Company Of The Day: Citigroup

+4.30%
Upside
64.07
Market
66.82
Trefis
C: Citigroup logo
C
Citigroup

What?

Citigroup (NYSE:C) is nearing the sale of its retail banking franchise in Taiwan to DBS Group for around $2 billion, per a report from The Wall Street Journal.

Why?

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Last April, Citi indicated that it would exit retail operations in a total of 13 markets, 10 of which are in the Asia-Pacific region. The company has already reached deals to sell its consumer-banking operations in Indonesia, Malaysia, Thailand, and Vietnam.

So What?

With these deals, the bank would be able to focus on the higher-value wealth-management and institutional-clients business. Citi stock declined by about 2% in Tuesday’s trading, roughly in line with the broader market.

See Our Complete Analysis For Citigroup

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 C Return 8% 8% 10%
 S&P 500 Return N/A% -4% 105%
 Trefis MS Portfolio Return -9% -9% 257%

[1] Month-to-date and year-to-date as of 1/18/2022
[2] Cumulative total returns since the end of 2016

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