On Oct 16, major Wall Street analysts update their ratings for $Citigroup (C.US)$, with price targets ranging from $64 to $91.
Morgan Stanley analyst Betsy Graseck maintains with a buy rating, and adjusts the target price from $86 to $82.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and adjusts the target price from $76 to $78.
Barclays analyst Jason Goldberg maintains with a hold rating, and adjusts the target price from $63 to $70.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and maintains the target price at $85.
Evercore analyst Glenn Schorr maintains with a hold rating, and adjusts the target price from $58 to $64.
Furthermore, according to the comprehensive report, the opinions of $Citigroup (C.US)$'s main analysts recently are as follows:
Despite surpassing both the consensus and a certain firm's estimates for Q3 EPS by a significant margin, the company's shares experienced a decline. The downtrend intensified when, during a conference call, management initially struggled to provide a persuasive response concerning the potential risk of a regulator-imposed asset cap. Although this issue was later clarified by the CEO stating there was no asset cap, it was suggested that the initial uncertainty contributed to some investors deciding to secure profits, particularly as the stock price was near its year-to-date peak before the earnings announcement.
Despite a robust capital market and reduced expenses contributing to an 18% EPS beat, the stock's decline of 5% is attributed to projections indicating a 2% quarter-over-quarter increase in Q4 expenses, impacting the expense outlook into 2025. Post earnings report, there's an adjustment in the 2025 EPS forecast, now reduced by 4% to account for increased expenses and a dip in net interest income, although this is somewhat balanced by a rise in fee income.
The company's Q3 earnings surpassed estimates, bolstered by fee income, with trading and investment banking fees outperforming the intra-quarter guidance.
Citi's third-quarter earnings per share of $1.51 exceeded expectations, outpacing the anticipated $1.43 and the consensus estimate of $1.31. Despite this beat, the company's shares experienced a 5.1% decline in contrast to a lesser 0.7% dip in the S&P 500 and a 0.3% increase in the BKX on the same day. During the question and answer period, the primary concerns were around credit card losses reaching the higher end of guidance, rumors of an undisclosed asset cap, the prospects of the Banamex IPO materializing by 2025, and the strategy to achieve the projected 2026 expense target of $51-$53 billion, down from this year's $53.8 billion.
Here are the latest investment ratings and price targets for $Citigroup (C.US)$ from 10 analysts:
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美東時間10月16日，多家華爾街大行更新了$花旗集團 (C.US)$的評級，目標價介於64美元至91美元。
摩根士丹利分析師Betsy Graseck維持買入評級，並將目標價從86美元下調至82美元。
美銀證券分析師Ebrahim Poonawala維持買入評級，並將目標價從76美元上調至78美元。
巴克萊銀行分析師Jason Goldberg維持持有評級，並將目標價從63美元上調至70美元。
富國集團分析師Mike Mayo維持買入評級，維持目標價85美元。
Evercore分析師Glenn Schorr維持持有評級，並將目標價從58美元上調至64美元。
此外，綜合報道，$花旗集團 (C.US)$近期主要分析師觀點如下：
儘管Q3每股收益的超越了大部分公司和某家公司的估值，但公司股價卻經歷了下跌。在電話會議中，當管理層起初未能提供令人信服的關於監管機構實施資產上限潛在風險的回應時，股價的下降趨勢加劇。儘管後來公司首席執行官澄清了這個問題，並表示沒有資產上限，但有跡象表明，最初的不確定性導致一些投資者決定獲利，尤其是在盈利公告前股價接近年內高點時。
儘管強勁的資本市場和降低的費用導致每股收益超出18%，但股價下降了5%，這要歸因於預測顯示Q4費用環比增長2%，影響了到2025年的費用前景。盈利報告後，2025年每股收益預測有所調整，現在因增加費用和淨利息收入下降而減少了4%，儘管這在一定程度上被費用收入增長平衡。
公司Q3收益超出預期，受益於費用收入，交易和投資銀行業務收入表現優異，超過了季內指導。
花旗銀行第三季度每股收益爲1.51美元，超出預期，超過了預計的1.43美元和1.31美元的共識估值。儘管取得了勝利，但該公司股價下跌了5.1%，相比之下，標普500指數僅下跌了0.7%，BKX指數則在當天上漲了0.3%。在問答環節，主要關注點是信用卡損失是否達到指導的較高水平、有關未公開資產上限的傳言、Banamex IPO在2025年是否會實現以及實現2026年51-530億美元的費用目標的策略，而這個數字低於今年的538億美元。
以下爲今日10位分析師對$花旗集團 (C.US)$的最新投資評級及目標價：
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