Citigroup Inc. ($C) Stock Forecast: Up 7.4% Today

What is Citigroup Inc.?

Stock C: Citigroup (NYSE: C) Citigroup had a strong bullish movement today amidst a positive market sentiment.

Why is Citigroup Inc. going up?

C stock is up 7.4% on Jan 15, 2025 20:03

• Citigroup's stock surged following the announcement of better-than-expected fourth-quarter financial results and a $20 billion share buyback program, showcasing robust financial performance and investor confidence.
• The positive earnings report included a 12% increase in topline growth, $2.9 billion net income, and gains in wealth and market segments, all contributing to the bullish movement.
• While a decline in deposit balance posed a challenge, strong investment banking revenues and reduced expenses supported Citigroup's Q4 earnings, further bolstering investor confidence.
• Overall, Citigroup's encouraging results, coupled with strong Q4 earnings from other banks, drove the stock's upward movement, mirroring a wider trend of strong consumer spending and market performance.

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https://www.benzinga.com/trading-ideas/movers/25/01/43012145/whats-going-on-with-american-express-shares-wednesday

Citigroup Q4 Earnings Beat, Revenues Match Estimates, Stock Up

Strong IB revenues, along with lower expenses, support C's Q4 earnings. However, a decline in deposit balance is a headwind.

https://www.zacks.com/stock/news/2397605/citigroup-q4-earnings-beat-revenues-match-estimates-stock-up

Citigroup Posts Upbeat Results, Joins Goldman Sachs, Wells Fargo, Bank of New York Mellon And Other Big Stocks Moving Higher On Wednesday - Citigroup ( NYSE:C ) , Bank of New York Mellon ( NYSE:BK )

U.S. stocks were higher, with the Dow Jones index gaining over 650 points on Wednesday. Shares of Citigroup Inc. C rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and announced a $20 billion buyback.

https://www.benzinga.com/25/01/43005853/citigroup-posts-upbeat-results-joins-goldman-sachs-wells-fargo-bank-of-new-york-mellon-and-other-big-stocks-movin

Citigroup ( C ) Reports Q4 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

https://www.zacks.com/stock/news/2397525/citigroup-c-reports-q4-earnings-what-key-metrics-have-to-say

Citigroup Q4 Earnings: 12% Topline Growth, $2.9 Billion Net Income, $20 Billion Share Buyback, Gains In Wealth And Market Segments - Citigroup ( NYSE:C )

Citigroup reported Q4 2024 revenue of $19.58B, up 12% YoY, beating estimates; GAAP EPS of $1.34 topped consensus of $1.22. Wealth revenue grew 20% YoY, services rose 15%, and markets revenue surged 36%; new $20B share buyback program starts in 2025. Get Real-Time News and Alerts for Your Portfolio

https://www.benzinga.com/news/buybacks/25/01/43002760/citigroup-q4-earnings-12-topline-growth-2-9-billion-net-income-20-billion-share-buyback-gains-in-we

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Citigroup Inc. Price History

19.08.2024 - C Stock was up 5.0%

• The appointment of Keith Walsh as the new CFO at AIG may have instilled confidence in investors, indicating a positive change in leadership.
• The decision by C to divest its trust service unit aligns with its overhaul goals, potentially streamlining operations and focusing on more profitable ventures, which could have been well-received by investors.
• The general bullishness in the Asia-Pacific family offices towards equities and bonds could have had a spillover effect on Stock C, driving its bullish movement today.
• The declaration of preferred dividends by US Financial 15 Split Corp may have also contributed to the positive market sentiment, reflecting stability and potential returns for investors in the financial sector.

15.09.2024 - C Stock was down 4.4%

• Citigroup (C) reported earnings and revenues that surpassed estimates, but it still saw a bearish movement, hinting at possibly elevated market expectations.
• A 9% decline in profit for Citigroup (C) might have disappointed investors and contributed to the bearish movement.
• Despite a strong performance in investment banking revenue and partnerships with Mastercard and Apollo Partnerships, other factors seemed to impact the stock price negatively.
• The mixed trading of U.S. stock futures and the overall market sentiment likely played a role in Citigroup's (C) bearish movement today.

15.09.2024 - C Stock was down 5.1%

• Despite reporting strong growth in investment banking revenues and beating analyst consensus estimates in various financial metrics, Citigroup (C) experienced a bearish movement.
• The market may have reacted negatively to the 9% decrease in profit for the third quarter, despite the revenue growth and earnings beat by Citigroup (C).
• Investors might be concerned about the provision for credit losses increasing, which could have impacted the overall sentiment towards the stock.
• The anticipation and expectations leading up to Citigroup's third-quarter earnings report may have contributed to the bearish movement, as investors may have had differing views on the company's performance.

06.08.2024 - C Stock was down 2.2%

• Citigroup (C) stock closed at $61.46, marking a -1.88% decrease from the previous day, indicating a bearish trend.
• The options market sentiment towards Citigroup is notably bearish, with a majority of investors opening trades with pessimistic expectations.
• Concerns about poor credit quality in the banking sector, including FDIC-insured banks like Citigroup, could have contributed to the bearish movement.
• While other events like Microchip Technology's presentation at the Citi 2024 Global TMT Conference may have had some impact, the overall sentiment surrounding Citigroup appears to be driven by broader market concerns and specific company-related factors.

09.08.2024 - C Stock was down 2.0%

• The bearish movement in Citigroup's stock (C) today could be attributed to the bearish options trends noticed by investors with significant capital.
• Concerns over poor credit quality in the banking sector, including Citigroup, might have added to the negative sentiment surrounding the stock.
• While not directly related, the presentation of Microchip Technology at the Citi 2024 Global TMT Conference could have shifted investor focus away from Citigroup, potentially impacting its stock performance negatively.
• Overall, the combination of bearish options trends, concerns over asset quality, and competing investor attention from other events could have contributed to the bearish movement in Citigroup's stock (C) today.

06.10.2024 - C Stock was up 9.3%

• Collaborating with Google Cloud is expected to accelerate Citigroup's digital strategy, which likely boosted investor confidence and contributed to the positive movement in the stock.
• Investor optimism in the options market regarding Citigroup also played a role in the favorable sentiment surrounding the stock.
• Amid market volatility, the appeal of dividend-paying stocks like Johnson & Johnson tends to attract investors, potentially influencing overall market sentiment and benefiting Citigroup's stock price indirectly.

15.00.2025 - C Stock was up 7.4%

• Citigroup (C) reported better-than-expected fourth-quarter financial results, including a 12% increase in topline growth and $2.9 billion in net income.
• The announcement of a $20 billion share buyback program by Citigroup further boosted investor confidence and contributed to the stock's sharp rise.
• Citigroup's outperformance in key metrics compared to Wall Street estimates and year-ago values also added to the positive sentiment surrounding the stock.
• The overall strong performance of Citigroup in Q4 2024, coupled with the upbeat market conditions, propelled the stock to surge significantly, continuing its outperformance compared to the S&P 500.

15.00.2025 - C Stock was up 5.2%

• Citigroup reported impressive Q4 2024 earnings with a 12% increase in topline growth and a net income of $2.9 billion, surpassing expectations. This positive financial performance likely contributed to the bullish movement in the stock.
• The announcement of a new $20 billion share buyback program in 2025 could have boosted investor confidence and interest in Citigroup, driving the stock price higher.
• The overall outperformance of Citigroup's stock in 2024, rising almost 37% compared to the S&P 500, may have also attracted more investors, leading to today's bullish movement.
• The strong performance of Citigroup's wealth and market segments, with revenue growth of 20% and 36% respectively, likely added to the positive sentiment surrounding the stock.

15.00.2025 - C Stock was up 7.4%

• Citigroup's stock surged following the announcement of better-than-expected fourth-quarter financial results and a $20 billion share buyback program, showcasing robust financial performance and investor confidence.
• The positive earnings report included a 12% increase in topline growth, $2.9 billion net income, and gains in wealth and market segments, all contributing to the bullish movement.
• While a decline in deposit balance posed a challenge, strong investment banking revenues and reduced expenses supported Citigroup's Q4 earnings, further bolstering investor confidence.
• Overall, Citigroup's encouraging results, coupled with strong Q4 earnings from other banks, drove the stock's upward movement, mirroring a wider trend of strong consumer spending and market performance.

18.11.2024 - C Stock was down 1.4%

• Citigroup's bearish movement could be attributed to profit-taking by investors after a recent uptrend.
• Consideration of streamlining its retail banking business in Mexico may have raised concerns about potential competition in the financial sector, impacting Citigroup's stock negatively.
• The shift in focus towards wealth management could signal a strategic advantage over traditional banking services, leading investors to reevaluate their positions in Citigroup.
• Overall, market sentiment towards financial institutions may have been influenced by these developments, contributing to Citigroup's bearish movement.

06.00.2025 - C Stock was up 1.7%

• Citigroup (C) saw a bullish movement likely due to positive analyst recommendations and price target upgrades.
• Warren Buffett's Berkshire Hathaway increasing its stake in VeriSign (VRSN) may have positively influenced market sentiment towards tech and financial stocks, including Citigroup.
• The overall positive outlook on Citigroup by Wall Street analysts could have contributed to the bullish movement.
• It's possible that the general market optimism and positive sentiment towards financial stocks also played a role in Citigroup's strong performance today.

05.07.2024 - C Stock was up 5.1%

• Positive views from Citigroup on the potential of Robinhood's stock may have bolstered investor confidence in the financial sector, potentially impacting stock C.
• The recent move of a former Citigroup Asia head to Prudential suggests growth prospects in the wealth and insurance sectors, creating a positive sentiment around stocks like C.
• Citigroup's notable investments in Australian Clinical Labs and Adani Energy's QIP investments showcase strategic decision-making, likely influencing market participants to consider similar investments in companies like stock C.
• Prudential's appointment of a former Citi executive as the new Greater China CEO may have enhanced investor trust in the company's leadership, indirectly benefiting stocks such as C.