Citigroup's Growth Streak Continues: Analysts Unpack Q2 Insights
Citigroup's Growth Streak Continues: Analysts Unpack Q2 Insights
Citigroup Inc (NYSE:C) shares recovered slightly in early trading on Monday after tanking on Friday, following the second-quarter results.
花旗集團(NYSE:C)股票在週五依照二季度業績數據重挫後,週一早盤出現了小幅上漲。
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
這些業績公佈來臨的時候,正值精彩的季度收益季節。以下是分析師從公佈中得出的一些關鍵點。
Oppenheimer On Citigroup
關於花旗集團的觀點
Analyst Chris Kotowski maintained an Outperform rating while raising the price target from $85 to $86.
分析師Chris Kotowski維持跑贏大盤評級,並將目標價從85美元上調至86美元。
Citi reported earnings of $1.52 per share, surpassing consensus of $1.39 per share, which included a one-time gain of around $400 million related to Visa Inc (NYSE:V), bringing the underlying results very close to expectations, Kotowski said in a note.
Kotowski在一份研究報告中寫道,花旗集團每股收益爲1.52美元,超過了1.39美元的共識預期,其中包括與Visa公司(NYSE:V)相關的約4000萬美元一次性收益,使得核心業績結果非常接近預期。
This was the fourth straight quarter of year-on-year growth, versus "seven of 10 negative quarters prior to that," he added.
他補充道,這是連續第四個季度同比實現增長,而“在此之前的十個季度中有七個是負增長”。
"The key fact about the quarter in our view is that net interest income was essentially flat with the prior quarter and fractionally above our forecast," the analyst wrote. "Overall we see the numbers as confirmation of our thesis that the deposit beta effects have largely run their course but the benefits of assets rolling over and repricing in the higher rate environment are still in their early innings," he further stated.
該分析師寫道:“我們認爲該季度的關鍵事實在於淨利息收入與上一季度基本持平,並略高於我們的預期。”“總體而言,我們認爲這些數字證實了我們的觀點,即存款beta效應已經基本上得到緩解,但資產滾動和在更高利率環境中重新定價的好處還處於早期階段,”他進一步表示。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Piper Sandler On Citigroup
派傑投資關於花旗集團
Analyst Scott Siefers reaffirmed an Overweight rating while lifting the price target from $70 to $73.
分析師Scott Siefers重申超配評級,並將目標價從70美元上調至73美元。
Citigroup reported solid quarterly results and "focus areas such as IB and wealth shone as bright spots," Siefers said. Four of the bank's five main businesses generated positive operating leverage, he added.
Siefers表示,花旗集團的季度業績表現強勁,“重點領域,如投資銀行和财富管理表現出色”。他補充說,該銀行的五個主要業務中有四個實現了正的營運槓桿。
Banking revenues climbed 38% year-on-year, with IB revenues up 60%, while Wealth revenues grew by 2%, with Wealth expenses down 4%, the analyst stated.
該分析師指出,銀行業務收入同比增長38%,投資銀行業務收入增長60%,而财富管理業務收入增長2%,财富管理業務支出下降4%。
"But the item that overwhelmed this Q's actual results was concern surrounding last week's regulatory actions by the OCC and Fed," he further wrote.
他進一步寫道:“但超過這個季度實際業績的問題是對OCC和聯邦儲備委員會上週監管行動的擔憂。”
Goldman Sachs On Citigroup
高盛關於花旗集團
Analyst Richard Ramsden maintained a Buy rating and price target of $72.
分析師Richard Ramsden維持買入評級和72美元的目標價。
Citigroup reported an earnings beat mainly due to lower-than-expected expense and provisions, which were mostly offset by lower core fee revenue, Ramsden said.
Ramsden表示,花旗集團報告的盈利超預期,主要是由於低於預期的費用和撥備,這主要被較低的核心費用收入所抵消。
Management reiterated their 2024 guidance, the analyst stated. "The recent OCC and Fed's regulatory actions are primarily focused on data quality management, and the firm has increased its investment to remediate the shortcomings, which is included in the unchanged full year 2024 expense target of $53.5-53.8bn," he added.
該分析師表示,管理層重申了他們的2024年指引。“最近的OCC和聯邦儲備委員會的監管行動主要關注數據質量管理,該公司已增加了對糾正缺陷的投資,這包括在未改變的2024年全年53.5-53.8億美元的費用目標中,”他補充道。
C Price Action: Shares of Citigroup had risen by 0.90% to $65.11 at the time of publication on Monday.
Read Next:
• Goldman Sachs Q2 Earnings: Revenue And EPS Beat, Investment Banking Fees Up 21%, Dividend Hike
花旗集團的股票在週一發行時漲了0.90%,至65.11美元。
閱讀下文:
• 高盛第二季度業績:營收和每股收益超預期,投資銀行費用增長21%,股息上調
Photo: Shutterstock
Photo: shutterstock