KBW analyst David Konrad maintains $Citigroup (C.US)$ with a hold rating, and maintains the target price at $70.
According to TipRanks data, the analyst has a success rate of 73.7% and a total average return of 22.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Citigroup (C.US)$'s main analysts recently are as follows:
Despite surpassing both BofA's and consensus earnings per share estimates for Q3, the company's shares experienced a decline, which intensified during an earnings call when management initially provided an unclear response concerning the potential risk of a regulator-imposed asset-cap. However, the CEO later clarified that the company does not have an asset cap. It is believed that the unfavorable narrative was sufficient to prompt some profit-taking, especially since the stock had been trading close to its year-to-date highs before the earnings announcement.
Despite a robust performance in capital markets and reduced costs leading to an 18% earnings per share beat, the shares experienced a 5% decline. This was attributed to the indication that 2024 expense guidance would remain unchanged, with an expected increase in Q4 expenses by 2% quarter-on-quarter, impacting the earnings run-rate into 2025. In light of this, earnings projections for 2025 have been adjusted downwards by 4% to reflect the anticipated rise in expenses and a decrease in net interest income, though this is somewhat mitigated by an expected increase in fee income.
The company's Q3 earnings surpassed estimates, bolstered by fee income where trading and investment banking fees outstripped the intra-quarter guidance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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KBW分析师David Konrad维持$花旗集团 (C.US)$持有评级，维持目标价70美元。
根据TipRanks数据显示，该分析师近一年总胜率为73.7%，总平均回报率为22.2%。
此外，综合报道，$花旗集团 (C.US)$近期主要分析师观点如下：
尽管第三季度超过了美国银行和共识每股收益预期，但公司股票经历了下跌，尤其是在业绩会上，管理层最初对监管机构强加资产上限的潜在风险提供了模糊的答复，导致下跌加剧。然而，首席执行官后来澄清称公司没有资产上限。有人认为这个不利的叙事足以促使部分利润了结，尤其是在公司业绩公告前股价已接近年内高点。
尽管在资本市场表现强劲，成本降低导致每股收益超出18%，但股价下跌了5%。这归因于暗示2024年的费用指引将保持不变，并预计第四季度费用较上季度增加2%，影响了2025年的盈利水平。鉴于此，2025年的盈利预测已下调4%，以反映预期费用上升和净利息收入的下降，尽管这在一定程度上被预期的费用收入增加所缓解。
公司第三季度的收益超过预期，受益于手续费收入，其中交易和投资银行手续费超过了季内指引。
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