5 Most Progressive Companies in America

2. Citigroup Inc. (NYSE:C)

Number of sources that termed the company as progressive: 5

Citigroup Inc. (NYSE:C) is a New York-based company providing investment banking and other diversified financial services. The company is at the second position on our list of the most progressive companies in America.

Citigroup Inc. (NYSE:C) intends to increase the proportion of women in assistant vice president (AVP) to managing director (MD) levels from the current level of 40.6% to 43.5% by 2025. The second target of the bank is to increase the participation of Black employees in the AVP to MD hierarchy from the present levels of 8.1% to 11.5% during the same time frame. Citigroup Inc. (NYSE:C) made these announcements in September 2022. The company has also set a target to boost the representation of Hispanic and Latino groups. In March 2021, Citigroup Inc. (NYSE:C) became the first member of Wall Street to appoint a female CEO Jane Fraser.

Here’s what Diamond Hill Capital said about Citigroup Inc. (NYSE:C) in its Q1 2022 investor letter:

“Shares of Citigroup declined in the quarter as investors became increasingly negative on capital markets activity. The company is also continuing to divest certain consumer banking geographies which may be dilutive to earnings in the near term.”