- Citigroup’s third-quarter markets revenue was $4.82 billion, exceeding the estimate of $4.6 billion.
- FICC (Fixed Income, Currencies, and Commodities) sales and trading revenue reached $3.58 billion, compared to an estimate of $3.54 billion.
- Equities sales and trading revenue were $1.24 billion, surpassing the anticipated $1.03 billion.
- Banking revenue was $1.60 billion, which was higher than the estimate of $1.54 billion.
- Investment banking revenue tallied $934 million, above the forecasted $874.5 million.
- Total revenue stood at $20.32 billion, with earnings per share (EPS) at $1.51.
- Total cost of credit was reported at $2.68 billion, aligning closely with the estimate of $2.66 billion.
- Common equity Tier 1 ratio was exactly as estimated at 13.7%.
- Return on average equity was 6.2%, beating the estimate of 5.44%.
- Return on average tangible common equity reached 7%, against the expected 6.05%.
- Net charge-offs were $2.17 billion, lower than the predicted $2.35 billion.
- Operating expenses were reported at $13.25 billion.
- Total loans amounted to $688.9 billion, slightly below the estimate of $690.56 billion.
- Total deposits were recorded at $1.31 trillion.
- The efficiency ratio was reported at 65.2%.
- Net interest income came in at $13.36 billion.
- Services revenue was $5.03 billion, exceeding the $4.85 billion estimate.
- Wealth revenue amounted to $2.00 billion, above the estimate of $1.8 billion.
- U.S. Personal Banking revenue was slightly lower than expected, at $5.05 billion compared to the $5.09 billion estimate.
- Market analyst sentiment for Citigroup includes 14 buy ratings, 8 holds, and no sell recommendations.
A look at Citigroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
With a strong Value score of 5, Citigroup Inc appears to be undervalued relative to its fundamentals, making it an attractive opportunity for investors looking for discounted stocks. The company also boasts a solid Dividend score of 4, indicating a stable and potentially lucrative dividend payout for shareholders. However, the Growth and Resilience scores of 2 highlight potential areas of concern, suggesting that Citigroup may face challenges in terms of future growth and financial stability.
On the bright side, Citigroup Inc shows promising Momentum with a score of 4, indicating positive trends in stock price and investor sentiment. Despite some weaknesses in growth and resilience, Citigroup’s favorable Value, Dividend, and Momentum scores paint a somewhat optimistic outlook for the company’s long-term performance in the financial services sector.
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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