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MarketScreener Homepage  >  Equities  >  Nyse  >  Citigroup Inc.    C

CITIGROUP INC.

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Citigroup : to seek sale of 50 branches in California - Bloomberg

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04/21/2014 | 06:35pm EST
The Citibank logo is seen at branch in Washington

(Reuters) - Citigroup Inc is seeking buyers for about 50 branches holding $3 billion (1 billion pounds) of deposits in California as the lender looks to trim its branch network, Bloomberg reported, citing three people involved in the process.

The branches, located in rural areas from Sacramento to north of Los Angeles, could sell for more than $100 million, Bloomberg reported. (http://link.reuters.com/mur68v)

Citigroup, which failed to find a buyer for 16 Nevada branches last year, wants to keep its offices in Los Angeles, San Francisco and San Diego.

The bank could not be immediately reached for comment.

(Reporting By Neha Dimri in Bangalore)

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Financials (USD)
Sales 2019 73 846 M
EBIT 2019 31 927 M
Net income 2019 17 455 M
Debt 2019 -
Yield 2019 2,52%
P/E ratio 2019 9,78x
P/E ratio 2020 8,94x
Capi. / Sales2019 2,24x
Capi. / Sales2020 2,21x
Capitalization 166 B
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Technical analysis trends CITIGROUP INC.
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 83,02  $
Last Close Price 75,81  $
Spread / Highest target 49,1%
Spread / Average Target 9,51%
Spread / Lowest Target -31,4%
EPS Revisions
Managers
NameTitle
Michael Louis Corbat Chief Executive Officer & Director
Jane Nind Fraser President & CEO-Global Consumer Banking
John C. Dugan Chairman
Mark A. L. Mason Chief Financial Officer
Anthony M. Santomero Independent Director
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