Despite Earnings Beat, Citigroup Is Just Par for the Course
Citigroup reported better-than-expected third-quarter financial results before the markets opened on Thursday.
Citigroup reported better-than-expected third-quarter financial results before the markets opened on Thursday.
In a new report, the IMF has also shown that some of the world's largest financial institutions could struggle to remain sufficiently profitable in the coming years.
Citigroup is scheduled to release its most recent quarterly earnings report before the markets open on Thursday. It will be the first of the major banks to report earnings and kick off…
Many banks and financial firms have seen their price targets and expectations raised by analysts ahead of this earnings season.
24/7 Wall St. has put together a preview of Bank of America, Wells Fargo and some of the major companies reporting their quarterly results this week.
The top analyst upgrades, downgrades and other research calls from Tuesday include Altria, Apple, Discovery, DowDuPont, JPMorgan, Red Hat and T-Mobile.
JPMorgan is reasonably upbeat on the sector going forward. It has raised price targets on five top banks.
The top analyst upgrades, downgrades and other research calls from Tuesday include Alcoa, ADM, Citigroup, Gap, Kroger, Nike, Nucor, Rite Aid, Teva Pharmaceutical and Under Armour.
Value investors often look for companies trading below their book value, and one sector that has continued to offer stock prices under their book value is the financial sector.
Companies included on the S&P 500 index bought back more than $500 billion in stock last year and have bought back more than $4 trillion in shares since 2008.
The top analyst upgrades, downgrades and other research calls from Monday include American Airlines, Celgene, Citigroup, Facebook, Hertz, Hilton and Ulta Beauty.
The top analyst upgrades, downgrades and other research calls from Wednesday include BP, Chipotle, Citigroup, Electronic Arts, Eli Lilly, McDonald's, Texas Instruments and U.S. Steel.
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