Citigroup was the first U.S.-based company to disclose its adjusted pay-gap results, and in 2019, it became one of the first U.S. companies to disclose its unadjusted pay gap for women and U.S. minorities. The adjusted pay gap measures equal pay for equal work (two individuals in the same job with the same levels of performance and experience), while the unadjusted pay gap examines the average pay of women compared with men throughout the organization, regardless of role. Citigroup also partners with The Female Quotient, a women-owned business dedicated to advancing equality in the workplace through a free digital pay-gap tool for companies. Citigroup fares exceedingly well on key Morningstar metrics, earning a 5-star rating, and it is the most undervalued U.S. bank stock that Morningstar covers.