This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Biggest Financials (Including GE) Reporting Next Week

C Chart C data by YCharts

Citigroup (C - Get Report)

Background: Citigroup, the leading global financial services company has some 200 million customer accounts and does business in more than hundred countries. Citigroup trades an average of 30 million shares per day with a market cap of $152 billion.

52-Week Range: $24.91 to $53.56

Price To Book: 0.8

The upcoming second-quarter earnings report is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on Monday.

The analysts' mean profit appraisal is presently about $1.18 a share, a gain of 18 cents (15.3%) from $1 during the corresponding quarter last year. Last year's results represent a crushing of estimates by a wide 11 cent margin. Estimates from analysts range from a low of $1.08 per share, up to the highest estimate of $1.23 per share. In the last three years, Citigroup has missed in only one quarter's results.

There are 25 analysts who rate Citigroup a buy or strong buy out of 31 analysts. The company has four holds, and twototal sell ratings. New investors from a year ago are happy, and analysts rating this company a buy have called it correctly. The shares have moved higher 81% over the last 52 weeks. Analysts are calling for a price target of $55.79.

The chart is impressive as one would expect with the overall market making new highs and Citigroup continues paying their token one cent dividend. It's not much, but it does qualify the company as a dividend paying stock (primary motivationthe company gave for resuming a dividend payment).

After making a fresh 52-week high, the shares have lost a little ground. I view the decline as more of a buying opportunity than cause for concern. The Federal Reserve is backstopping many banks including this one. Don't expect the IV drip removal until Citigroup is in perfect health.

C Revenue Quarterly Chart C Revenue Quarterly data by YCharts

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BAC $15.54 1.50%
C $51.76 1.50%
GE $25.10 0.97%
MS $36.46 1.80%
AAPL $125.45 1.80%

Markets

DOW 17,986.79 +274.13 1.55%
S&P 500 2,084.24 +23.22 1.13%
NASDAQ 4,937.4120 +46.1930 0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs