Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

Citigroup Inc. (NYSE: C) 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. Its segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other.

This US Daily Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Company details, technical guidance & Stock recommendation, and Price chart.

Price Performance:

• C's share price has corrected by 12.84% in the past one month. Moreover, in the long term, the stock has corrected by 16.99% over the past year.
• The stock is currently trading near to the lower end of its 52-week range of USD 23 and 52-week low price of USD 40.01, with the current price near an important support zone of USD 38.00- USD 41.00, with expectations of an upside movement from the current levels.
• The price is currently below its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI in oversold zone with value of around 27.48.

1.2 Summary Table

1.3 The Key Positives & Negatives

1.4 Key Metrics

Citi Group Inc has showcased an impressive upward trajectory in its capital strength and resilience. Over the past year, the Common Equity Tier 1 (CET1) Capital ratio has notably risen from 11.95% to a robust 13.30%, reflecting the company's proactive measures to fortify its financial foundation. The Total Capital Ratio has similarly shown marked improvement, advancing from 15.20% to an even more robust 16.10%. These remarkable gains in capital ratios not only highlight Citi Group's commitment to financial stability but also signify its enhanced ability to weather uncertainties and support sustainable growth in the long term.

Section 2: Citi Group Inc (“Buy” at current market price of USD 41.51, as of August 29, 2023, at 07:40 am PDT)

2.1 Company Details

2.2 Valuation and Technical Guidance

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is August 29, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.

Disclaimer

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