Citi (C) PT Raised to $72 at Argus

Citi (C) PT Raised to $67 at BMO Capital

July 15, 2024 7:32 AM EDT

BMO Capital analyst James Fotheringham raised the price target on Citi (NYSE: C) to $67.00 (from $65.00) while maintaining a Market Perform rating.

The analyst commented, "Despite C's 2Q24 big broad-based beat, we lower out-year estimates marginally; lower-thanpreviously modeled NII and higher provisions more than offset... More

Trump, Powell's speech, Goldman earnings - what's moving markets

July 15, 2024 5:15 AM EDT

Investing.com -- Wall Street looks set to start the new week on a positive note, as investors digest the implications of the attempt on former President Donald Trump's life, ahead of a deluge of corporate earnings, including from Goldman Sachs, and comments from Fed Chair Jerome Powell.   

1. Trump set to receive Republican nomination this week

The 2024 Republican National Convention starts later Monday in Milwaukee, with former President Donald Trump set to receive his party's official nomination just a few days after narrowly escaping an attempted... More

Evercore ISI Reiterates In Line Rating on Citi (C)

July 15, 2024 4:34 AM EDT

Evercore ISI analyst Glenn Schorr reiterated an In Line rating and $62.00 price target on Citi (NYSE: C).

The analyst comments "2Q results were pretty good & mgmt. reiterated their full year guidance but some concerns over potential expense pressures put a damper on what otherwise looked like steady progress, pushing the shares down ~2% on the day. While some feared the OCCs recent amendment to the 2020... More

Citi (C) PT Raised to $71 at CFRA

July 12, 2024 2:19 PM EDT

CFRA analyst Kenneth Leon raised the price target on Citi (NYSE: C) to $71.00 (from $67.00) while maintaining a Buy rating.

The analyst commented, "We raise our 12-month target to $71 from $67 on a wider P/E multiple of 11.5x our 2024 EPS estimate,... More

Citi shares climb as Q2 earnings, banking revenue surpass expectations

July 12, 2024 8:12 AM EDT

Shares in Citigroup (NYSE: C) climbed 2.3% in premarket trading Friday after the Wall Street bank topped consensus estimates for second-quarter earnings.

Citi posted Q2 earnings per share (EPS) of $1.52, topping the consensus projection of $1.40. Revenue for the quarter matched the consensus estimate of $20.1 billion.

Banking revenue stood at $1.63 billion, above the estimated $1.55 billion.

Meanwhile, investment banking revenue was... More

Citi profit beats on surge in investment banking, services strength

July 12, 2024 8:04 AM EDT

By Tatiana Bautzer and Manya Saini

(Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but shares fell 2% amid investor worries about expenses, dividends and market share.

The third largest U.S. lender reported a profit of $1.52 per share in the three months ended June 30, above analysts' expectations of $1.39, according to LSEG data.

Citi had a 7.2% shareholder return in the second quarter, far from its target of 11% to 12%, said Warren Kornfeld, senior vice president in the financial institutions group at Moodys Ratings.

... More

Citigroup (C) Tops Q2 EPS by 12c

July 12, 2024 8:01 AM EDT

Citigroup (NYSE: C) reported Q2 EPS of $1.52, $0.12 better than the analyst estimate of $1.40. Revenue for the quarter came in at $20.1 billion versus the consensus estimate of $20.1 billion.

For earnings history and earnings-related data on Citigroup (C) click here.

... More

September rate cut, bank earnings, Biden presidential bid - what’s moving markets

July 12, 2024 3:40 AM EDT

Investing.com-- Wall Street marked an unexpected reaction to softer-than-expected inflation data, with heavyweight technology stocks logging steep losses after the reading even as optimism over a September interest rate cut grew. 

Losses in U.S. futures suggested that this trend was set to continue on Friday. But key producer price index data, and the onset of the second quarter earnings season, are set to offer more cues to markets. 

President Joe Biden also reiterated his intention to run against Donald Trump in the 2024 elections, dismissing calls for him to pull out amid... More

Citigroup (C) call put ratio 2.3 calls to 1 put into quarter results

July 11, 2024 11:12 AM EDT

Citigroup (NYSE: C) July 12 weekly call option implied volatility is at 101, July is at 42; compared to its 52-week range of 21 to 35; into the expected release of quarter results before the bell on July 12. Call put ratio 2.3 calls to 1 put with focus on July 12 weekly 65, 67 and 68 calls.

... More

Piper Sandler Reiterates Overweight Rating on Citi (C)

July 11, 2024 7:53 AM EDT

Piper Sandler analyst R. Scott Siefers reiterated an Overweight rating and $70.00 price target on Citi (NYSE: C).

The analyst commented, "This evening, the Fed and OCC fined C a combined $136M for violating terms of 2020 enforcement actions, with both regulators suggesting that the company... More