- FICC Sales & Trading revenue outperformed expectations with $4.48 billion compared to the estimated $4.37 billion.
- Banking revenue surpassed estimates at $1.95 billion against a projected $1.65 billion.
- Investment Banking revenue reached $1.04 billion, beating the forecast of $939.8 million.
- Total revenue for the quarter was $21.60 billion.
- Earnings per share (EPS) stood at $1.96.
- Total cost of credit was slightly above estimates at $2.72 billion versus an expected $2.57 billion.
- The Common Equity Tier 1 ratio was slightly below estimates at 13.4%, compared to an expected 13.6%.
- Return on average equity achieved 8%, exceeding the estimated 7.47%.
- Return on average tangible common equity was 9.1%, above the expected 8.4%.
- Net charge-offs came to $2.46 billion, higher than the anticipated $2.34 billion.
- Operating expenses totaled $13.43 billion.
- Total loans were $702.1 billion, above the expected $694 billion.
- Total deposits amounted to $1.32 trillion.
- The efficiency ratio stood at 62.2%.
- Net interest income was $14.01 billion, surpassing the estimate of $13.68 billion.
- Services revenue was slightly below expectations at $4.89 billion versus $5.01 billion estimated.
- Wealth revenue surpassed projections at $2.10 billion compared to the $2 billion estimate.
- US Personal Banking revenue was marginally below forecasts with $5.23 billion versus $5.25 billion estimated.
- Analyst ratings included 18 buys, 6 holds, and no sells.
Citigroup Inc on Smartkarma
Analysts on Smartkarma are closely following Citigroup Inc, with notable reports from Baptista Research and Value Investors Club offering insights into the company’s performance and potential.
Baptista Research‘s report highlights Citigroup’s robust fourth-quarter earnings, showing a substantial increase in net income and revenue growth across key segments. Despite macroeconomic challenges, operational improvements are evident, making the company’s future outlook optimistic. On the other hand, Value Investors Club emphasizes Citigroup’s current undervaluation due to lower profitability compared to peers but sees potential for significant growth if profitability targets are met, presenting an intriguing investment opportunity for risk-taking investors.
A look at Citigroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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. looks to have a positive long-term outlook. With a top score in Value and solid scores in Dividend and Momentum, the company seems to be positioned well for future growth. Citigroup’s strong focus on value and momentum, coupled with a respectable dividend score, bodes well for investors looking for stability and potential returns in the long run.
Citigroup Inc., a diversified financial services holding company, offers a wide array of financial services to consumers and businesses globally. With a blend of high value, good dividend yield, and steady momentum, Citigroup appears to be a strong contender in the financial sector. Its offerings in investment banking, retail brokerage, corporate banking, and cash management products cater to a diverse set of customers, indicating resilience and potential for growth in 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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