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Sarah Patel's Avatar
published in Blogs
Jan 16, 2022

Citigroup (C, $66.96) reports a decrease in Q4 earnings

Citigroup posted a sharp drop in earnings for the fourth quarter.

The banking giant’s earnings came in at $1.46 a share, compared to $1.38 expected by analysts polled by Refinitiv.

Revenue of $17 billion also was higher than analysts’ expectations of $16.75 billion expected

The company’s net income plunged -26% to $3.2 billion. Citigroup attributed that to an increase in expenses for a “pre-tax impact” of about $1.2 billion related to the sale of its consumer banking businesses in Asia.

Citi’s global consumer banking business segment experienced a revenue decline of -6% year over year to $6.94 billion. Revenue in the North America region fell by -6% as sales from Citi-branded cards and retail services decreased.  Revenue in Asia decreased by -9%, while Latin America revenue declined by -4%. Expenses within the bank’s global banking division rose +33% year-over-year.

The company’ institutional clients group’s revenue increased by 4% to $9.9 billion, on the back of + 18% surge in investment banking. But its fixed income markets revenue fell -20% year over year to $2.5 billion.

For the full-year 2021, Citigroup net income nearly doubled from 2020 to $21.95 billion. However, its revenue decreased by -5% to $71.88 billion.

Related Ticker: C

C in upward trend: price may jump up because it broke its lower Bollinger Band on May 24, 2023

C may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where C's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where C advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on C as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for C turned negative on May 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

C moved below its 50-day moving average on May 19, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for C crossed bearishly below the 50-day moving average on May 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for C moved below the 200-day moving average on May 09, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where C declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for C entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. C’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.463) is normal, around the industry mean (0.927). P/E Ratio (6.139) is within average values for comparable stocks, (17.444). C's Projected Growth (PEG Ratio) (18.586) is very high in comparison to the industry average of (3.197). Dividend Yield (0.046) settles around the average of (0.056) among similar stocks. P/S Ratio (1.128) is also within normal values, averaging (2.317).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. C’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 74B. The market cap for tickers in the group ranges from 191.41M to 401.7B. JPM holds the highest valuation in this group at 401.7B. The lowest valued company is MSL at 191.41M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 2%. ACGBF experienced the highest price growth at 3%, while BNDSY experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 56
Price Growth Rating: 52
SMR Rating: 11
Profit Risk Rating: 84
Seasonality Score: 14 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a financial conglomerate

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Financial Conglomerates
Address
388 Greenwich Street
Phone
+1 212 559-1000
Employees
240000
Web
https://www.citigroup.com
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C and

Correlation & Price change

A.I.dvisor indicates that over the last year, C has been closely correlated with BAC. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if C jumps, then BAC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To C
1D Price
Change %
C100%
+0.22%
BAC - C
83%
Closely correlated
-0.18%
JPM - C
81%
Closely correlated
+0.38%
WFC - C
81%
Closely correlated
-0.61%
BCS - C
70%
Closely correlated
-0.64%
BMO - C
69%
Closely correlated
-0.50%
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