How to buy Citigroup shares (2024) – invest in Citigroup
Citigroup is one of the largest banks in the world. Do you want to buy Citigroup shares? In this article, you will find everything you need to know before you start investing in Citigroup stocks!
Citigroup is considered a reasonably stable and powerful stock. During an economic crisis, the stock price can temporarily drop significantly due to concerns that the bank may not recover loans. When the situation turns out to be less severe than anticipated, the stock price can recover. Particularly during such price dips, it can be attractive to buy Citigroup shares. You can buy Citigroup shares through one of the brokers listed below:
| Brokers | Benefits | Register |
|---|---|---|
 | Buy Citigroup without commissions. Your capital is at risk. Other fees may apply. | |
 | Speculate with CFD's on increasing & decreasing prices of Citigroup! 82% of retail CFD accounts lose money. | |
 | Benefit from low fees, an innovative platform & high security! | |
 | Speculate on price increases and decreases of Citigroup with a free demo! |
What is the current stock price of Citigroup?
The price of a banking stock is highly cyclical and can therefore be volatile. The chart below shows the price history of Citigroup shares. You can use the buttons to open a position on the stock directly.
Company information of Citigroup
Below, you will find the key company information of Citigroup.
Before deciding whether to buy or sell Citigroup, it is important to analyse the stock thoroughly. The overview below shows how Citigroup has performed over the past period.
Stock prices of Citigroup over the last 5 days
In the table below, you can see the stock prices of Citigroup for the last 5 days:
What will be the performance of Citigroup in 2024?
Are you curious about what analysts think about the performance of Citigroup in 2024 and the following years? We have combined the predictions of analysts using Alpha Vantage data. Please note that this figure is just a forecast of the price trend of Citigroup and may not come true.
Why could it be interesting to invest in Citigroup stocks?
- Well-known bank: Citigroup is one of the most recognized banks globally, which allows it to charge higher fees than smaller competitors.
- Global presence: Citigroup operates in over 160 countries and continues to expand in emerging economies.
- New services: Citigroup invests in the development of new products and services. For example, Citigroup has introduced a new banking application and a new trading platform.
- Dividend: Citigroup pays an attractive annual dividend.
- Economic situation: When the economy performs poorly, it can put pressure on the bank’s profitability.
- Competition: Citigroup constantly competes with other banks which can squeeze profitability and profit margins.
- Costs: The fees for Citigroup increased due to inflation and rising interest rates.
- Political risks: Regulatory scrutiny on banks is increasing. As a result, Citigroup has to spend more money to comply with all laws and regulations.
Who are Citigroup’s biggest competitors?
- JPMorgan Chase
- Bank of America
- Wells Fargo
- Goldman Sachs
- Morgan Stanley
You can buy Citigroup shares through a stockbroker by following these steps:
- First, open an account with a reliable stockbroker
- Take the time to activate your investment account
- Deposit sufficient funds into your account to buy Citigroup shares
- Select the Citigroup stock within the investment platform
- Enter the amount you want to invest in Citigroup stocks
- Click on buy to purchase Citigroup shares directly
About Citigroup
Citigroup manages approximately 200 million client accounts across more than 100 countries. The company offers a wide range of financial products and services to corporations, government entities, agencies, and individuals. These include credit services, commercial banking, investment banking, retail banking, securities brokerage, and asset management.
Million-dollar fine for Citigroup
In 2017, Citigroup was fined $11.5 million for providing incorrect advice to some clients. Instead of the intended sales advice, a buy recommendation was given due to a technical issue. Despite multiple warnings from the bank, the problem was not resolved quickly. Such issues can damage a bank’s reputation, which makes it important to be cautious when considering an investment in Citigroup shares.
Acquisition of Banamex
In 2001, Citigroup acquired Banamex, the second-largest bank in Mexico, for $12.5 billion. With this acquisition, the bank aimed to strengthen its position in Mexico and gain access to the 21 million Mexicans residing in the United States.
Citibank had been operating in Mexico since 1929. In 1981, all Mexican banks, including Banamex, were nationalized. However, Citibank was granted permission to continue operating in Mexico, distinguishing it as one of the few foreign banks allowed to do so.
Segments of Citigroup
Citigroup is divided into three business segments, with Global Consumer Banking and the Institutional Clients Group being the most significant. The third segment is Citi Holdings, which encompasses all other activities.
Investing in a banking stock like Citigroup is not suitable for every type of investor. The balance sheet of a bank can be difficult to understand due to the intangible nature of financial assets. Additionally, banks can fail if they make poor decisions, which results in the complete loss of your investment as a shareholder.
Therefore, take the time to understand the risks of investing in Citigroup stocks before opening an investment position. There are many banks available, and a competitor may also be an interesting investment option. Avoid investing all your money in banking stocks; diversifying your wealth reduces the risk of your overall investment portfolio.
