Citi Group

Citigroup (NYSE: C) is a global diversified financial institution that provides consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. It generated net interest income (NII) of USD 54.9 billion and non-interest income of USD 23.6 billion in 2023.

Citigroup operates under the five following segments:

• Services: Comprises Treasury and Trade Solutions (TTS) and Securities Services, providing transaction services and lending to institutional clients.

• Markets: Offers products and services related to fixed income, commodities, and equity markets.

• Banking: Includes Investment Banking, Corporate Banking, and Commercial Banking services.

• US Personal Banking: Provides retail banking services, including credit cards and personal loans, to US consumers.

• Wealth: Focuses on wealth management services for high-net-worth individuals.

Citigroup generated ~47% of its total topline in North America (largely the US). It expects full-year revenue to reach USD 80 billion–81 billion in 2024 (USD 78.5 billion in 2023). Over the medium term, Citigroup expects to achieve a 4%–5% revenue CAGR. It aims to achieve net-zero emissions in its operations by 2030 and its financed emissions by 2050.