tradingkey.logo

BUZZ-PREVIEW: Citigroup's Q4 EPS and revenue expected to climb

ReutersJan 14, 2025 7:52 PM

** Shares of Citigroup C.N up ~1% on Tues ahead of Q4 report due out before market open on Weds

** Wall Street sees C posting adj EPS of $1.22 vs $0.84 in year-ago quarter on rev of $19.49 bln vs $17.44 bln year-ago according to latest estimates gathered by LSEG

** In last 8 quarters rev met or beat expectations 7 times with 6.9% miss in Q4 2023 while EPS beat Street 7 times with 3.8% miss in Q4 2022

** U.S. banks in general seen reporting stronger Q4 earnings on robust dealmaking, trading. Other reports due Weds premarket: JPMorgan JPM.N, Goldman Sachs GS.N, Wells Fargo WFC.N

** Citi shares last traded at $73.56 vs median PT of $85. LSEG shows 23 analyst ratings, and breakdown is 5 'strong buy,' 14 'buy' and 4 'hold'

** Wells Fargo analysts wrote Jan 3 that Citi stock could double in value over next three years as profits surge, expenses moderate, and reorganization improves management accountability

** YTD, Citi shares up ~4.5%, including move on Tues, after rising nearly 37% in 2024. In comparison, the S&P 500 bank index .SPXBK up ~3% YTD after 34% rise in 2024

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Related Articles