Citigroup Inc (C)

[Dallas66]

Will Citigroup (C) Stock's Rally Continue Post Q4 Earnings?

Zacks Equity Research
ZacksJanuary 17, 2017

https://finance.yahoo.com/news/citigroup-c-stocks-rally-continue-140902924.html

We expect Citigroup Inc. C to beat earnings expectations when it reports its fourth-quarter and 2016 results tomorrow, before the opening bell.

Driven by a decline in operating expenses, Citigroup had delivered a positive earnings surprise of nearly 8% in the last quarter. Also, the company recorded higher fixed income market revenues and investment banking revenues. However, a rise in cost of credit was a headwind.

This earnings beat translated in to improved price movement for the company. Gradually improving operating environment also supported the price performance. For the three-month period ended Dec 31, 2016, Citigroup’s shares increased nearly 8.8%.

Will the rally in stock price continue post fourth-quarter earnings release? It majorly depends on whether the firm is able to maintain its trend of beating earnings over the last four quarters.