Citigroup Inc. (C)

Index:

S&P 100

$ 41.85
   
  • Change Today:
    $-1.44
  • 52 Week High: $81.91
  • 52 Week Low: $35.39
  • Currency: US Dollars
  • Shares Issued: 2,114.12m
  • Volume: 1,500
  • Market Cap: $88,476m
  • RiskGrade: 239
  • Beta: 1.59

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Citigroup easily tops estimates on strong fixed-income trading

By Iain Gilbert

Date: Tuesday 14 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Citigroup easily topped expectations with its quarterly results on Tuesday as strong fixed-income trading revenues and growing sales from the bank's consumer business led the way.
The US banking giant turned in earnings per share of $1.90, ahead of the $1.84 expected on the Street, while revenues came in at $18.37bn - also above the $17.85bn forecast by analysts.

Fixed-income trading of $2.9bn smashed estimates of $1.24bn, while Citi's consumer business also boosted its results, as its global consumer banking division raked in $8.5bn in sales - a 5% increase year-on-year.

Chief executive Michael Corbat said: "The US consumer franchise saw continued strong growth in Branded Cards and sustained its momentum in attracting digital deposits.

"Our earnings of $5bn for the fourth quarter marked a strong finish to 2019."

Equities trading did fall short of estimates, however, bringing in $516m versus expectations of $673.7m, but Citi still managed to post a full-year profit of $8.04 per share - a 21% rise from 2018.

As of 1600 GMT, Citigroup shares were up 2.25% at $82.50 each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Citigroup Inc. Market Data

Currency US Dollars
Share Price $ 41.85
Change Today $ -1.44
% Change -3.33 %
52 Week High $81.91
52 Week Low $35.39
Volume 1,500
Shares Issued 2,114.12m
Market Cap $88,476m
Beta 1.59
RiskGrade 239

What The Brokers Say

Strong Buy 20
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 26
strong_buy
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Trades for 23-Sep-2020

Time Volume / Share Price
16:02 1,665,526 @ $41.85
15:59 280 @ $41.85
15:59 600 @ $41.85
15:59 400 @ $41.84
15:59 644 @ $41.84

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