Citi profit falls on severance costs from reorganization while stock slides
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Citi (C) PT Raised to $63 at BMO Capital
April 15, 2024 6:41 AM EDTBMO 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
Goldman Keeps Conviction Buy Rating on Citi (C), 'A good start of the year'
April 12, 2024 9:16 AM EDTGoldman 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
