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Citigroup Inc C

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Stock XNYS Rating as of
$58.32 +0.15 (0.26%)
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As of Delayed Price Pre-Open: $57.89 −0.42
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Company Report

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Citigroup Earnings: Laser-Like Focus on Expenses Is Required for Achieving Long-Term Targets

Suryansh Sharma,

No-moat Citigroup reported better-than-expected first-quarter earnings at $1.58 per share compared with the FactSet consensus of $1.18. There was an incremental $251 million FDIC special assessment charge related to the FDIC increasing its estimated loss from the March 2023 banking events. Other non-recurring expenses included $225 million of restructuring charges related to organizational simplification. We do not anticipate a material change to our $68 per share fair value estimate for the bank as we incorporate first-quarter results.

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Price vs Fair Value

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C is trading at a 14% discount.
Price
$58.32
Fair Value
$64.00
Uncertainty
Medium
1-Star Price
$51.60
5-Star Price
$45.40
Economic Moat
Sphz
Capital Allocation
Xqydcbff

Bulls Say, Bears Say

Bulls

Citigroup is in the middle of a strategic repositioning, making major moves such as spinning off its consumer business in Mexico and reinvesting in commercial banking and wealth. Citigroup may finally emerge as a structurally improved franchise.

Bears

Management doesn't expect to hit its return targets until two to three years from now, and the bank has historically underperformed. It's not worth waiting around for this historical value trap.

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News

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Trading Information

Previous Close Price
$58.17
Day Range
$57.93–58.97
52-Week Range
$38.17–63.90
Bid/Ask
$57.36 / $58.00
Market Cap
$111.24 Bil
Volume/Avg
2,741 / 15.8 Mil

Key Statistics

Price/Earnings (Normalized)
11.39
Price/Sales
1.44
Dividend Yield (Trailing)
3.61%
Dividend Yield (Forward)
3.61%
Total Yield
5.38%

Company Profile

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
239,000
Website
https://www.citigroup.com

Competitors

Valuation

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Metric
C
WFC
BAC
Price/Earnings (Normalized)
 11.3911.3811.56
Price/Book Value
 0.591.271.06
Price/Sales
 1.442.602.93
Price/Cash Flow
 4.396.236.84
Price/Earnings
C
WFC
BAC

Financial Strength

Metric
C
WFC
BAC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
C
WFC
BAC
Return on Assets (Normalized)
 0.41%1.04%0.99%
Return on Equity (Normalized)
 5.31%12.17%12.26%
Return on Invested Capital (Normalized)
 ———
Return on Assets
C
WFC
BAC
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Banks - Diversified Industry Comparables

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RY
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