Is Citigroup Inc. (C) one of the Best Forever Stocks to Buy Now?

Citigroup Inc. (NYSE:C) is one of the best forever stocks to buy now. On February 26, BlackRock selected Citigroup Inc. (NYSE:C) to provide select middle-office functions for $4 trillion in U.S.-domiciled ETFs. The deal affirms the long-standing relationship between the two companies while asserting Citi’s edge in ETF and middle-office servicing capabilities.

Citi has also been a trusted partner as BlackRock increasingly transitions its ETF operating model onto the Aladdin platform. In 2021, the asset manager selected Citi as a post-trade service provider for its U.S.-domiciled iShares ETFs. Consequently, the company has been providing custodial fund administration and transfer agency services.

Following the BlackRock deal, CEO Jane Fraser has reiterated that Citigroup is targeting a 10% to 11% ROTCE this year, driven by revenue growth and disciplined capital allocation. As part of the drive, the bank is investing heavily in artificial intelligence and technology to enhance productivity and client service. It is also in the process of integrating a retail bank into its wealth management in a bid to create synergies and drive growth.

Citigroup Inc. (NYSE:C) is a global diversified financial services holding company that provides consumers, corporations, governments, and institutions with a broad range of financial products and services. Its core business activities include investment banking, retail banking, securities brokerage, transaction services, and wealth management.

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