Citi (C) Sees 2024 Revenue At About $80B-$81B - Slides

Goldman Sachs: Citigroup strategic transformation plan gains momentum

Goldman Sachs analysts remain positive on Citigroup (NYSE: C) following the company's investor day, with the firm maintaining their medium-to-longer term view and Buy rating on the stock.

While reiterating FY24 and medium-term financial targets, Citigroup is said to have impressed with its strategic focus on the Services business, a key driver of future growth.

The... More

RBC Capital Reiterates Outperform Rating on Citi (C)

RBC Capital analyst Gerard Cassidy reiterated an Outperform rating and $66.00 price target on Citi (NYSE: C)

The analyst comments "Citi's strategy and path forward remains largely unchanged. Today's presentations will highlight Citi's Services segment. Below we highlight Citi's 2024 outlook and medium-term financial targets,... More

Jefferies Reiterates Hold Rating on Citi (C)

Jefferies analyst Ken Usdin reiterated a Hold rating and $65.00 price target on Citi (NYSE: C)

The analyst comments "At its Services Investor Day, Citi held to firmwide med.-term ROTCE of 11%-12% (by 2026), driven by 4%-5% rev. CAGR and a... More

Evercore ISI on Citi (C): 'We expect the day to be a confidence builder and modestly positive to the story'

Evercore ISI analyst Glenn Schorr reiterated an In Line rating and $60.00 price target on Citi (NYSE: C).

The analyst comments "Citi is hosting a Services investor day today in an effort to increase the understanding and appreciation for what is arguably their best business. At the highest level, the deck shows medium term targets for Services revenue growth for the next 3 years to be up low to mid single digits and ROTCE to hit the mid 20s both might be a smidge above Street expectations. At first... More