Citigroup Inc

NYSE: C
$62.14
-$0.88 (-1.4%)
Closing Price on September 20, 2024

C Articles

Bank stocks are very expensive now, and JPMorgan has just five that it currently recommends, two big money center leaders and three top regional banks.
Even after the financial firms have reported earnings in the past two weeks we have seen another round of analysts raising their price targets on major banks.
With the Federal Reserve expected to raise rates in December, and again in 2018, these stocks make good long-term holdings in growth accounts.
Jefferies remains positive on five top large cap banks that are still offering investors upside potential after an extremely large run in the sector.
The top analyst upgrades, downgrades and other research calls from Monday include Adobe, Apple, Bristol-Myers, Citigroup, Ford, Groupon, Phillips 66 and United Rentals.
Citigroup reported better-than-expected third-quarter financial results before the markets opened on Thursday.
In a new report, the IMF has also shown that some of the world's largest financial institutions could struggle to remain sufficiently profitable in the coming years.
Citigroup is scheduled to release its most recent quarterly earnings report before the markets open on Thursday. It will be the first of the major banks to report earnings and kick off the season.
Many banks and financial firms have seen their price targets and expectations raised by analysts ahead of this earnings season.
24/7 Wall St. has put together a preview of Bank of America, Wells Fargo and some of the major companies reporting their quarterly results this week.
The top analyst upgrades, downgrades and other research calls from Tuesday include Altria, Apple, Discovery, DowDuPont, JPMorgan, Red Hat and T-Mobile.
JPMorgan is reasonably upbeat on the sector going forward. It has raised price targets on five top banks.
The top analyst upgrades, downgrades and other research calls from Tuesday include Alcoa, ADM, Citigroup, Gap, Kroger, Nike, Nucor, Rite Aid, Teva Pharmaceutical and Under Armour.
Value investors often look for companies trading below their book value, and one sector that has continued to offer stock prices under their book value is the financial sector.
Companies included on the S&P 500 index bought back more than $500 billion in stock last year and have bought back more than $4 trillion in shares since 2008.