company

Citigroup Inc (NYSE:C) was incorporated on 8th March 1988. It is an international diversified financial-services holding company. Its businesses provide corporations, consumers, governments as well as institutions with a wide range of financial-products & services, such as consumer banking & credit, corporate & investment banking, securities-brokerage, transaction services &wealth management. Citigroup Inc (NYSE:C) operates in 2 business segments: 1- Citicorp- this is made up of its  Global Consumer Banking businesses &  Institutional Clients Group, 2-  Citi Holdings- this is made up of Brokerage &  Asset Management, Local Consumer Lending & Special Asset Pool.

In 2012 February, Citigroup Inc (NYSE:C) sold its 9.85% stake in the Housing Development Finance Corporation. In 2012 May, the company sold 10.1% stake in Akbank T.A.S. In 2012 September, it sold EMI Group’s recorded music-division, EMI Music, to Vivendi & its subsidiary, Universal Music Group. In 2013 August, Pershing Square Capital Management sold 18 percent of its interest to Citigroup Inc (NYSE:C)

Global Consumer Banking

The Global Consumer Banking segment is made up of Citigroup Inc (NYSE:C)’s 4 geographical Regional-Consumer-Banking businesses. These businesses provide traditional banking-services to its retail customers via retail banking, commercial banking, and Citi-branded-cards & Citi retail-services. GCB is the company’s internationally-diversified business that has 4,008 branches across 39 countries in the world. As of 31st December 2012, GCB had $322B worth of average deposits.

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