Citigroup (C) Tops Q2 EPS by 22c

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Citi (C) PT Lowered to $101 at Oppenheimer Following Results

July 15, 2020 10:08 AM EDT

Oppenheimer analyst Chris Kotowski lowered the price target on Citi (NYSE: C) to $101.00 (from $106.00) while maintaining an Outperform rating.

The analyst commented, "After a $5.5B loan reserve build that penalized EPS by ~$2.05, C reported 2Q20 EPS of $0.50 (~covering the dividend) versus our... More