CITIGROUP INC.

(C)
  Report
Delayed Nyse  -  04:03 2022-08-19 pm EDT
52.61 USD   -1.76%
04:07pSECTOR UPDATE : Tech Stocks Stumble in Friday Trade
MT
03:51pSECTOR UPDATE : Tech
MT
10:35aMARKETSCREENER'S WORLD PRESS REVIEW : August 19, 2022
MS
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Citi Partners with METACO to Develop Institutional Digital Asset Custody Capabilities

06/22/2022 | 01:00am EDT

Citi announced that it has selected METACO to develop and pilot digital asset custody capabilities. This collaboration brings together METACO's technology and digital solutions with Citi's expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly and securely. Citi intends to fully integrate METACO's bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities.

This strategic partnership enables Citi to extend its existing capabilities to digital assets while leveraging its current technological, operating and servicing model. Citi's extensive global network, coupled with the power of the Harmonize platform, will allow Citi to expand securely and effectively into new markets, while utilizing its existing global operations, technology, and risk frameworks. The technology capabilities developed under this partnership will be an integral part of Citi's Institutional Client Group digital asset strategy.

The leading technology provider to financial institutions in the digital asset ecosystem, METACO has supported several key implementations, including FINMA, BaFin, FCA, Banco de España, and MAS regulated institutions. With over USD 27 trillion of assets under custody, administration and trust, and an industry-leading proprietary network spanning 63 markets, Citi Securities Services provides clients with in-depth local market expertise, advanced processing technologies, and a wide range of custody and fund services that can be tailored to meet clients' needs.


© S&P Capital IQ 2022
All news about CITIGROUP INC.
04:07pSECTOR UPDATE : Tech Stocks Stumble in Friday Trade
MT
03:51pSECTOR UPDATE : Tech
MT
10:35aMARKETSCREENER'S WORLD PRESS REVIEW : August 19, 2022
MS
07:39aCitigroup Unit Fined 12.6 Million Pounds by UK Regulator for Failing to Detect Potentia..
MT
05:51aUK's FCA fines Citigroup $15 mln for market abuse rule failings
RE
05:15aCitigroup fined $15 million for failures over market abuse rules
RE
04:57aStocks set to end 4-week winning streak on recession worries
RE
08/18U.S. labor market resilient despite rate hikes; housing market wilting
RE
08/18Citi Recognized by Aite-Novarica Group for Innovations Helping to Combat Fraud
BU
08/18EUROPEAN MIDDAY BRIEFING : Stocks Mixed as -2-
DJ
More news
Analyst Recommendations on CITIGROUP INC.
More recommendations
Financials (USD)
Sales 2022 75 122 M - -
Net income 2022 14 528 M - -
Net Debt 2022 - - -
P/E ratio 2022 7,39x
Yield 2022 3,81%
Capitalization 104 B 104 B -
Capi. / Sales 2022 1,38x
Capi. / Sales 2023 1,37x
Nbr of Employees 231 000
Free-Float 62,4%
Chart CITIGROUP INC.
Duration : Period :
Citigroup Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CITIGROUP INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 53,55 $
Average target price 60,27 $
Spread / Average Target 12,5%
EPS Revisions
Managers and Directors
Jane Nind Fraser President, Chief Executive Officer & Director
Mark A. L. Mason Chief Financial Officer-Institutional Clients
John C. Dugan Chairman
Mike Whitaker Head-Operations & Technology
Mary Mcniff Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
CITIGROUP INC.-11.33%103 711
JPMORGAN CHASE & CO.-23.18%356 718
BANK OF AMERICA CORPORATION-18.45%291 518
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.-7.95%216 443
WELLS FARGO & COMPANY-3.83%175 011
CHINA CONSTRUCTION BANK CORPORATION-9.63%157 290