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published in Blogs
Apr 15, 2019

Citigroup (C, $67.43) beats Q1 earnings estimates, despite steep plunge in stock-trading revenue

 

Citigroup’s first quarter earnings surpassed analysts’ expectations, notwithstanding disappointing revenues.

The financial behemoth reported earnings of $1.87 per share, higher than analysts’ expectation of $1.80 per share (based on Refinitiv). Net income increased +2% from the year-ago quarter to $4.71 billion.

The company’s quarterly revenue of $18.576 billion, however, fell a bit short of $18.634 billion that analysts estimated (based on Refinitiv). Revenue was -2% lower from the year-quarter, largely due to a plunge experienced by its stock-trading business.

Stock-trading revenue for the bank declined -24% year-over-year.  "Lower market volumes and client-financing balances," were cited by the bank as reasons behind the segment’s relatively weak performance.

Nevertheless, the pullback in stock-trading was partially offset by a +20% surge in Citi’s investment banking revenue. Also, revenue at its fixed-income desk increased +1% to $3.45 billion.

 

Related Ticker: C

Momentum Indicator for C turns negative, indicating new downward trend

C saw its Momentum Indicator move below the 0 level on April 10, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for C moved out of overbought territory on April 03, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for C turned negative on April 04, 2024. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

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 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

C may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 240 cases where C Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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 outstanding 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (0.647) is normal, around the industry mean (0.945). C has a moderately high P/E Ratio (15.708) as compared to the industry average of (8.857). C's Projected Growth (PEG Ratio) (18.586) is very high in comparison to the industry average of (2.584). Dividend Yield (0.033) settles around the average of (0.100) among similar stocks. P/S Ratio (1.581) is also within normal values, averaging (2.430).

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

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 60, 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 87.81B. The market cap for tickers in the group ranges from 191.41M to 573.02B. JPM holds the highest valuation in this group at 573.02B. 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 -3%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 19%. WEBNF experienced the highest price growth at 3%, while BNDSF experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 23%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was -10%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 55
Price Growth Rating: 84
SMR Rating: 6
Profit Risk Rating: 60
Seasonality Score: -6 (-100 ... +100)
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A.I.Advisor
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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
239000
Web
https://www.citigroup.com
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