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Tuesday, January 17, 2017 12:54:29 PM
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.
Recent C News
- Citigroup Announces $2.0 Billion Redemption of 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025 • Business Wire • 04/26/2024 08:15:00 PM
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- Citigroup Announces C$56.782 Million Redemption of 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 • Business Wire • 04/24/2024 01:00:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- CitiGroup Announces Full Redemption of Series D Preferred Stock • Business Wire • 04/15/2024 08:15:00 PM
- Upbeat Earnings, Retail Sales Data May Generate Buying Interest • IH Market News • 04/15/2024 01:10:16 PM
- U.S. Index Futures Surge after Dow Jones’ Worst Week, Oil Prices Dip • IH Market News • 04/15/2024 11:08:21 AM
- U.S. Stocks Pulling Back Sharply As JPMorgan Chase Disappoints • IH Market News • 04/12/2024 08:21:52 PM
- U.S. Stocks May Move Back To The Downside In Early Trading • IH Market News • 04/12/2024 01:10:09 PM
- Citigroup Reports First Quarter 2024 Results • Business Wire • 04/12/2024 12:00:00 PM
- U.S. Index Futures Indecisive Ahead of Banking Earnings, Oil Prices Surge • IH Market News • 04/12/2024 11:07:01 AM
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- Citigroup Announces $2.75 Billion Redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025 • Business Wire • 04/09/2024 08:15:00 PM
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- Citigroup Declares Common Stock Dividend; Citigroup Declares Preferred Dividends • Business Wire • 04/03/2024 08:28:00 PM
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- Citigroup Global Markets Holdings Inc. – Issue of EUR 375,000,000 Cash Settled Exchangeable Bonds due April 2029 Referable to the Shares of LVMH Moet Hennessy Louis Vuitton • Business Wire • 03/27/2024 07:45:00 AM
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- Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News • IH Market News • 03/13/2024 11:02:03 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM