Citigroup (NYSE:C) is a diversified financial services holding company that offers a wide range of financial products and services globally to consumers, corporations, governments, and institutions. It operates through five main segments:
- Services: Includes Treasury and Trade Solutions for cash management and trade, along with Securities Services providing post-trade technologies and local expertise.
- Markets: Offers sales and trading services in equities, foreign exchange, commodities, and risk management solutions for corporate, institutional, and public sector clients.
- Banking: Comprises investment banking and advisory services for mergers, acquisitions, and corporate lending.
- U.S. Personal Banking: Provides retail banking and co-branded credit cards.
- Wealth: Serves high-net-worth clients and professional industries with banking, investment, and trust services.
CITI Q4 2024 reports earnings at 8 AM ET on Wednesday, Jan 15, 2025.
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CITI Earnings Statistics from Q1 2015 |
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EPS |
1W % move post earnings |
2W % move post earnings |
1M % move post earnings |
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BEATS 38 |
-0.41% |
0.49% |
1.32% |
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MISSES 1 |
2.49% |
-0.59% |
9.44% |
There have been 38 beats since Q1 2015 and 1 miss since Q1 2015.
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Analyst Ratings |
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SOURCE |
BUY |
HOLD |
SELL |
|
Refinitiv |
19 |
4 |
0 |
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TipRanks |
13 |
5 |
0 |
Earnings Expectations
(Source: InvestingPro)
Financial Health History
(Source: InvestingPro)
Citigroup Fair Value
(Source: InvestingPro)
- Citigroup's fair value as per the “Investing Pro” Model = $85.25 – the expected upside is 16%.
- The 52-week market range is $51 to $74.
- 20 analyst target is $84.49.
Technical Analysis Perspective:
- Citigroup has been trading inside a large symmetrical triangle since January 2020 on weekly and monthly charts.
- The triangle has a bullish as well as bearish tendency depending on the breakout.
- C closed last Friday at $71.40, which is the highest weekly closing since October 18, 2021.
- It looks like any positive earnings with good guidance can break the triangle to the upside, targeting $78/80 post earnings.
- A rejection of $74/75 would pave the way for a sharp decline to $67/65.
- A higher number of analysts are bullish about Citigroup.
- If prices manage to trade above 80 then there is a lot of room to the upside in the long term.
- Wells Fargo analysts wrote on Jan 3 that Citi stock could double in value in the next three years as profits surge, expenses moderate, and reorganization improves management accountability.
Citigroup Weekly Symmetrical Triangle Pattern:
C Seasonality Chart
- Citi closes -1% lower in January 50% of the time since 2006.
Conclusion:
Citigroup has a triangle setup which can be bullish as well as bearish. Prudent strategy is to wait for the upside breakout or rejection of 74/75 obstacles.