$Citigroup(C)$

Citigroup's most significant challenge currently revolves around the consent decree, necessitating substantial technology investments. Once their internal systems are modernized, they can reduce in-house software development.

Citigroup's latest quarterly presentation reveals that they retired over 290 technology applications year-to-date, replacing them with newer systems.

While waiting for the stock to recover may be frustrating, it's worth noting that Citigroup is providing a 5% yield during this interim period.

# US Stocks Opportunities

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet