Back to top

Image: Bigstock

Citigroup Inc.

Read MoreHide Full Article

Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s third-quarter 2018 earnings reflected high revenues, along with loan growth. Moreover, controlled expenses were witnessed. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Though several issues, including litigation burden and declining fee income, keep us apprehensive, with rising rates, margin pressure seems to be easing.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Citigroup Inc. (C) - free report >>

Published in