Citigroup Inc (C) Earnings: June Charge-Offs Rise to 2.47%, Delinquencies at 1.36%

Citigroup Inc on Smartkarma

Analysts on Smartkarma, like Daniel Tabbush, have recently covered Citigroup Inc with a bearish sentiment. In a report titled “Citigroup – Impairment Costs Far Higher than Any Recent Quarter & Net Interest Income near Halting,” Tabbush highlights concerning trends at Citigroup. The company is experiencing a surge in impairment costs, particularly from unfunded commitments, with total costs reaching USD3.5bn in 4Q23 compared to previous quarters. Additionally, Citigroup’s net interest income is showing signs of flatlining, indicating challenges in a rising rate environment. Tabbush’s analysis suggests negative implications not only for Citigroup but also for other large global banks and major US banks, such as HSBC Holdings.

A look at Citigroup Inc Smart Scores

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

Long-term Outlook for Citigroup Inc Based on Smartkarma Smart Scores

Based on the Smartkarma Smart Scores, Citigroup Inc. appears to have a promising long-term outlook. The company scores high in the areas of value and dividend, indicating that it offers good value for investors and a decent dividend payout. This suggests that Citigroup may be an attractive investment for those seeking stability and income. Additionally, the company demonstrates strong momentum, which could imply positive growth potential in the future. However, Citigroup’s scores for growth and resilience are not as high, highlighting areas where the company may need to focus on improving to enhance its long-term prospects.

Summary of Citigroup Inc.

Citigroup Inc. is a diversified financial services holding company that offers a wide array of financial services to both consumer and corporate clients. With a global presence, Citigroup provides services such as investment banking, retail brokerage, corporate banking, and cash management products and services. This diverse portfolio of offerings positions Citigroup as a key player in the financial services industry, catering to a broad range of customers around the world.

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.
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