These Analysts Increase Their Forecasts On Citigroup After Strong Earnings
Portfolio Pulse from Lisa Levin
Citigroup Inc reported better-than-expected earnings for its third quarter, with a 9% YoY net revenue increase to $20.14 billion, beating the consensus of $19.32 billion. EPS of $1.63 also beat the consensus of $1.21. Despite the strong earnings, Citigroup shares fell 0.3% to trade at $147.63 on Friday. BMO Capital and Oppenheimer increased their price targets on Citigroup following the earnings announcement.
October 16, 2023 | 5:11 pm
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Citigroup reported strong Q3 earnings, beating expectations. However, its shares fell 0.3%. BMO Capital and Oppenheimer increased their price targets on Citigroup.
Citigroup's strong Q3 earnings beat expectations, which is a positive signal for the company's performance. However, the slight drop in share price indicates market volatility or other factors not directly related to the company's earnings. The increased price targets from BMO Capital and Oppenheimer suggest a positive outlook for Citigroup's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100