The Investment and Wealth Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment and information management services.
The Other segment engages in the leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment and business exit activities. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals and family offices.
The dividend yield here is 3.35%. The $58 Citigroup price target is a Wall Street high. The consensus target is $53.47, and Bank of New York Mellon stock closed at $43.82 on Thursday.
Citigroup
This top bank has rallied nicely off the lows, and Warren Buffett bought a massive $2.5 billion worth of stock back in the summer of 2022. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations and governments a broad range of financial products and services.
The company offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. And it operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia and elsewhere.
Trading at a still cheap 7.0 times estimated 2023 earnings, Citigroup stock looks quite reasonable in what remains a volatile stock market and in a sector that has dramatically lagged.
Citigroup stock investors receive a 4.50% dividend. Oppenheimer has set its price target at $78, a Wall Street high. The consensus target is $57.39, and shares closed on Thursday at $45.38.
MasterCard
This continues to be one of the top credit card players in the world. Mastercard Inc. (NYSE: MA) is a technology company that provides transaction processing and other payment-related products and services globally. It facilitates the processing of payment transactions, including authorization, clearing and settlement, as well as delivers other payment-related products and services.
The company offers integrated products and value-added services for account holders, merchants, financial institutions, businesses, governments and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments. Its payment products and solutions allow its customers to access funds in deposit and other accounts, and it offers prepaid programs services, as well as commercial credit, debit and prepaid payment products and solutions.
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