- Aprile 27, 2022
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
With over 200 million customers in 160 countries, the New York city-based Citigroup is one of the largest financial services corporations in the world.
Citi recently reported upbeat results for the first quarter of 2022. Revenues for the quarter came in at $19.2 billion, which denotes a decline of roughly 2.5% from the year-ago quarter. However, the figure comfortably surpassed the consensus estimate of $18.15 billion. EPS for the quarter stood at $2.02, down about 44.2% from the prior-year quarter. Yet, it surpassed the consensus estimate of $1.55 per share.
Recently, Cassidy reiterated a Buy rating on the stock with a price target of $65, which implies upside potential of 23.5% from current levels.
The analyst has given the stock a total of 41 ratings. The success rate of his Buy ratings stands at 59%. Further, Cassidy has generated an average profit of 15.5% on this stock.
