C // Citigroup Inc.

DES <GO> NYSE CIK 0000831001 ↗

Financials • Major Banks

$125.76 ▲ +1.65 (+1.33%)

MKT CAP: $210.95B • VOL: 9.16M

52W L $96 52W H $148

ALTMAN Z

0.45 RISK

PIOTROSKI

5 / 9

C // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 54/100 [D+] (-1 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE D+

RQD CONFIDENCE

53 / 100 -1D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Sell — Weak Fundamentals / Trim

01 MASSIVE / SEC XBRL

Forensic Fundamentals

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

02 OPRA GEX + SEC 13F

Whale & Options Flow

10 / 20

NEUTRAL

NET GEX +0% • CALL SWEEP 52% • P/C 0.71

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

11 / 20

NEUTRAL

NEUTRAL • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did C's Forensic Fundamentals & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever C is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON C)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 84/100 Z-SCORE: +2.54σ

C Accounting Gap: Net Income (+12.8%) Outpaced OCF (-120%) With +7.4% Working-Capital Build

CASH CONVERSION GAP

+132.8% (NI vs OCF)

RECEIVABLES / WC BLOAT

+7.4% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on Citigroup Inc. (C) exposes a +132.8% Cash Conversion Gap as YoY Net Income growth (+12.8%) diverged from Operating Cash Flow growth (-120.0%). Non-cash current assets and receivables expanded +7.4% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

C // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -4.17%🛡️ HOLDING TREND SUPPORT

2026-10-30O $124.0H $124.2L $120.7C $122.6VOL 13.63M

RES: $137.2SUP: $120.0SMA50: $130.0SMA200: $126.6

C // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

UNDERWEIGHT CONVICTION: 42/100

BEAR 0

100 BULL

Citigroup Inc. (C) exhibits 41.0% gross margins and 1.5% return on invested capital within Financials (Major Banks), balanced against a 39.9x enterprise multiple and 6.7% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 41.0% gross profitability converts into 20.5% operating margin and 1.5% ROIC, outpacing sector cost of capital.

ROIC: 1.5% // GM: 41.0%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +5.6% paired with -18.00% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +5.6% // FCF YLD: -18.00%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 0.45 and Piotroski F-Score of 5/9 indicate low near-term refinancing stress.

ALTMAN Z: 0.45 // F-SCORE: 5/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 14.7x trailing P/E (13.7x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 14.7x // EV/EBITDA: 39.9x

02. Options Skew & Event Volatility Risk

Options market prices a ±6.7% implied move with a 0.71 put/call ratio around $123.00 max pain.

IMPL MOVE: ±6.7% // P/C: 0.71

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Major Banks require continuous execution to defend 16.8% net margins.

NET MARGIN: 16.8% // D/E: 4.83x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 13.7x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 0.93).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 14.7x

FORWARD P/E 13.7x

EV / EBITDA 39.9x

FCF YIELD -18.00%

GROSS MARGIN 41.0%

OPERATING MARGIN 20.5%

NET MARGIN 16.8%

ROIC % 1.5%

REV GROWTH YOY +5.6%

DILUTED EPS TTM $8.53

DEBT / EQUITY 4.83x

DIVIDEND YIELD 2.55%

RSI-14 MOMENTUM 42.4

5Y EQUITY BETA 0.93

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // CPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $115.07

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for C & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

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