Citi Q4 Earnings Beat On Low Expenses, Revenues Disappoint

Our Viewpoint

Citigroup reported impressive results even this time around, though the bank was unfavorably impacted by lower investment banking revenues and a challenging trading environment. The company exhibits capital strength which continues to support its dividend and share-buyback program. Furthermore, lower credit costs are commendable. In addition, decline in expenses reflect prudent expense management.

One can consider a strong brand like Citigroup to be a sound investment option over the long term, given its global footprint and attractive core business. Additionally, the company’s growth looks encouraging amid rising rate environment, as well as anticipated ease of regulations.

Nevertheless, several legal hassles remain concerns for the company.

Citigroup Inc. Price, Consensus and EPS Surprise

Citigroup Inc. Price, Consensus and EPS Surprise | Citigroup Inc. Quote

At present, Citigroup carries a Zacks Rank #3 (Hold).

Among other major banks, Wells Fargo (WFC - Free Report) and JPMorgan (JPM - Free Report) are slated to report fourth-quarter results on Jan 15, while Bank of America Corporation (BAC - Free Report) will release its quarterly numbers on Jan 16.

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