Citigroup profit beats estimates on investment banking surge
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JPMorgan Reiterates Neutral Rating on Citi (C)
October 16, 2024 6:15 AM EDTJPMorgan analyst Vivek Juneja reiterated a Neutral rating and $71.50 price target on Citi (NYSE: C).
The analyst comments "Citi posted mixed 3Q EPS of $1.51. Overall, Citi continues work on its regulatory issues as well as improving efficiency and growing revenues to increase RoTCE which remains very low at about 7%, flattish qoq and yoy. Key takeaways: 1) there was... More
Citi (C) PT Raised to $64 at Evercore ISI
October 16, 2024 5:59 AM EDTEvercore ISI analyst Glenn Schorr raised the price target on Citi (NYSE: C) to $64.00 (from $63.00) while maintaining a In Line rating.
The analyst comments "Results were strong & mgmt. reiterated FY2024 guidance but some concerns over Citis ability hit medium-term return targets and regulatory tail risk sent the shares down 5.11%. We... More
