Citigroup Reports First Quarter 2024 Results
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April 15, 2024 6:41 AM EDT
BMO Capital analyst James Fotheringham raised the price target on Citi (NYSE: C) to $63.00 (from $61.00) while maintaining a Market Perform rating.
The analyst comments "Despite C's 1Q24 big credit and fees beat, our out-year estimates are essentially unchanged; higher fees offset higher provisions.... More
April 12, 2024 9:16 AM EDT
Goldman Sachs analyst Richard Ramsden reiterated a Conviction Buy rating and $69.00 price target on Citi (NYSE: C).
The analyst comments "C reported 1Q24 EPS of $1.58 vs GSe/Visible Alpha Consensus Data of $1.04/$1.14, with core EPS of $1.87, above our like estimate of $1.52 (excluding separation costs related divestitures, lending hedges, normalizing the tax rate, adjusting for impairment, FDIC special assessment, and coring out reserve), predominately due to higher fee revenue than the Street had expected, coupled with lower... More
April 12, 2024 8:14 AM EDT
Citigroup (NYSE: C) reported its first-quarter earnings Friday. Earnings and revenue topped analyst consensus expectations, pushing its stock price 1% higher premarket.
The bank posted earnings per share of $1.58, above the consensus estimate of $1.22, while revenue for the quarter came in at $21.1 billion, topping the consensus estimate of $20.39 billion.
Revenues... More
