Citigroup FY2026 EPS Forecast Boosted by Erste Group Bank

Citigroup Inc. (NYSE:C) – Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for Citigroup in a report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $11.00 per share for the year, up from their previous estimate of $10.86. The consensus estimate for Citigroup’s current full-year earnings is $11.13 per share. Erste Group Bank also issued estimates for Citigroup’s FY2027 earnings at $12.74 EPS.

Several other research firms have also recently commented on C. Royal Bank Of Canada reiterated an “outperform” rating and set a $150.00 target price on shares of Citigroup in a research note on Wednesday. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Bank of America increased their price objective on shares of Citigroup from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.67.

Citigroup Price Performance

C stock opened at $131.61 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup has a 52-week low of $87.94 and a 52-week high of $147.96. The stock’s 50 day moving average is $134.26 and its two-hundred day moving average is $123.28. The company has a market capitalization of $224.47 billion, a PE ratio of 14.21, a P/E/G ratio of 0.62 and a beta of 1.11.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm had revenue of $24.75 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Citigroup’s revenue for the quarter was up 14.5% on a year-over-year basis.

Citigroup declared that its Board of Directors has initiated a share buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to buy up to 13.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the transaction, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Citigroup

Several large investors have recently added to or reduced their stakes in C. Whipplewood Advisors LLC bought a new position in shares of Citigroup in the 1st quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Citigroup during the fourth quarter worth about $25,000. Richards Merrill & Peterson Inc. acquired a new position in Citigroup during the 4th quarter valued at about $28,000. TD Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $28,000. Finally, IMG Wealth Management Inc. grew its holdings in Citigroup by 197.6% in the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock worth $28,000 after buying an additional 162 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup delivered a strong quarterly report, with revenue and earnings beating expectations and analysts highlighting its “rare clean sweep” and best quarterly revenue in a decade. Citigroup Delivers ‘Rare Clean Sweep’ With Best Quarterly Revenue in a Decade, Says Analyst
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating on Citigroup and kept a bullish price target, reinforcing investor confidence in the bank’s post-earnings momentum. Citigroup’s (C) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
• Positive Sentiment: Truist also kept a Buy rating on Citigroup despite trimming its target price slightly, suggesting analysts still see upside from current levels. Citigroup (NYSE:C) Price Target Lowered to $154.00 at Truist Financial
• Positive Sentiment: Early Q2 earnings season commentary has singled out Citigroup as one of the standout large banks, indicating the stock is getting a sector-wide boost from strong bank results. Q2 Earnings: 2 Winners and 1 Loser So Far
• Neutral Sentiment: Citigroup announced it will redeem $1.5 billion of Series T preferred stock, a routine capital-management move that is unlikely to materially change the near-term outlook. Citigroup Announces Full Redemption of Series T Preferred Stock
• Negative Sentiment: Some reports noted that Citigroup’s stock had fallen earlier on concerns about higher expenses, showing that cost pressure remains a risk even after the strong quarter. Citigroup estimates revised after bank flags higher expenses, stock tanks

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.