Citigroup (C) Stock Lower Ahead of Friday’s Q2 Results

Citigroup (C) stock is declining early Wednesday afternoon ahead of the company’s 2016 second quarter results due out Friday morning.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Citigroup (C) - Get Report are down 0.62% to $43.17 early Wednesday afternoon ahead of the financial service holding company's 2016 second quarter results, due out before Friday's opening bell.

Wall Street is expecting the New York-based bank to report earnings of $1.10 per share on revenue of $17.5 billion.

Last year, Citigroup earned $1.51 per diluted share on revenue of $19.2 billion.

Yesterday, shares gained as its Citibank unit will end correspondent banking and servicing of some accounts in Venezuela.

Additionally, Citigroup stock coverage was initiated with a "buy" rating and $50 price target at Berenberg Capital Markets this morning, the Fly reports.

(Citigroup is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here.)

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity.

But the team also finds weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: C

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