Citigroup Inc (NYSE: C) has reported E.P.S. of $1.54 for its second fiscal quarter (ending June 30) versus $1.34 for the same period a year ago — an increase of 15%. This performance was $0.14 better than the consensus estimate of $1.40. E.P.S. were $3.62 for the latest four quarters through June 30 versus $6.35 for the same period a year ago — a decline of -43%.
Recent Price Action
On 7/12/24, Citigroup Inc (NYSE: C) stock declined modestly by -1.8%, closing at $64.52. Moreover, exceptionally high trading volume at 254% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, C is expected to continue to be a Value Builder.
Citigroup has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Citigroup has a very high Power Rating of 90 and a very high Appreciation Score of 99, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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