How To Earn $500 A Month From Citigroup Stock
Portfolio Pulse from AJ Fabino
Oppenheimer analyst Chris Kotowski upgraded Citigroup, Inc (NYSE:C) to an Outperform rating and increased the price target from $84 to $88. Citigroup's Q2 2023 results beat Street consensus, with a 1% YoY decline in net revenue to $19.44 billion, beating the estimated $19.27 billion. The bank also completed a billion dollars worth of share buy-backs over the last quarter. Citigroup's dividend yield of 4.28% provides an opportunity for income-focused investors.
July 18, 2023 | 3:03 pm
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POSITIVE IMPACT
Citigroup's upgrade to Outperform and increased price target, along with strong Q2 2023 results and share buy-backs, could boost investor confidence and potentially drive the stock price up in the short term.
The upgrade by Oppenheimer, a well-respected analyst firm, is a strong positive signal for investors. The beat on Q2 2023 results and the share buy-backs demonstrate strong financial performance and management's confidence in the company's future. This could lead to increased investor interest and demand for the stock, potentially driving the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100