Citigroup's Rally Still Has Legs - Pay Attention To Its ROTCE [Seeking Alpha]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
Company Research
Source: Seeking Alpha
Despite so, we believe that the rally still has legs, with C inherently undervalued compared to its tangible book value per share, offering interested investors with an excellent upside potential. While the bank may have reported a mixed FQ1'24 earnings call, attributed to the one-time FDIC special assessment expense and restructuring-related costs, we expect FQ2'24 to bring forth improved RoTCE. However, readers must take note of the USPB's rising credit card delinquency rates and net charge-off rates, with things likely to get worse before improving along with the macroeconomic outlook. We previously covered Citigroup Inc. NYSE: C ) in February 2024, discussing the management's drastic cost optimization plans through 2026, with the market already rewarding the stock with an immense rally over the past few months. While the normalization Recommended For You Recommended For You About C Stock More on C Related Stocks Trending Analysis Trending News
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C
News
- Citigroup Announces $1.5 Billion Redemption of 4.140% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025Business Wire
- Santander's Latest Hires Are Dealmakers From Citigroup, Nomura [BNN Bloomberg (Canada)]BNN Bloomberg
- Industry source: No, The Greene is not going to close, and here's why: [Yahoo! Finance]Yahoo! Finance
- Hot Commodity Silver Sets Pace as Demand and Deficit Drive Rally [Yahoo! Finance Canada]Yahoo! Finance Canada
- Hot Commodity Silver Sets Pace as Demand and Deficit Drive Rally [Financial Post (Toronto, Ontario, Canada)]Financial Post
C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B2
- C's page on the SEC website