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MarketScreener Homepage  >  Equities  >  Nyse  >  Citigroup Inc.    C

CITIGROUP INC.

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

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04/21/2014 | 06:35pm EDT
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)

Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -2.07% 43.93 Delayed Quote.-45.01%
SEEK LIMITED 0.64% 20.3 End-of-day quote.-9.98%
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Financials (USD)
Sales 2020 74 011 M - -
Net income 2020 7 010 M - -
Net Debt 2020 - - -
P/E ratio 2020 13,4x
Yield 2020 4,67%
Capitalization 91 456 M 91 456 M -
Capi. / Sales 2020 1,24x
Capi. / Sales 2021 1,28x
Nbr of Employees 204 000
Free-Float 67,0%
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Technical analysis trends CITIGROUP INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 66,31 $
Last Close Price 43,93 $
Spread / Highest target 141%
Spread / Average Target 50,9%
Spread / Lowest Target 11,5%
EPS Revisions
Managers
NameTitle
Michael Louis Corbat Chief Executive Officer & Director
Jane Nind Fraser President, Director & CEO-Global Consumer Banking
John C. Dugan Chairman
Mike Whitaker Head-Operations & Technology
Mark A. L. Mason Chief Financial Officer
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