- Citigroup’s Fixed Income, Currencies, and Commodities (FICC) sales and trading revenue reached $4.02 billion, surpassing the estimated $3.74 billion.
- Overall markets revenue was reported at $5.56 billion, higher than the predicted $5.07 billion.
- Equities sales and trading revenue came in at $1.54 billion, above the expected $1.33 billion.
- Banking revenue totaled $2.13 billion, exceeding the forecast of $1.8 billion.
- Investment banking revenue hit $1.17 billion, topping the estimate of $1.05 billion.
- Citigroup’s total revenue amounted to $22.09 billion for the quarter.
- Total loans were recorded at $733.9 billion, surpassing the projected $728.15 billion.
- Services generated $5.36 billion in revenue, above the estimate of $5.13 billion.
- Wealth management revenue was $2.16 billion, slightly ahead of the $2.12 billion prediction.
- US Personal Banking revenue reached $5.33 billion, just above the expected $5.25 billion.
- The investment community issued 19 buy ratings, 6 holds, and 1 sell for Citigroup.
Citigroup Inc on Smartkarma
Analyst coverage of Citigroup Inc on Smartkarma has been insightful, with analysts like Baptista Research providing valuable research reports. In a recent report titled “Citigroup’s High-Stakes Banamex IPO Gambit: Can It Provide An Upside To Shareholders?” by Baptista Research, the sentiment leans towards bullish. The report discusses Citigroup’s fourth-quarter earnings for 2024, showing a substantial increase in net income, revenue, fee revenue, and operational efficiency. Despite positive momentum in key business segments, challenges like China’s slower growth and Europe’s underperformance are noted as persistent macroeconomic concerns.
A look at Citigroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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. is positioned well for long-term success. With a top score in Value, the company is deemed to offer good value for investors. This indicates that Citigroup Inc. may be an attractive choice for those seeking undervalued investment opportunities.
While the Dividend, Growth, Resilience, and Momentum scores are slightly lower, all indicate positive attributes for the company’s long-term outlook. With a diversified range of financial services and a global customer base, Citigroup Inc. appears to have strong fundamentals that could support future growth and stability.
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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