Earnings Alerts

Citigroup Inc (C) Earnings: September Charge-Offs at 2.53% as Shares Drop 4.5%

By October 16, 2024 No Comments
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  • Citigroup reported charge-off rates of 2.53% for September.
  • The company’s delinquency rate reached 1.44%.
  • Citigroup’s shares experienced a 4.5% drop, closing at $63.03.
  • Approximately 2.75 million shares were traded on the market.
  • Investment analysts suggest 14 buy ratings and 8 hold ratings for Citigroup.
  • No sell ratings were reported for Citigroup.

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A look at Citigroup Inc Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth2
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Analysing the Smartkarma Smart Scores for Citigroup Inc, the company appears to be highly valued, indicated by a top score in the Value category. This suggests that investors see Citigroup as an attractive investment option based on its current market price. Additionally, the above-average Dividend score implies that the company offers a decent dividend yield relative to its stock price. However, with lower scores in Growth and Resilience, Citigroup may face challenges in expanding its operations and weathering economic uncertainties. On a positive note, the Momentum score is strong, indicating favorable upward stock price trends in the market.

Citigroup Inc. is a diversified financial services holding company with a global presence, offering a wide array of financial products and services to both individual and corporate clients. Despite its strong performance in value and dividend aspects, the company’s growth potential and ability to withstand adverse market conditions are moderate. Nevertheless, Citigroup’s positive momentum in the market suggests that investor sentiment and stock performance are currently on an upward trajectory, painting a cautiously optimistic long-term outlook for the company.


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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