Can Citigroup Break Higher?
T = Trends for a Stock’s Movement
Citigroup is a global diversified financial services holding company providing consumers, corporations, governments, and institutions with a broad range of financial products and services. It operates in two segments: Citicorp and Citi Holdings. The company’s products and services are: consumer banking and credit, corporate and investment banking, securities brokerage, wealth management, and transaction services to consumers, corporations, governments, and institutions worldwide.
Michael Corbat took over as chief executive of Citigroup in 2012 after a scarring experience during the financial crisis, and quickly began cutting back the bank’s sprawling global reach. The third-largest U.S. lender by assets has since closed unprofitable consumer businesses from Pakistan to Paraguay. But Pramit Jhaveri, Citi’s chief executive in India, is in a bullish mood. He has seen his country included in the company’s crucial “invest-to-grow” bracket of about 20 fast-expanding markets. That is a licence to pursue growth in what will become the world’s third largest banking system by assets during the next two decades. “Mike has been very clear, when he was out here in September last year,” says Mr Jhaveri. “Growth is what we are focused on. Execution and growth.”