- Citigroup’s FICC sales and trading revenue was $4.39 billion, exceeding the estimate of $4.26 billion.
- Equities sales and trading revenue was slightly below expectations at $1.73 billion, compared to the estimate of $1.78 billion.
- Investment banking revenue stood at $1.35 billion, surpassing the estimate of $1.33 billion.
- Total revenue came in at $23.85 billion, marginally above the estimated $23.72 billion.
- The common equity Tier 1 ratio was 12.8%, slightly higher than the expected 12.7%.
- Return on average equity was reported at 10.1%.
- Operating expenses totaled $13.95 billion.
- Total loans amounted to $819.71 billion, surpassing the estimated $803.01 billion.
- Total deposits reached $1.51 trillion.
- The efficiency ratio stood at 58.5%.
- Net interest income was $16.98 billion, higher than the forecasted $16.64 billion.
- Wealth revenue was $3.27 billion, exceeding the $3.21 billion estimate.
- US consumer cards revenue fell short of expectations at $4.66 billion, against an estimate of $4.75 billion.
- Analyst recommendations include 21 buys, 6 holds, and no sells.
A look at Citigroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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. shows promising long-term potential in various aspects. With strong scores in value and growth, the company is positioned well for healthy financial performance and potential upside over the long run. Additionally, Citigroup’s ability to withstand economic challenges, as reflected in its resilience score, provides a sense of stability for investors. While the momentum score may not be the highest, the overall outlook for Citigroup Inc. suggests a company with solid fundamentals and growth prospects.
Citigroup Inc. is a diversified financial services holding company serving a global customer base. Offering a wide range of financial services to both consumers and corporations, including investment banking, retail brokerage, corporate banking, and cash management products, Citigroup Inc. has established itself as a key player in the financial industry. With favorable scores in key areas like value and growth, Citigroup Inc. appears set to continue its trajectory of providing robust financial services in the market.
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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