Citigroup CEO Jane Fraser said Monday that most of the Wall Street bank's business clients believe they can cope with U.S. tariffs of up to 10% on foreign countries, including China, but that levies any higher would make things difficult.
C's business restructuring efforts and focus on core operations are encouraging. Read on to know whether it is the right time to buy the stock.
Citigroup (C) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Citigroup has undergone significant restructuring, focusing on profitable segments, resulting in impressive financial performance and a strong Q1, despite recent share price declines. Citigroup trades at a steep discount to its peers, with a low earnings multiple and a 39.12% discount to book value, presenting a strong value play. The bank's robust capital allocation, including a 3.54% dividend yield and a $20 billion share buyback program enhances shareholder value.
Citigroup's shares are undervalued at ~0.7x tangible book value, making buybacks highly attractive, especially with a projected RoTCE of 10%-11% by 2026. Citi's ability to execute buybacks is constrained by its CET1 ratio, but potential reductions in the SCB could unlock significant capital for buybacks. Long-term capital ratio targets may decrease to 11.5%-12%, driven by asset shedding, regulatory changes, and strategic pivots to stable businesses.
If you're on the hunt for bargains after the recent stock market dip, look no further than Citigroup (C 1.85%). The bank is trading at a 27% discount to its tangible book value, making it a golden opportunity for value-focused investors.
Citigroup (C -3.59%) is a bank you've likely heard of, given its long history and size. It is currently offering dividend investors a 3.5% forward dividend yield versus the 2.6% average for banks.
Turmoil can be challenging for everyday consumers but offer the sophisticated investor opportunity. Citigroup on Tuesday (April 15) announced its first quarter 2025 financial results, spotlighting a 23% bump in trading profits amid ongoing macro uncertainty.
Citigroup Inc. (NYSE:C ) Q1 2025 Earnings Conference Call April 15, 2025 11:00 AM ET Company Participants Jenn Landis - Head, Investor Relations Jane Fraser - Chief Executive Officer Mark Mason - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Jim Mitchell - Seaport Global Mike Mayo - Wells Fargo Ebrahim Poonawala - Bank of America John McDonald - Truist Securities Ken Usdin - Autonomous Research Betsy Graseck - Morgan Stanley Erika Najarian - UBS Vivek Juneja - JPMorgan Gerard Cassidy - RBC Matt O'Connor - Deutsche Bank Saul Martinez - HSBC Operator Hello, and welcome to Citi's First Quarter 2025 Earnings Call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.
While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
C's first-quarter 2025 results benefit from a rise in NII and a fall in expenses. Rising loans and deposits balance acts as another positive.
Citigroup Inc (NYSE:C) shares moved higher as the bank reported profits and revenue above expectations for the first quarter. Net income was $4.1 billion or $1.96 per share, compared to the consensus of $1.85.