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The City Bank of New York participated in lending efforts funding the War of 1912.

1856-1882

Moses Taylor was the bank's most important president and a major financier for the Union Army. 

Nov. 1929

Charles E. Mitchell, bank president, was blamed by a U.S. Senator as one of the "more than 50 men... responsible for this stock crash"

1961

The bank pioneered selling negotiable CDs, its biggest source of funds after savings deposits.

1974

The bank's holding company changed its name to Citicorp "to better suit its global businesses."

1998

Travelers Group purchased all Citicorp shares, creating Citigroup.

2008

Citigroup suffered billions of dollars in losses during the subprime mortgage crisis. 

The U.S. government invested in &25 billion in Citigroup under the Emergency Economic Stabilization Act.

ICYMI: Citigroup's (C - Get Report) reported mixed quarterly earnings results before Monday's opening bell and that has set an inauspicious tone to a week of bank earnings. Citigroup is Real Money's Stock of the Day (Jan. 14, 2019).

Highlights:

  • The company reported a beat on earnings per share of $1.61 per share against expectations of $1.55 per share
  • It missed on revenue with $17.1 billion against an expectation of $17.5 billion.
  • Citigroup also came in just under its expected efficiency ratio, reporting a number of 57.4 against a 57.6 analyst forecast for 2018.

Real Money's Columnists are covering every angle. 

Citigroup is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells a stock? Learn more here..

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