Citi

Citi

Top 4 US Retail and Investment Bank

Provides Retail Checking & Savings Account, Credit Card and Loans, Asset Management, and Investment Banking Services

International Payment provider 

Background on Citi Bank

Top Four Investment Banks

Citibank, officially known as Citibank N.A., is the consumer banking division of Citigroup, a global financial services corporation. Citibank was established in 1812 as the City Bank of New York, making it one of the oldest banks in the United States.


Citibank operates as a full-service commercial bank, offering a wide range of financial products and services to individuals, businesses, and institutions. It provides services such as retail banking, credit cards, mortgages, personal loans, wealth management, and commercial banking.


Throughout its history, Citibank has played a significant role in the development of the banking industry. It was one of the first banks to introduce automated teller machines (ATMs) in the 1970s, and it expanded globally through mergers and acquisitions, establishing a presence in key financial centers around the world.


Citibank is part of Citigroup, a multinational financial conglomerate headquartered in New York City. Citigroup operates in more than 100 countries and serves millions of customers worldwide. The bank has a strong global presence, with a focus on both consumer and institutional banking.


Citibank has faced various challenges and undergone transformations over the years. It experienced significant growth in the late 20th century but also faced financial difficulties during the global financial crisis in 2008. Since then, Citibank has implemented measures to strengthen its financial position and enhance its risk management practices.


As a global bank, Citibank is subject to regulatory oversight in multiple jurisdictions and operates under strict banking regulations and compliance standards.


Citibank has built a reputation for its wide-ranging banking services, technological innovations, and global reach. It has established a network of branches, ATMs, and online banking platforms to cater to the needs of its customers.

2021 Q1 Outlook

Macro Outlook: With the economy rebounding since COVID-19 and the lockdown began because the Fed is artificially stimulating the economy by printing money, the S&P 500 is expected to keep rallying. With it, so will the price of Citigroup shares. This rally will continue until the Fed stops printing money to sustain the economy. 


This is the biggest exchange of wealth in history, as trickle-down economics is not real.


Citigroup stock is currently undervalued according to its valuation multiples due to the COVID-19 market sell-off. It is trading at 53% of its pre-lockdown high of $80 per share.


FinThink forecasts Citigroup stock to trade at $55 to $65 per share in Q1 2021.