Citigroup: Riding The Wave And Undervalued [Seeking Alpha]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
Company Research
Source: Seeking Alpha
Citigroup's supply of funds is improving amid an increase in stable short-term deposits and a lower yield curve. We think the bank's asset base is robust, and its consumer and corporate loan books contain significant potential. A residual income valuation model deems Citigroup stock undervalued while historical data communicates dividend sustainability. Citigroup Inc.'s ( NYSE: C stock has enjoyed a scintillating twelve months, much to the relief of those who endured the 'false-hope' stages in late 2021 and 2022. We last covered the stock in April last year, when we assigned it a buy rating. Our premise back then was that Citigroup's stock would surge due to a turnaround in earnings momentum. Our outlook was successful as the stock has climbed by more than 35% ever since; however, a lot of time has elapsed, meaning revision is warranted. Herewith are a few of our latest findings on Citigroup. Fundamental Analysis Supply of Funds I wanted to start this analysis by disc
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C
News
- Citigroup Announces $2.0 Billion Redemption of 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025Business Wire
- Citi Trims Fed Bet for 2024, Still Sees Multiple Rate Cuts [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Citi Trims Fed Bet for 2024, Still Sees Multiple Rate Cuts [Yahoo! Finance]Yahoo! Finance
- Citi, JPMorgan See Carry Trade Revival as Fed Hawkisness Spreads [Yahoo! Finance]Yahoo! Finance
- Citi, JPMorgan See Carry Trade Revival as Fed Hawkisness Spreads [BNN Bloomberg (Canada)]BNN Bloomberg
C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form FWP
- 4/26/24 - Form 424B2
- C's page on the SEC website