CA - Citigroup: Q3 Performance Justify Fair Value

19 hours ago · Q3 2024 results show a 1% revenue increase to $20.3 billion, but net income fell 9% due to higher credit costs, highlighting short-term challenges. Citi's valuation metrics …

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CA - Citigroup: Q3 Performance Justify Fair Value

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19 hours ago · Q3 2024 results show a 1% revenue increase to $20.3 billion, but net income fell 9% due to higher credit costs, highlighting short-term challenges. Citi's valuation metrics …

marketwirenews.com

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Citi: Reasonable Q3 Results But Shares Appear Fairly Valued

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Nov 19, 2024 · Circling back to bank-wide interest income figures, we can see that Citi’s NIM has continued to fall to 2.33% as a result of NII decreasing to $11.96 billion from $12.13 billion in …

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C - Citi: Reasonable Q3 Results But Shares Appear Fairly...

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Nov 19, 2024 · Despite a 50% rally in 2024, Citi's weaker returns compared to peers justify a Hold rating until profitability increases or stock price discounts. Investment Thesis . Citi ( C ) is in the …

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Earnings Results Presentation - Citigroup

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Tangible Book Value Per Share(4) 3Q23 $86.90 vs. 3Q22 8% TTS highest revenue quarter in the last decade Cross border transaction value up ~16% YoY Securities Services revenue up 16% …

citigroup.com

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Citigroup Stock Surges After Q3 Performance With 9% Revenue …

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Oct 13, 2023 · Citigroup Inc (NYSE: C) reported a third-quarter FY23 net revenue growth of 9% year-over-year to $20.14 billion, beating the consensus of $19.32 billion. EPS of $1.63 beat …

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3Q23 C Press Release - Citigroup

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Citigroup Inc. (NYSE: C) October 13, 2023 THIRD QUARTER 2023 RESULTS AND KEY METRICS RETURNED $1.5 BILLION IN THE FORM OF DIVIDENDS AND REPURCHASES …

citigroup.com

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Citigroup’s Strong Q3 Performance And Strategic Outlook Earns …

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Oct 15, 2024 · C Earnings: Citigroup Tops Q3 Earnings Estimates; Citi still a source of strength for clients, says CEO; Citi expects to be at higher end of $53.5B-$53.8B expense guidance for …

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Citigroup Q3 Earnings, Revenue Top Consensus, With Growth In Five …

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Oct 13, 2023 · Citigroup stock gained 2.0% in Friday premarket trading after the bank posted better-than-expected Q3 earnings and revenue, with each of its five main units seeing revenue …

seekingalpha.com

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Citigroup Remains In A Turnaround; Increasing Fair Value Estimate

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Aug 26, 2024 · We are increasing our fair value estimate for Citigroup slightly to $70 per share from $68. Our fair value estimate is equivalent to 0.80 times tangible book value per share as …

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Citigroup Earnings: Laser Focus On Expenses Needed To

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Apr 12, 2024 · Citigroup C reported better-than-expected first-quarter earnings at $1.58 per share, compared with the FactSet consensus prediction of $1.18. An incremental $251 million FDIC …

morningstar.com

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Citigroup Q3 Earnings: The Good, The Bad, And The Ugly

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Oct 14, 2022 · Citigroup at 0.5x tangible book value is too cheap to ignore. _ultraforma_ In my last article on Citigroup Inc. ( NYSE: C ), I predicted that consensus EPS would be ~$1.55 to $1.60 …

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Citigroup Stock Is Trading 25% Below Its Fair Value

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Jan 27, 2021 · Citigroup stock (NYSE: C) is currently trading close to $62, which is 75% above the March 23 lows of the last year and almost 21% below its pre-Covid peak. Trefis estimates …

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FAQs about CA - Citigroup: Q3 Performance Justify Fair Value Coupon?

Was Q3 a confusing quarter for Citi?

Overall, Q3 was a confusing quarter for Citi. While strong equities markets and easing interest rates should have helped bolster NIM and Markets earnings, Citi continued to generate lackluster performances in both of these key categories. ...

Is Citi a good stock to buy in Q3 2024?

Q3 2024 results show a 1% revenue increase to $20.3 billion, but net income fell 9% due to higher credit costs, highlighting short-term challenges. Citi's valuation metrics indicate a mixed picture: a high P/E ratio suggests accounting risks, but a low P/B ratio offers a margin of safety for long-term investors. ...

Does Citi (C) have a good Q3 performance?

Citi (NYSE:C) is in the midst of a turnaround which is slowly but surely improving the earnings results being achieved by the bank. While Q3 results did see some solid gains in their Services, Banking and Wealthunits, the lacklustre performance by the USPB and Markets segments still raise some concerns. ...

Does Seeking Alpha's Quant affect Citi's profitability rating?

Seeking Alpha’s Quant appears to also penalise Citi’s overall profitability grade rating as a result of the weak incomes and generally poor returns on common equity, assigning the bank an “F” rating. C FY24 Q3 Earnings Presentation ...

Why did Citigroup's operating expenses increase 6% in Q3 2023?

Citigroup operating expenses of $13.5 billion in the third quarter 2023 increased 6%, largely driven by investments in risk and controls, severance and the impact of inflation. The expense increase was partially offset by productivity savings and expense reductions from the closed exits and wind-downs. ...

Will Citigroup's returns and revenue growth be lower than peers?

Citigroup's returns and revenue growth will be lower than peers', and there remains room for negative surprises on expenses as the bank invests in regulatory and growth initiatives. Remove the guesswork and make informed decisions faster. ...