Morgan Stanley analyst Betsy Graseck maintains $Citigroup (C.US)$ with a buy rating, and maintains the target price at $104.
According to TipRanks data, the analyst has a success rate of 48.7% and a total average return of 3.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Citigroup (C.US)$'s main analysts recently are as follows:
Despite a considerable rise in the stock last year, there remains a high degree of investor skepticism regarding whether the CEO can reverse the company's fortunes and steer it towards sustained profitability. It is believed that the CEO is on the right track and has made significant progress.
The firm's projection for Q4 EPS is slightly above the consensus, driven by expected outperformance in capital markets, optimistic outlook on future pipelines, and the anticipated benefits from a steeper curve bolstering 2025 earnings forecasts. Additionally, their EPS expectations for 2025 are also above general market predictions, highlighting a particularly positive stance on large cap banks.
Large-cap banks are anticipated to surpass market performance into 2025, propelled by an acceleration in earnings growth. Post achieving its revenue and expense targets in 2024, continuous improvements are expected in the following year. The enhancement in valuation and a gradual increase in return on tangible common equity moving from 7.2% up toward a medium-term aim of 11-12% are projected.
Note:
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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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