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Citigroup Inc (NYSE:). has made a strategic move to consolidate its foreign-exchange sales teams for corporate and institutional clients, placing them under the leadership of Sam Hewson, effective Tuesday. Hewson, a seasoned executive known for his work in corporate sales across Europe, the Middle East, and Africa, will now manage the combined teams.
This decision follows a series of leadership changes in Citigroup’s currency-trading division. Flavio Figueiredo recently assumed the role of head of the division on an interim basis, following a brief tenure by Leo Arduini. Arduini’s stint came after the departure of Stu Staley.
The unification of the foreign-exchange sales teams under Hewson’s leadership is seen as a strategic move to streamline operations and leverage Hewson’s extensive experience in corporate sales across diverse regions.
According to InvestingPro data, Citigroup currently has a market capitalization of 76.85B USD and a Price / Earnings ratio of 6.28. The company’s revenue for the last twelve months is 70.8B USD, with an operating income of 17.8B USD. Despite a slight decline in revenue growth, the company has maintained a dividend yield of 5.23%.
InvestingPro Tips also provides some additional insight into the company’s financial performance. The company is recognized as a prominent player in the Banks industry and has managed to maintain dividend payments for 13 consecutive years. However, analysts have noted a declining trend in earnings per share and the company is reportedly burning through cash quickly. Despite these challenges, Citigroup has been profitable over the last twelve months.
For those interested in more in-depth analysis and tips, InvestingPro offers a wealth of additional insights. These include information on earnings, dividends, and industry trends, among others. For more information, visit InvestingPro.
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