Citigroup Inc (C) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Jul 8, 2016.
Many Wall Street Analysts have commented on Citigroup Inc. Citigroup Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Apr 18, 2016. Company shares were Reiterated by UBS on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .
On the company’s financial health, Citigroup Inc reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 15, 2016. Analyst had a consensus of $1.05. The company had revenue of $17555.00 million for the quarter, compared to analysts expectations of $17444.17 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.
Citigroup Inc closed down -1.39 points or -3.30% at $40.78 with 2,55,71,075 shares getting traded on Tuesday. Post opening the session at $41.38, the shares hit an intraday low of $40.42 and an intraday high of $41.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on May 26, 2016, Judith Rodin (director) sold 36 shares at $45.80 per share price. According to the SEC, on Apr 21, 2016, W. Bradford Hu (CHIEF RISK OFFICER) sold 9,528 shares at $45.83 per share price. On Feb 12, 2016, William Mills (CEO) purchased 1,000 shares at $912.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Citigroup Inc. (Citi) is a financial services holding company whose businesses provide consumers corporations governments and institutions with financial products and services including consumer banking and credit corporate and investment banking securities brokerage trade and securities services and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking which consists of consumer banking in North America EMEA Latin America and Asia and Institutional Clients Group which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citi’s consumer operations as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.