Citigroup Inc (C) announced its most recent quarterly financial results on Friday, Oct-14-2016. C said it had a profit of $1.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.16. The company posted revenue of $17800.00 million in the period, compared to analysts expectations of $17315.59 million. C’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.
Many Wall Street Analysts have commented on Citigroup Inc. Citigroup Inc was Downgraded by Goldman to ” Neutral” on Sep 16, 2016. Citigroup Inc was Downgraded by Societe Generale to ” Sell” on Sep 13, 2016.
Citigroup Inc closed down -0.56 points or -1.13% at $48.99 with 1,60,33,289 shares getting traded on Tuesday. Post opening the session at $49.28, the shares hit an intraday low of $48.69 and an intraday high of $49.65 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.