Citigroup Inc.’s Stock Price Soars to $78.27, Notching Impressive 6.49% Increase

Citigroup Inc. (C)

78.27 USD +4.77 (+6.49%) Volume: 44.4M

Boosted by a robust +6.49% change this trading session, Citigroup Inc.’s stock price stands strong at 78.27 USD, supported by an impressive trading volume of 44.4M. With a year-to-date percentage change of +12.13%, the financial titan continues to deliver promising returns to its investors.

Latest developments on Citigroup Inc.

Citigroup Inc. stock price saw a significant surge today as CEO Jane Fraser announced plans to buy back $20 billion of stock, reflecting the company’s confidence in its future growth. This positive news comes after Citigroup posted upbeat results, joining other big stocks like Goldman Sachs and Wells Fargo in moving higher. The company’s strong Q4 earnings, which beat estimates with $2.9 billion in net income, also contributed to the stock’s rise. Despite cost-cutting measures and a reduction in 401(k) contributions for top earners, Citigroup’s strategic decisions have positioned the company for continued success in the financial services sector.

Citigroup Inc. on Smartkarma

According to a recent report by Value Investors Club on Smartkarma, analysts are expressing disappointment with Citigroup Inc‘s lackluster profitability compared to other large US banks, resulting in a low valuation of 0.65x TBV. However, there is optimism surrounding the potential for improvement as the company possesses excess capital and may increase profitability to achieve a 10% ROTE in the next two years. Predictions suggest that if Citigroup meets its targets, there could be a substantial increase in share value, with TBV/share reaching $100 and EPS of $10 by 2026, making it an attractive investment opportunity for those willing to take a risk on the bank’s future performance.

A look at Citigroup Inc. Smart Scores

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. seems to have a positive long-term outlook. With a high score in Value, the company is considered to be undervalued compared to its peers. This indicates that there may be potential for growth in the future. Additionally, Citigroup receives a strong score in Momentum, suggesting that the company is performing well in terms of stock price performance and market sentiment.

Although Citigroup Inc. scores lower in Growth and Resilience, the company still maintains a solid overall outlook. With its diverse range of financial services and global customer base, Citigroup is well-positioned to weather any economic challenges. While the company may not see rapid growth in the short term, its strong value and momentum scores indicate a promising future for investors.

Summary: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers. The Company services include investment banking, retail brokerage, corporate banking, and cash management products and services. Citigroup serves customers globally.

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.
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