Citigroup Inc. (NYSE:C), a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2020, it operated 2,303 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.
- Market Cap: 92.94B
- PE Ratio: 5.62
- EPS: 8.51
- Dividend Yield: 4.39%
Citigroup is one of America’s largest banks. Having a large business spanning investment banking, retail banking and international operations, Citigroup is one of the most diversified global financial firms out there. It’s also becoming a popular value stock pick now because Warren Buffett’s Berkshire Hathaway Inc. picked up a cool 56 million shares of Citigroup stock last quarter. With Berkshire putting nearly $3 billion into Citigroup, this is a sign that Buffett is on board with Citigroup’s corporate turnaround. This vote of confidence is worth a lot, given that Buffett has a long and skillful track record of investing within the American banking industry. Thus, Citicorp is the best dividend bank stock to own for long term investors.