Latest news with #Citigroup
Yahoo
2 hours ago
- Business
- Yahoo
Here's What to Expect From Citigroup's Next Earnings Report
With a market cap of $154.3 billion, Citigroup Inc. (C) is a global financial services holding company that manages about 200 million customer accounts across more than 160 countries. It operates through five segments: Services; Markets; Banking; U.S. Personal Banking; and Wealth, offering a broad range of financial products to individuals, businesses, and governments. The New York-based company is expected to unveil its fiscal Q2 2025 earnings results before the market opens on Tuesday, Jul. 15. Before the event, analysts anticipate the U.S. bank to report a profit of $1.68 per share, up 10.5% from $1.52 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in the past four quarters. In the last reported quarter, Citigroup exceeded the consensus EPS estimate by 6.5%. Ditch Big Tech and Buy These 3 Popular Stocks in 2025 Instead Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For fiscal 2025, analysts expect Citigroup to report EPS of $7.36, up 23.7% from $5.95 in fiscal 2024. Looking ahead, EPS is projected to grow 26.8% year-over-year to $9.33 in fiscal 2026. Shares of Citigroup have increased 37.8% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 12.1% rise and the Financial Select Sector SPDR Fund's (XLF) 26.3% return over the same period. Shares of Citigroup rose 1.8% on Apr. 15 after the bank reported better-than-expected Q1 2025 results. Total revenue increased 3% year-over-year to $21.6 billion, and EPS came in at $1.96, beating Wall Street's estimates. Net income rose to $4.1 billion, driven by lower expenses and higher revenues. Strong performance across all five business segments, particularly 12% growth in both Markets and Banking revenues and a 24% jump in Wealth revenues, boosted investor confidence. Analysts' consensus view on Citigroup's stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 22 analysts covering the stock, 11 recommend "Strong Buy," four "Moderate Buys," and seven suggest "Hold." This configuration is slightly less bullish than three months ago, with 12 analysts suggesting a "Strong Buy." As of writing, C is trading below the average analyst price target of $85.91. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
CitiFX Review: Innovation, Market Impact Crucial for FX Vendors as Client Switching Declines
Citigroup Inc. (NYSE:C) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 25, Citi announced the results of its fifth annual CitiFX Vendor Review, which is a comprehensive analysis of the foreign exchange/FX landscape based on internal vendor evaluations and an annual client survey. The review emphasizes the need for FX vendors to innovate and prioritize market impact considerations to remain competitive. 94% of clients underscored the importance of vendor adherence to the FX Global Code, while 85% stressed that vendors must consider market impact when developing execution tools. Client feedback indicates a high level of satisfaction with primary FX vendors, with 90% of respondents expressing contentment. A team of financial advisors huddled around a desk, discussing the best investment strategy for their client. However, 85% of these satisfied clients also have enhancement requests, primarily for execution and workflow solutions designed to mitigate operational and settlement risks. The increasing demand for innovative FX solutions has led to a notable decline in vendor switching. The rate of clients changing FX vendors has dropped from 51% in 2021 to 22% in 2025. Citigroup Inc. (NYSE:C) is a diversified financial services holding company that provides various financial products and services to consumers, corporations, governments, and institutions. While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
- Yahoo
CitiFX Review: Innovation, Market Impact Crucial for FX Vendors as Client Switching Declines
Citigroup Inc. (NYSE:C) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 25, Citi announced the results of its fifth annual CitiFX Vendor Review, which is a comprehensive analysis of the foreign exchange/FX landscape based on internal vendor evaluations and an annual client survey. The review emphasizes the need for FX vendors to innovate and prioritize market impact considerations to remain competitive. 94% of clients underscored the importance of vendor adherence to the FX Global Code, while 85% stressed that vendors must consider market impact when developing execution tools. Client feedback indicates a high level of satisfaction with primary FX vendors, with 90% of respondents expressing contentment. A team of financial advisors huddled around a desk, discussing the best investment strategy for their client. However, 85% of these satisfied clients also have enhancement requests, primarily for execution and workflow solutions designed to mitigate operational and settlement risks. The increasing demand for innovative FX solutions has led to a notable decline in vendor switching. The rate of clients changing FX vendors has dropped from 51% in 2021 to 22% in 2025. Citigroup Inc. (NYSE:C) is a diversified financial services holding company that provides various financial products and services to consumers, corporations, governments, and institutions. While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
9 hours ago
- Business
- Time of India
Wall Street Week Ahead-Investors eye US jobs data as stocks hit record highs
Investors who have been captivated by recent geopolitical events are poised to shift their attention in the coming week to key economic data and policy developments to see if the torrid rally in U.S. stocks extends higher. The benchmark S&P 500 and Nasdaq Composite both tallied record highs on Friday for the first time in months, helped by optimism about interest-rate cuts and trade deals . Easing tensions in the Middle East also paved the way for the latest bump higher in stocks, as a conflict between Israel and Iran appeared to calm after missile strikes between the two nations had set the world on edge. Focus will shift to Washington in the coming week. President Donald Trump wants his fellow Republicans to pass a sweeping tax-cut and spending bill by July 4. Investors also get a crucial view into the U.S. economy with the monthly employment report due on Thursday. U.S. stock markets are closed on Friday, July 4, for the U.S. Independence Day holiday. Citigroup's U.S. economic surprise index has been weakening, indicating that data has been missing Wall Street expectations, said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments. Live Events "After some softer May data, the June data is really going to be under a microscope," Miskin said. "If the data deteriorates more, it may get the market's attention." U.S. employment is expected to have climbed by 110,000 jobs in June, according to a Reuters poll -- a slowdown from May's 139,000 increase. Data on Thursday showed the number of Americans filing new applications for jobless benefits fell in the prior week, but the unemployment rate could rise in June as more laid-off people struggle to find work. "The labor market right now is front and center over the next few weeks," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management. Employment data could factor into expectations for when the Federal Reserve will next cut interest rates, with investors also watching to see if inflation is calming enough to allow for lower rates. Fed Chair Jerome Powell has been wary that higher tariffs could begin raising inflation, a view he told the U.S. Congress this week. Some Fed officials have talked about a stronger case for cuts. Trading of fed funds futures in the past week indicated ramped-up bets for more easing this year. The level of tariffs could come into sharper view with a July 9 deadline for higher levies on a broad set of countries. U.S. Treasury Secretary Scott Bessent on Friday said trade deals with other countries could be done by the Sept. 1 Labor Day holiday, citing 18 main U.S. trading partners. Stocks have rebounded sharply since plunging in April following Trump's "Liberation Day" tariff announcement, as the president pulled back on some of the most severe tariffs. This eased fears about a recession, but markets could remain sensitive to trade developments. Investors also will focus on the U.S. fiscal bill in Congress for indication of the extent of stimulus in the legislation and how much it could widen federal deficits. With a roller-coaster first half nearly complete, the S&P 500 is up about 5% so far in 2025. Over the past 15 years, July has been a strong month for stocks, with the S&P 500 increasing 2.9% in July on average, Wedbush analysts noted in a report this week. Second-quarter U.S. corporate earnings season kicks off in the coming weeks, with concerns over how much tariffs may be biting into company profits or affecting consumer spending. S&P 500 earnings are expected to have climbed 5.9% in the second quarter from a year earlier, according to LSEG IBES data. "We've been in a geopolitically focused market over the past several weeks," said Josh Jamner, senior investment strategy analyst at ClearBridge Investments. "I think the dawn of earnings season ... will refocus the market back towards fundamentals."
Yahoo
11 hours ago
- Business
- Yahoo
BofA analyst raises price target for Citi to $100, takes bullish view of Fraser's restructuring
It's been three years since Jane Fraser unveiled her strategic vision for Citi and, during that time, the CEO has come under significant criticism for her overhaul of the country's third biggest bank. But a Bank of America analyst thinks Fraser is giving the bank a shot at becoming competitive, according to a June 26 research note. With $2.5 trillion in total assets, Citi is one of the nation's largest banks, employing around 229,000 full-time workers as of last year. Fraser took over as Citi CEO in March 2021, and is widely considered the most powerful woman on Wall Street. (This year, Fraser ranked as the third most powerful woman in business, according to Fortune's Most Powerful Women's list.) Citi's stock has gained about 22% since she joined the bank. Citi is no stranger to overhauls. In the late 1990s, the bank underwent a major realignment after Citicorp's merger with Travelers which created Citigroup. Citi reorganized again after the 2008 financial crisis and then, in 2019, it undertook another restructuring. Fraser has come under considerable scrutiny for the latest Citi revamp. She's faced pressure from analysts, regulators and even internal dissent. But Ebrahim Poonawala, a BofA research analyst, thinks 'this time is different,' which is the title of his June 26 note. 'We consider Citi's turnaround as among the most complex in the corporate world, but Fraser had undertaken actions (such as international consumer exits, balance sheet de-risking, tech/personnel investments, streamlining businesses, hiring external talent) that gives Citi a fighting chance of becoming competitive, in our view,' Poonawala wrote in the note. Poonawala reiterated a 'Buy' rating for Citi and boosted his price target to $100 from $89. Fraser's big moves at Citi include divesting nearly all of Citi's international consumer banking franchises, exiting non-core operations, and overhauling leadership. Last year, Citi hired Vis Raghavan, ex-head of global investment banking at JPMorgan Chase executive, to lead global banking. It also added Tim Ryan, of PwC, to lead technology and business enablement, as well as Andy Sieg, of Merrill Wealth Management, to head up wealth. Over the past year, Citi's five businesses are tracking improved profitability, Poonawala said, adding that wealth and banking have acquired a sharper focus under new leadership. Absent a severe macroeconomic shock, the analyst expects Citi's momentum to continue, 'paving the way for management to deliver a more than 10% return on tangible common equity (ROTCE) on a sustainable basis starting in 2026.' ROTCE is a metric used to compare banks and how well they are using tangible common equity to generate profits. In the first quarter, Citi's efficiency ratio in each of its core business units declined versus the year ago quarter, Poonawala said. This reflects management's focus on controlling expenses, he said. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
