Citigroup (C) Announces Earnings Results

Citigroup (NYSE:C) released its quarterly earnings results on Tuesday. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09, Briefing.com reports. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis.

Citigroup (NYSE C) traded up $1.28 during mid-day trading on Tuesday, reaching $76.84. The company’s stock had a trading volume of 16,942,500 shares, compared to its average volume of 15,275,389. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $203,170.00, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92.

A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Atlantic Securities reiterated an “overweight” rating and set a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reiterated a “hold” rating and set a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $77.92.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Earnings History for Citigroup (NYSE:C)

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