Citigroup (C) beats Q1 earnings, revenue consensus expectations
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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
Citigroup (C) Tops Q1 EPS by 36c
April 12, 2024 8:05 AM EDTCitigroup (NYSE: C) reported Q1 EPS of $1.58, $0.36 better than the analyst estimate of $1.22. Revenue for the quarter came in at $21.1 billion versus the consensus estimate of $20.39 billion.
For earnings history and earnings-related data on Citigroup (C) click here.
... MoreBig bank earnings, UK GDP growth, equity outflows - what's moving markets
April 12, 2024 5:42 AM EDTInvesting.com -- The first-quarter earnings season starts in earnest Friday, with a series of major banks set to report. The U.K. economy has returned to growth, while the crude market is set to end the week lower despite elevated Middle East tensions.Â
1. Big banks set to reportÂ
The first quarter earnings season is set to kick into overdrive, with a number of reports due from the all-important U.S. banking sector due later in the session.
JPMorgan Chase (NYSE:... More
Citigroup (C) April weekly 61 straddle into quarter results
April 12, 2024 3:53 AM EDTCitigroup (NYSE: C) April weekly 61 straddle priced for a move of 4.5% into the expected release of quarter results today before the bell.
... More