- Citigroup’s FICC (Fixed Income, Currencies, and Commodities) sales and trading revenue exceeded expectations, reaching $4.02 billion compared to the estimated $3.74 billion.
- Total markets revenue was $5.56 billion, outperforming the forecasted $5.07 billion.
- Equities sales and trading brought in $1.54 billion, surpassing the predicted $1.33 billion.
- Banking revenue amounted to $2.13 billion, higher than the estimated $1.8 billion.
- Investment banking revenue reached $1.17 billion, exceeding the forecast of $1.05 billion.
- Total revenue for Citigroup stood at $22.09 billion.
- Total loans amounted to $733.9 billion, surpassing the estimation of $728.15 billion.
- Services revenue was $5.36 billion, above the expected $5.13 billion.
- Wealth revenue came in at $2.16 billion, slightly above the forecast of $2.12 billion.
- US Personal Banking revenue reached $5.33 billion, exceeding expectations of $5.25 billion.
- Analyst recommendations for Citigroup include 19 buys, 6 holds, and 1 sell.
Citigroup Inc on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely monitoring Citigroup Inc and its recent moves. In a report titled “Citigroup’s High-Stakes Banamex IPO Gambit: Can It Provide An Upside To Shareholders?“, Baptista Research discusses Citigroup’s fourth quarter earnings for 2024. The report highlights a significant increase in net income by almost 40% to $12.7 billion for the full year, showcasing positive momentum in key business segments. Despite certain macroeconomic challenges like China’s slower growth and Europe’s underperformance, Citigroup’s performance seems strong.
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. looks promising in the long term. With a top score in the Value category, Citigroup is considered to be undervalued compared to its competitors. This indicates strong potential for growth in the future. Additionally, the company received average scores in the Dividend, Growth, Resilience, and Momentum categories, showing stability and moderate performance across these key areas.
Citigroup Inc. is a widely diversified financial services holding company, offering a wide array of financial products to both consumer and corporate clients. With a global presence, Citigroup’s services range from investment banking and retail brokerage to corporate banking and cash management. The company’s overall Smart Scores highlight its strong value proposition and stable footing in the financial services industry, making it a stock worth considering for long-term investment opportunities.
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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