Erste Group Bank Boosts Earnings Estimates for Citigroup

Citigroup Inc. (NYSE:C) – Equities researchers at Erste Group Bank raised their FY2026 EPS estimates for shares of Citigroup in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the company will earn $11.00 per share for the year, up from their prior forecast of $10.86. The consensus estimate for Citigroup’s current full-year earnings is $11.15 per share. Erste Group Bank also issued estimates for Citigroup’s FY2027 earnings at $12.74 EPS.

Other equities analysts also recently issued research reports about the stock. Barclays raised their target price on shares of Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group upped their price target on Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. UBS Group raised their price objective on Citigroup from $134.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Wells Fargo & Company lifted their price objective on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Finally, Keefe, Bruyette & Woods boosted their target price on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and an average target price of $145.67.

Citigroup Trading Down 1.7%

NYSE:C opened at $129.46 on Friday. Citigroup has a one year low of $87.94 and a one year high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day simple moving average is $134.34 and its 200 day simple moving average is $123.33. The firm has a market capitalization of $220.81 billion, a P/E ratio of 13.98, a PEG ratio of 0.60 and a beta of 1.11.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company had revenue of $24.75 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the business earned $1.96 EPS. Citigroup’s quarterly revenue was up 14.5% compared to the same quarter last year.

Citigroup announced that its board has approved a share repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Citigroup

In other news, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the transaction, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Citigroup

Several institutional investors and hedge funds have recently made changes to their positions in C. Norges Bank bought a new stake in shares of Citigroup in the fourth quarter worth approximately $2,800,944,000. Vanguard Group Inc. lifted its position in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after purchasing an additional 4,938,923 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in Citigroup during the fourth quarter valued at approximately $298,082,000. SEB Asset Management AB purchased a new stake in Citigroup in the first quarter worth approximately $252,972,000. Finally, SG Americas Securities LLC grew its position in Citigroup by 291.4% in the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after purchasing an additional 2,008,946 shares during the period. Institutional investors own 71.72% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was added to Zacks’ Rank #1 (Strong Buy) list, signaling improving earnings momentum and potentially attracting more near-term buying. New Strong Buy Stocks for July 17th
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Citigroup, reinforcing the view that profits may continue trending higher. Citigroup stock page / analyst estimate update
• Positive Sentiment: Market commentary highlighted Citigroup as one of the standouts in early Q2 bank earnings, alongside peers that beat expectations, which supports the broader bullish case for the shares. Q2 Earnings: 2 Winners and 1 Loser So Far
• Positive Sentiment: Citigroup’s Q2 results beat estimates, with revenue and EPS both coming in above Wall Street forecasts, keeping investor sentiment constructive after the earnings release. Citigroup earnings data
• Neutral Sentiment: Citigroup announced a full redemption of its Series T preferred stock, which is a capital-structure change but not a major operating catalyst by itself. Citigroup Announces Full Redemption of Series T Preferred Stock
• Neutral Sentiment: Several brokerage and market items reiterated or discussed Citigroup’s valuation and relative attractiveness versus peers, adding context but not introducing a major new surprise. Citigroup vs. Wells Fargo: Which Bank Stock Looks Attractive Post Q2 Results?

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.