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.
Citigroup's markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain, the bank said on Tuesday.
Citigroup (C) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.58 per share a year ago.
Citigroup (C) shares rose in premarket trading Tuesday after the bank reported better-than-expected first-quarter results as volatile markets boosted equities trading.
Citigroup is scheduled to report first-quarter earnings before the opening bell Tuesday. Citigroup may have a key disadvantage when it comes to first-quarter earnings.
C's first-quarter 2025 results will likely reflect the benefits of a rise in NII and loan demand. Yet, rising costs are likely to have hurt.