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CITIGROUP INC.

(C)
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Delayed Nyse  -  04:03 2022-10-03 pm EDT
42.56 USD   +2.14%
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05:38aAnalyst recommendations: Citigroup, EasyJet, Intuit, Sage, Wells Fargo...
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Citigroup : Statement from Edward Skyler on Citi's Operations in Ukraine and Russia

03/09/2022 | 04:51pm EDT
Statement from Edward Skyler on Citi's Operations in Ukraine and Russia

By Edward Skyler, Executive Vice President, Global Public AffairsMarch 9, 2022 04:30 PM

The senseless loss of life in Ukraine is utterly heartbreaking. Our top priority remains the safety of our colleagues and their families. We are proud of the members of the Citi family who have kept our bank operating despite the catastrophe unfolding around them. We have also begun supporting humanitarian efforts on the ground, starting with $1 million in donations from our foundation to relief organizations. Today, we announced that we will match contributions from Citi colleagues, which could lead to an additional $500,000 in donations.

We are continuing our previously announced efforts to exit our consumer banking business in Russia. As we work toward that exit, we are operating that business on a more limited basis given current circumstances and obligations. We are also supporting our corporate clients in Russia, including many American and European multi-national corporations who we are helping as they suspend or unwind their business. With the Russian economy in the process of being disconnected from the global financial system as a consequence of the invasion, we continue to assess our operations in the country.

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Disclaimer

Citigroup Inc. published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 21:49:15 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2022 75 154 M - -
Net income 2022 14 476 M - -
Net Debt 2022 - - -
P/E ratio 2022 5,90x
Yield 2022 4,81%
Capitalization 80 703 M 80 703 M -
Capi. / Sales 2022 1,07x
Capi. / Sales 2023 1,06x
Nbr of Employees 231 000
Free-Float 62,3%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 42,56 $
Average target price 59,30 $
Spread / Average Target 39,3%
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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
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