KBW analyst David Konrad maintains $Citigroup (C.US)$ with a hold rating, and maintains the target price at $70.
According to TipRanks data, the analyst has a success rate of 73.7% and a total average return of 22.2% 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 BofA's and consensus earnings per share estimates for Q3, the company's shares experienced a decline, which intensified during an earnings call when management initially provided an unclear response concerning the potential risk of a regulator-imposed asset-cap. However, the CEO later clarified that the company does not have an asset cap. It is believed that the unfavorable narrative was sufficient to prompt some profit-taking, especially since the stock had been trading close to its year-to-date highs before the earnings announcement.
Despite a robust performance in capital markets and reduced costs leading to an 18% earnings per share beat, the shares experienced a 5% decline. This was attributed to the indication that 2024 expense guidance would remain unchanged, with an expected increase in Q4 expenses by 2% quarter-on-quarter, impacting the earnings run-rate into 2025. In light of this, earnings projections for 2025 have been adjusted downwards by 4% to reflect the anticipated rise in expenses and a decrease in net interest income, though this is somewhat mitigated by an expected increase in fee income.
The company's Q3 earnings surpassed estimates, bolstered by fee income where trading and investment banking fees outstripped 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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
KBW分析師David Konrad維持$花旗集團 (C.US)$持有評級，維持目標價70美元。
根據TipRanks數據顯示，該分析師近一年總勝率為73.7%，總平均回報率為22.2%。
此外，綜合報道，$花旗集團 (C.US)$近期主要分析師觀點如下：
儘管第三季度超過了美國銀行和共識每股收益預期，但公司股票出現了下滑，在業績會期間加劇，當管理層最初就監管機構強制實施資產上限的潛在風險做出不明確的回應時。然而，首席執行官後來澄清說公司並沒有資產上限。人們認爲這不利的說法足以促使一些人進行利潤了結，尤其是因爲該股票在業績公告之前一直在接近年內高點交易。
儘管資本市場表現強勁且成本降低導致每股收益超出18%，股價出現了5%的下跌。這被歸因於2024年費用指引將保持不變的跡象，預計第四季度的費用環比上漲2%，影響到2025年的收益跑率。鑑於此，2025年的收益預測已經下調了4%，以反映預期費用上升和利息淨收入下降，儘管預計費用收入會有所增加。
公司第三季度盈利超出預期，手續費收入得到加強，其中交易和投資銀行手續費超過了季度內指引。
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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。
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