UBS Maintains a 'Buy' on Citi (C); Continued Expense Discipline is Encouraging

July 16, 2012 1:10 PM EDT
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Price: $46.94 +2.35%

Rating Summary:
    19 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 9 | New: 9
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UBS maintains a 'Buy' on Citi (NYSE: C) price target of $36.00.

Analyst, Brennan Hawken, is positive on Citi's recent earnings report, saying the continued expense discipline is encouraging.

This morning, Citi reported Q2 EPS of $1.00, topping estimates by $0.11. Revenues were $18.6 billion vs. the consensus of $18.76 billion.

Shares of C are trading up 0.94% (+$0.25) to $26.90, however, the stock has fallen from $35.07 in the past three months.

For an analyst ratings summary and ratings history on Citi click here. For more ratings news on Citi click here.

Shares of Citi closed at $26.65 yesterday.

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