Erste Group Bank Forecasts Higher Earnings for Citigroup

Citigroup Inc. (NYSE:C) – Research analysts at Erste Group Bank increased their FY2026 EPS estimates for shares of Citigroup in a research note issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates that the company will earn $11.35 per share for the year, up from their previous estimate of $11.20. The consensus estimate for Citigroup’s current full-year earnings is $11.42 per share. Erste Group Bank also issued estimates for Citigroup’s FY2027 earnings at $12.89 EPS.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter last year, the company posted $1.86 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis.

Several other research firms have also commented on C. Royal Bank Of Canada lowered their price target on Citigroup from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Morgan Stanley boosted their price objective on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Evercore set a $135.00 target price on Citigroup in a research note on Wednesday, October 14th. Oppenheimer lowered Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Loop Capital set a $155.00 target price on Citigroup in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.79.

Citigroup Stock Down 1.1%

Shares of NYSE C opened at $122.43 on Friday. The firm has a market cap of $208.81 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.54 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup has a 52-week low of $95.83 and a 52-week high of $147.96. The business’s 50 day moving average is $131.60 and its two-hundred day moving average is $132.16.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Citigroup’s dividend payout ratio (DPR) is currently 26.15%.

Hedge Funds Weigh In On Citigroup

Several institutional investors have recently modified their holdings of the business. Compass Financial Management LLC acquired a new position in Citigroup during the 2nd quarter worth $898,000. Andra AP fonden increased its holdings in Citigroup by 22.3% during the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after purchasing an additional 50,100 shares during the period. Saudi Central Bank raised its position in Citigroup by 80.8% in the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock valued at $16,710,000 after purchasing an additional 53,348 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Citigroup by 30.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock valued at $18,467,000 after purchasing an additional 31,007 shares in the last quarter. Finally, State Street Corp raised its position in Citigroup by 3.7% in the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after purchasing an additional 2,913,701 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s board elected James “Jim” Flanagan as an independent director on October 21. The appointment may modestly support governance and board oversight, although it is unlikely to be a major near-term earnings catalyst. Citigroup Elects James Flanagan as Independent Director
• Positive Sentiment: Citi is providing Nebius Group with a $3.5 billion, 364-day senior secured financing facility priced at SOFR plus 275 basis points. The transaction highlights Citi’s corporate and investment-banking capabilities and could generate interest and fee income, though it also creates lending exposure. Nebius Secures $3.5 Billion Financing Facility With Citi
• Neutral Sentiment: Citi’s report on Singapore’s wealthy clients points to growing assets among affluent customers, potentially supporting wealth-management activity. However, the article provides no new financial guidance or quantified impact for Citigroup. Singapore’s Wealthy Clients See Growing Assets, Citi Report Says
• Negative Sentiment: Broader risk-off sentiment is weighing on financial stocks. Warnings about a possible market correction, inflation, weak economic growth and expensive AI financing are encouraging investors to reduce risk, while Citi remains below both its 50-day and 200-day moving averages. Peter Schiff Warns of Possible Stock Market Crash

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.