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Citigroup

C on NYSE. National commercial banks. Market value $156.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
6.8%five-year median

Yearly profit per dollar of owners' money: 7 cents. Above 10 is good.

Price to book
quarterly report to June 2026
1.1×

What you pay for each dollar of net assets: $1.06.

Earnings yield
past 12 months to June 2026
7.9%

Profit per $100 you pay: $7.93.

Quality score: 54 of 100. Price score: 98 of 100. Our list needs 70 on quality and 60 on price.

$128.55 a share, 37% above its 1-year low

Over the past year the price has ranged from $93.66 to $147.96.

Expected to report results Tuesday 13 Oct, before the market opens.

Dividend: 2.4% a year

Paid every year for at least 5 years

Prices from Monday’s close (5 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$71.9bn$75.3bn$78.1bn$80.7bn$85.2bn
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
1.94bn1.91bn1.89bn1.79bn1.75bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsSlow, 2.5% a year
  • Buying back its own sharesYes, 10% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $24.8 billion last quarter, up 14% on a year ago.
  • Profit: $5.8 billion, up 45% on a year ago.
  • Over the past 12 months it spent $24.5 billion more cash than it brought in, compared with $93.7 billion a year earlier.
  • 8% fewer shares than a year ago. Each share owns a bit more of the company.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$20.2bn
December 2024Not reported
March 2025$21.6bn
June 2025$21.7bn
September 2025$22.1bn
December 2025Not reported
March 2026$24.6bn
June 2026$24.8bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$3.2bn
December 2024$2.9bn
March 2025$4.1bn
June 2025$4.0bn
September 2025$3.8bn
December 2025$2.5bn
March 2026$5.8bn
June 2026$5.8bn

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
13 October 2026
Last annual report (10-K)
20 February 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

27 long-term investors we follow own it, unchanged from 27 last quarter. 2,631 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 8 sold $23m.

  • DUGAN JOHN CUNNINGHAM
    Director
    Sold
    Date
    8 May 2026
    Shares
    2,117
    Price
    $125.30
    Value
    $265,260
  • Skyler Edward
    Hd of Ent Svc & Public Affairs
    Sold
    Date
    15 April 2026
    Shares
    25,000
    Price
    $131.41
    Value
    $3m
  • Giles Nicole
    CHIEF ACCOUNTING OFFICER
    Sold
    Date
    15 April 2026
    Shares
    12,732
    Price
    $131.80
    Value
    $2m
  • Mason Mark
    Chief Financial Officer
    Sold
    Date
    20 February 2026
    Shares
    3,627
    Price
    $114.71
    Value
    $416,049
  • Torres Cantu Ernesto
    Head of International
    Sold
    Date
    13 February 2026
    Shares
    67,318
    Price
    $111.11
    Value
    $7m
  • LUCHETTI GONZALO
    Head of U.S. Personal Banking
    Sold
    Date
    12 February 2026
    Shares
    19,974
    Price
    $115.03
    Value
    $2m
  • Habner Pamela
    Head of U.S. Consumer Cards
    Sold
    Date
    12 February 2026
    Shares
    29,754
    Price
    $117.26
    Value
    $3m
  • Giles Nicole
    CHIEF ACCOUNTING OFFICER
    Sold
    Date
    11 February 2026
    Shares
    16,792
    Price
    $119.04
    Value
    $2m
  • Garg Sunil
    CEO, Citibank, N.A.
    Sold
    Date
    11 February 2026
    Shares
    18,000
    Price
    $118.49
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 5 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.