Hey, have you caught the latest scoop from Citigroup Inc? It’s making waves! The big bank’s shaking things up by merging its foreign-exchange sales teams for big corporate clients. And guess who’s steering this ship? None other than the whiz Sam Hewson, starting Tuesday! With a solid track record in corporate sales from Europe to Africa, this guy’s a game-changer!
Now, this move ain’t coming out of the blue. The currency-trading wing at Citigroup’s seen a musical chairs of sorts. After Stu Staley made his exit, Leo Arduini stepped in, albeit for a short stint, and now, Flavio Figueiredo’s taken the reins. But with Sam now at the helm of this combined team, it looks like they’re gunning to fine-tune their game and tap into his vast sales experience.
Craving some digits on Citigroup? InvestingPro’s got the deets. With a market cap of a whopping 76.85B USD and a Price / Earnings ratio sitting at 6.28, it’s clear they’re a big deal. Last year? They raked in a cool 70.8B USD, with an operating income of 17.8B USD. Even with a slight dip in their revenue growth, they’re still dishing out a neat dividend yield of 5.23%. Not too shabby, right?
However, all ain’t rosy. InvestingPro’s fine print shows a wee bit of concern. Although Citigroup’s been consistent with their dividend payouts for 13 straight years, there’s a little hiccup. Their earnings per share seem to be on a downhill ride, and the rumor mill suggests their cash might be drying up a tad quick. But, silver lining? They’re still pocketing profits!
For folks wanting the nitty-gritty on Citigroup and other financial giants, InvestingPro’s the place to be. From earnings snapshots to industry tidbits, they’ve got the full lowdown.
Just a heads up, this piece’s got a pinch of AI magic, but fret not, a human editor gave it the green light. Need more info? Check out InvestingPro’s T&C. Cheers!