Key Details
Price
$70.40Last Dividend
$0.56Annual Revenue
$78.49 BAnnual EPS
$4.04Annual ROE
4.52%Beta
1.10Events Calendar
Next earnings date:
Jan 10, 2025Recent quarterly earnings:
Oct 15, 2024Recent annual earnings:
Jan 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 04, 2024Next split:
N/ARecent split:
May 09, 2011Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Citigroup Inc.'s stock has outperformed the S&P 500 since our latest coverage, and we see additional gains ahead. The bank's financials show mixed results, with a slight revenue increase and higher credit costs. We think consolidation will occur in 2025, providing Citi with elevated interest and non-interest revenue. Net credit losses added an overhang to Citigroup's net income in Q3 2024. However, we see departure occurring in due course.
Citigroup (C) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
On Tuesday, Citigroup, a bank in the U.S., announced that it is leaving the Net-Zero Banking Alliance (NZBA), which is a coalition of international banks committed to reducing greenhouse gas emissions.
Citigroup has become more efficient through its cost-cutting and divestment strategies, and a $25 billion partnership with Apollo is boosting revenue without harming its capital position. Even with recent improvements, Citigroup's stock is still undervalued, with a price-to-tangible book value of 0.8x. Analysts suggest there is a 19.21% potential for growth, especially with a favorable yield curve that shows a larger difference between long- and short-term yields.
In the latest trading session, Citigroup (C) finished at $70.39, showing a decrease of 0.86% compared to the day before.
JPM, C, GS, and other banks have come together to file a joint lawsuit against the Federal Reserve regarding the clarity and structure of annual stress tests.
In the latest trading session, Citigroup (C) finished at $71, showing an increase of 1.76% compared to the day before.
On the most recent trading day, Citigroup (C) closed at $69.77, which is an increase of 0.84% compared to its last closing price.
Warren Buffett seems likely to outperform the S&P 500 once more in 2024, but the difference is not significant. So far this year, Berkshire Hathaway's stock has risen about 3% more than the S&P. Buffett has held shares in American Express for many years.
I am purchasing shares of Citigroup whenever the price drops, as I believe their strategic changes will start to reflect in their financial results by 2025. These changes involve streamlining the company, updating their systems, and expanding important areas like Services, Wealth Management, and Banking. Factors that could boost their performance include possible stock buybacks, relaxed regulations, reduced capital needs, and favorable industry trends, making their current valuation of 0.75 times tangible book value very attractive.
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