RBC Capital analyst Gerard Cassidy maintains $Citigroup (C.US)$ with a buy rating, and adjusts the target price from $66 to $67.
According to TipRanks data, the analyst has a success rate of 63.4% and a total average return of 17.2% 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 the consensus and a financial institution's estimates with a Q3 EPS of $1.48, the company experienced a decline in share value. The sell-off gained momentum when management faced challenges in providing a satisfactory response regarding potential regulatory restrictions on asset growth. The CEO later clarified the situation, stating there was no such restriction in place. Nevertheless, the initial uncertainty contributed to some profit-taking, especially since the share price was close to the peak for the year just before the earnings announcement.
Despite an EPS beat driven by robust capital markets and reduced expenses, the stock experienced a decrease in value due to projections that suggest a rise in expenses in Q4, which could affect the financial run-rate into 2025. Consequently, there's been a revision in the EPS estimate for 2025, accounting for anticipated higher expenses and a reduction in net interest income, although this is somewhat mitigated by an increase in fee income.
The company's Q3 earnings surpassed estimates, bolstered by fee income, with both trading and investment banking fees outperforming the intra-quarter guidance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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加皇資本市場分析師Gerard Cassidy維持$花旗集團 (C.US)$買入評級，並將目標價從66美元上調至67美元。
根據TipRanks數據顯示，該分析師近一年總勝率為63.4%，總平均回報率為17.2%。
此外，綜合報道，$花旗集團 (C.US)$近期主要分析師觀點如下：
儘管第三季度每股收益達到1.48美元，超過了市場共識和某金融機構的預期，但公司股價出現下跌。當管理層在提供關於資產增長潛在監管限制的令人滿意的回應方面面臨挑戰時，拋售行爲加劇。CEO後來澄清了情況，表示不存在這樣的限制。然而，初期的不確定性導致了一些盈利回吐，尤其是由於在盈利公告之前，股價已接近當年的高點。
儘管EPS表現優異，受益於強勁的資本市場和降低的支出，但股票價值下降，原因是預測顯示第四季度支出可能增加，這可能影響到2025年的財務運行率。因此，預計2025年的EPS估計發生了修正，考慮到預期較高的支出和淨利息收入的減少，儘管這在一定程度上被費用收入增加所緩解。
該公司第三季度收益超過了預期，得益於費用收入，股票交易和投資銀行手續費表現優於季度內指導。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
