Citigroup Inc
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Financials : Banks | Large Cap Value
Company profile

Citigroup Inc. is a diversified financial service holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It operates through two segments: Institutional Clients Group (ICG) and Global Consumer Banking (GCB). ICG segment consists of banking and markets and securities services and provides corporate, institutional, public sector and high-net-worth clients with a range of banking and financial products and services. GCB segment includes a global, full-service consumer franchise delivering an array of banking, credit card, lending and investment services through a network of local branches, offices and electronic delivery systems. It consists of three GCB units, which include North America, Latin America and Asia, including consumer banking activities in certain Europe, the Middle East and Africa (EMEA) countries.

Closing Price
$47.46
Day's Change
-0.18 (-0.38%)
Bid
--
Ask
--
B/A Size
--
Day's High
48.07
Day's Low
47.00
Volume
(Light)
Volume:
16,919,065

10-day average volume:
26,742,966
16,919,065

Wells Fargo to raise dividend by 25%

1:57 pm ET January 25, 2022 (MarketWatch)
Print

Shares of Wells Fargo & Co. (WFC) rose 0.4% in afternoon trading Tuesday, after the bank said it will raise its quarterly dividend by 25%. For shareholders of record on Feb. 4, the bank will pay out on March 1 a dividend of 25 cents a share, up from 20 cents in the previous quarter. Based on current stock prices, the new annual dividend rate implies a dividend yield of 1.87%, compared with the yield for the SPDR Financial Select Sector ETF (XLF) of 1.66% and the implied yield for the S&P 500 of 1.42%. "As I've said before, returning capital to shareholders is a priority and today's dividend increase reflects that," said Chief Executive Charlie Scharf. "We've made significant changes across the company which have improved our financial performance and I'm pleased that we are now in a position to increase the dividend." The stock has gained 5.8% over the past three months, while the financial ETF has declined 5.3% and the S&P 500 has lost 4.3%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

January 25, 2022 13:57 ET (18:57 GMT)

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