Citigroup's Q4 earnings will be closely watched, particularly its total expenses and credit quality, as it aims to streamline operations and improve efficiency. The banking sector has rebounded. Citigroup shares have rallied sharply but remain quite discounted compared to peers. I am watching for a number of developments in Wednesday's earnings report.
Q4 profit updates on tap amid as bullish sentiment remains after a strong 2024.
Citigroup has appointed Jeff Wu as Head of Markets Sales for China, effective immediately, aiming to unify its sales efforts across all its market products in the country, according to an internal memo seen by Reuters on Monday.
JPMorgan and Citigroup report Wednesday morning, January 15th, 2025, before the opening bell. Analyst consensus for JPM is expecting EPS of $4.11 on net revenue of $1.7 billion, for expected y-o-y growth of 45% on net revenue growth of 8%. For Citi, current 2025 consensus estimates are looking for $7.33 in EPS on $82.2 billion in net revenue, for expected y-o-y growth of 26% and 3% respectively.
The sell-off in financials is unwarranted; strong labor market and steepening yield curve are positive for banks, especially Citigroup. Citigroup's strategic transformation under CEO Jane Fraser is reshaping the bank, focusing on high-quality businesses and modernizing operations. Expecting stellar earnings for Citi in Q4-2024, driven by strong investment banking fees, equities trading momentum, and cost management.
Following billionaire investors can be a good idea. Many of these investors run large funds that manage billions in capital.
JPMorgan JPM shares are down a little over -3% since their late-November highs, marginally better than the Zacks Finance sector but lagging the broader market that is essentially flat over the same period. Since the November elections, however, JPMorgan shares are up close to +2%, while the S&P 500 index is modestly in the negative.
The Investment Committee give you their top stocks to watch for the second half.
JPMorgan, Citigroup and Bank of America are included in this Analyst Blog.
Citigroup Inc. C will release its fourth-quarter financial results before the opening bell on Wednesday, Jan. 15.
C Stock reaches 52-week high. Can the bank's transformational efforts and the Fed's recent rate cuts keep the momentum?
Citigroup Inc. C will release its fourth-quarter financial results before the opening bel l on Wednesday, Jan. 15.