Citigroup: Q3 Performance Justify Fair Value (NYSE:C)

19 hours ago · Q3 Performance. Citi’s revenue of $20.3 billion in the third quarter of 2024 was up 1% from a year earlier. Revenue fell 3.3% to $15.6 billion, while earnings per share (EPS) also …

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Citigroup: Q3 Performance Justify Fair Value (NYSE:C)

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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% …

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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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Lowering Our Fair Value For Citigroup Slightly After Third-Quarter ...

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Oct 27, 2023 · This leads to a fair value estimate of $91 per share, a through-the-cycle return on tangible equity of 10%, and an efficiency ratio of 61%. In other words, this is the case where …

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Citigroup’s Strong Q3 Performance And Strategic Outlook Earns …

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Oct 15, 2024 · In a report released today, Mike Mayo from Wells Fargo maintained a Buy rating on Citigroup (C – Research Report), with a price target of $85.00. Mike Mayo has given his …

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Citigroup Reports Strong Q3 Performance Supporting Fair Value ...

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18 hours ago · Citigroup reported strong performance in the third quarter, supporting its fair value assessment. The bank, valued at around $100 billion, is a key player in the global financial …

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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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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 …

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New Jersey MarketBeats | US | Cushman & Wakefield

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Oct 8, 2024 · Q3 2024 New Jersey Industrial Report In New Jersey industrial market, leasing grew by 19.4% quarter-over-quarter (QOQ), totaling 8.0 million square feet (msf) and bringing the …

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Why Citigroup's Stock Is A Top Pick - Morningstar

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Feb 15, 2023 · Fair Value Estimate for Citigroup Stock. After incorporating the latest earnings results, we are maintaining our $75 fair value estimate. This incorporates a mild recession …

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FAQs about Citigroup: Q3 Performance Justify Fair Value (NYSE:C) Coupon?

How did Citigroup perform in Q3 2024?

Citigroup's (NYSE:C) Q3 2024 report showcases solid, incremental progress, with revenues rising to $20.3 billion, up 1% year-on-year. Even more telling, when stripping out the noise from divestitures, revenues actually increased by 3%, driven by key segments like Services, Markets, and Investment Banking. ...

How did Citi perform in the third quarter of 2024?

Citi’s revenue of $20.3 billion in the third quarter of 2024 was up 1% from a year earlier. Revenue fell 3.3% to $15.6 billion, while earnings per share (EPS) also fell slightly to $1.51, down 7% from the previous year. ...

What was Citigroup's net income for the third quarter 2023?

View Financial Supplement (Excel) New York, October 13, 2023 – Citigroup Inc. today reported net income for the third quarter 2023 of $3.5 billion, or $1.63 per diluted share, on revenues of $20.1 billion. This compares to net income of $3.5 billion, or $1.63 per diluted share, on revenues of $18.5 billion for the third quarter 2022. ...

How did Citigroup perform in Q3?

All of Citigroup's (NYSE: C) businesses delivered positive operating leverage in Q3, Chief Financial Officer Mark Mason said on a call with reporters after the bank delivered a Q3 earnings beat. "We continue to make very good progress on the broad transformation process" and its simplification efforts. ...

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. ...

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. ...