In a report released today, Mike Mayo from Wells Fargo maintained a Buy rating on Citigroup (C). The company’s shares closed last Tuesday at $42.12.
According to TipRanks.com, Mayo is a 3-star analyst with an average return of 1.0% and a 50.5% success rate. Mayo covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, JPMorgan Chase & Co., and Goldman Sachs Group.
Currently, the analyst consensus on Citigroup is a Strong Buy with an average price target of $88.00, which is a 101.7% upside from current levels. In a report issued on March 27, Morgan Stanley also maintained a Buy rating on the stock with a $63.00 price target.
See today’s analyst top recommended stocks >>
Based on Citigroup’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $18.38 billion and net profit of $4.98 billion. In comparison, last year the company earned revenue of $17.12 billion and had a net profit of $4.31 billion.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector and high-net-worth clients around the world with a full range of wholesale banking products and services. This segment includes fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. The Corporate and Other segment includes certain unallocated costs of global staff functions, other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury, certain North America and international legacy consumer loan portfolios, other legacy assets and discontinued operations. The company was founded in 1812 and is headquartered in New York, NY.
Read More on C:
