rtmark
LearnBonds.com

Citigroup Inc. (NYSE:C) Beats Expectations on Wall Street

Citigroup Inc. showed off its earnings numbers for the three months ending September 2015 on Thursday, October 15 before the bell for the day on in New York. The firm’s earnings came in at $1.35 per share for the quarter while revenue came in at $4.29B.

citigroup imgIn the same period of last year, Citigroup Inc. managed to earn $0.88 per share. Sales for the same quarter in 2014 came in at $2.84B. In the three months heading into the release of today’s results, Citigroup Inc. stock has lost 6.47% of their value.

Here’s what Wall Street expected from Citigroup Inc.

Heading into the publication of these numbers, Wall Street forecast that Citigroup Inc. had earned $1.21 per share by consensus. Revenue was thought to have hit $19.05B for the quarter.

30 analysts were following Citigroup Inc. in the months before the firm put out these numbers. 11 analysts told clients the firms were a Buy, 15 analysts said they thought investors should make the stock Overweight, 3 analysts reported that the best strategy was to Hold the shares. None of the analyst advised that their readers hold the firm Underweight and 1 analyst thought the best move was to Sell the stock ahead of earnings.

Citigroup Inc. earnings in context

Citigroup Inc. is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services.

For the twelve months in 2015 Wall Street thinks that Citigroup Inc. will manage a profit of $5.56 per share. The full sales number for the fiscal year is expected to amount to $76.18B. In its prior fiscal year, Citigroup Inc. made $2.20 per share. Total revenue for the firm’s last fiscal year came in at $77.27B.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

X

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

TRADE WITH ETORO

75% of investors lose money when trading CFDs.

Leading Social Trading Platform with 0% Commission
TRADE WITH ETORO

75% of investors lose money when trading CFDs.

HTML Snippets Powered By : XYZScripts.com