Citigroup Streamlines Bill Discounting with New Paperless, Digital Solution For Clients
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Should l Buy C?
Source: Benzinga
Citi Digital Bill Launch: Citigroup has introduced Citi Digital Bill (CDB), a digital bill discounting solution that eliminates the need for physical documents, streamlining receivables management and reducing the time to monetize receivables from a week to under an hour.
Expansion Plans and Financial Performance: CDB is currently available in the U.S., U.K., and Ireland, with plans for expansion in 2024. Additionally, Citigroup reported a 1% year-over-year revenue growth in Q3, exceeding estimates with earnings per share of $1.51.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 111.640
Low
87.00
Averages
131.00
High
150.00
Current: 111.640
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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