
- Citigroup reported a charge-off rate of 2.26% for January. This measures the percentage of loans the bank does not expect to collect.
- The delinquency rate for Citigroup stood at 1.49% in January, indicating the percentage of loans with late payments.
- Analyst recommendations for Citigroup include 16 buy ratings and 7 hold ratings. There are no sell ratings at this time.
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Citigroup Inc on Smartkarma
Analysts on Smartkarma are closely covering Citigroup Inc, providing valuable insights for investors. Baptista Research‘s report, “Citigroupβs Turnaround Playbook: Core Drivers Shaping Future Performance! – Major Drivers,” highlights the company’s impressive fourth-quarter earnings in 2024. With a 40% rise in net income to $12.7 billion and a 5% revenue increase excluding divestitures, Citigroup shows positive momentum in key business segments. Despite challenges like China’s slower growth, operational improvements, including a 17% rise in fee revenue and 340 basis points improvement in efficiency ratio, are notable.
Similarly, Value Investors Club offers an optimistic view in their report “Citigroup Inc (C) – Wednesday, Sep 18, 2024.” While noting investor disappointment in Citigroup’s profitability compared to peers, they see potential for improvement. With excess capital and a target of 10% Return on Tangible Equity (ROTE) in the next two years, Citigroup could see a significant increase in share value. Predictions suggest a rise in Tangible Book Value (TBV) per share to $100 and EPS of $10 by 2026, presenting an enticing opportunity for investors looking to capitalize on the bank’s future performance.
A look at Citigroup Inc Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 5 | |
Dividend | 4 | |
Growth | 3 | |
Resilience | 2 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Citigroup Inc. has a positive long-term outlook. With high scores in Value and Momentum, indicating strong value and positive market momentum, Citigroup is positioned well for potential growth and performance. Additionally, the respectable Dividend score suggests the company provides a solid dividend return to its investors, enhancing its attractiveness. While the Growth score is moderate, Citigroup’s diversified financial services offerings cater to a wide range of consumer and corporate customers globally, which could contribute to its long-term sustainability.
Citigroup Inc. is a well-established financial services company that offers a wide array of services such as investment banking, retail brokerage, and corporate banking to a global customer base. Despite facing some challenges in resilience, as indicated by its score, Citigroup’s strong presence in the industry and its ability to adapt to market changes could help maintain its competitive position. Overall, with a mix of high and moderate scores across different factors, Citigroup Inc. appears to have a promising outlook for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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