Citigroup Inc. (C)
Citigroup: Inherently Undervalued With Promising Restructuring Results - Reiterate Buy
C's ongoing restructuring efforts have been bearing great results, temporarily marred by the higher cost of interest-bearing deposits and USPB's higher net credit losses on loans. Even so, with the Fed already cutting rates, we may see the bank's prospects lift in the intermediate term, as mortgage/ lending activities return. This is significantly aided by the Services segment's growing RoTCE, with it likely to drive robust bottom-line growth from FY2025 onwards - building upon the Banamex IPO in 2025.
Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial banks and investment banks.
Citigroup: I Am Buying Every Dip
Citigroup's stock fell 5% despite strong earnings due to profit-taking and unwarranted regulatory concerns, which, I believe, are way overblown. Citi is trading at ~0.7x TBV with potential upside to $120-$170 by 2026 if RoTCE targets are met, offering a high margin of safety. Strong Q3-2024 performance with positive operating leverage across all divisions, confirming full-year 2024 revenue and expense targets.
Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial banks and investment banks.
Citigroup: Great Quarter Ignored
Citigroup's stock slumped 5% despite a strong Q3'24 due to regulatory concerns, trading at only 0.7x tangible book value. The bank reported $3 billion in net income and a $1.51 EPS, with substantial credit costs and increased reserves, yet boosted tangible book value. CEO Jane Fraser aims for an 11.5% RoTCE, forecasting improved returns and efficiency, with potential EPS rising to $8.50 by 2026.
Citigroup CEO Sees ‘Surprisingly Resilient' Global Consumer Spending
Citigroup's earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were up.
Citi's regulatory nightmare still haunts CEO Jane Fraser
Sen. Elizabeth Warren called for growth restrictions on Citi due to long-standing data issues. Citi CEO Jane Fraser denied the prospect of an asset cap after being pressed by two analysts.
Citigroup Q3 Earnings Beat Estimates, IB Revenues Increase 31% Y/Y
C's third-quarter 2024 results reflect strong growth in IB revenues, along with a rise in loans and deposit balance. The provision for credit losses increased.
Citigroup Set To Exceed 52-Week Highs After Earnings
Citigroup beat revenue and earnings expectations, driving shares higher. Despite rising borrowing costs, increased deposits and improved loan performance are set to boost Citigroup's net interest income and earnings. Citigroup's shares are undervalued, trading at the lowest PE ratio among big banks and at a 25% discount to tangible book value.
Citigroup earnings top estimates, boosted by investment banking
CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
Citigroup profit drops on bigger stockpiles for potential loan losses
Citigroup's profit fell 9% in the third quarter as it set aside more money to cover the risk of loan defaults, particularly on credit cards.
Citigroup earnings are due Tuesday. Here's what Wall Street expects
Citigroup is set to report its third-quarter results before the opening bell on Tuesday. The bank has an analyst call to discuss the quarter scheduled for 11 a.m.
