Erste Group Bank Predicts Citigroup FY2026 Earnings

Key Points

• Erste Group Bank raised Citigroup’s FY2026 EPS forecast to $11.35 from $11.20, while projecting FY2027 EPS of $12.89; the FY2026 consensus stands at $11.42.
• Citigroup exceeded quarterly expectations, reporting $2.85 EPS versus the $2.66 consensus and $23.84 billion in revenue. The company also declared a quarterly dividend of $0.67, equivalent to a 2.2% annualized yield.
• Despite a “Moderate Buy” consensus rating and average analyst price target of $150.79, shares opened at $122.43 and remained below their 50-day and 200-day moving averages amid broader risk-off sentiment.

Citigroup Inc. (NYSE:C - Free Report) - Erste Group Bank raised their FY2026 earnings estimates for shares of Citigroup in a research note issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $11.35 per share for the year, up from their previous forecast of $11.20. The consensus estimate for Citigroup's current full-year earnings is $11.42 per share. Erste Group Bank also issued estimates for Citigroup's FY2027 earnings at $12.89 EPS.

C has been the topic of several other reports. Evercore set a $135.00 target price on shares of Citigroup in a research note on Wednesday, October 14th. Weiss Ratings lowered Citigroup from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 2nd. HSBC began coverage on Citigroup in a report on Monday, September 28th. They issued a "buy" rating and a $164.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Citigroup from $149.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada dropped their price objective on Citigroup from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $150.79.

Citigroup Stock Down 1.1%

C opened at $122.43 on Friday. The company has a fifty day moving average of $131.60 and a two-hundred day moving average of $132.16. The stock has a market capitalization of $208.81 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.54 and a beta of 1.13. Citigroup has a fifty-two week low of $95.83 and a fifty-two week high of $147.96. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.99 and a current ratio of 1.00.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Citigroup's payout ratio is presently 26.15%.

Institutional Investors Weigh In On Citigroup

Several large investors have recently bought and sold shares of the company. Compass Financial Management LLC acquired a new stake in Citigroup during the second quarter worth $898,000. Andra AP fonden lifted its stake in shares of Citigroup by 22.3% in the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company's stock valued at $38,433,000 after purchasing an additional 50,100 shares during the last quarter. Saudi Central Bank lifted its stake in shares of Citigroup by 80.8% in the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company's stock valued at $16,710,000 after purchasing an additional 53,348 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Citigroup by 30.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company's stock worth $18,467,000 after purchasing an additional 31,007 shares during the period. Finally, State Street Corp grew its holdings in shares of Citigroup by 3.7% during the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company's stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s board elected James “Jim” Flanagan as an independent director on October 21. The appointment may modestly support governance and board oversight, although it is unlikely to be a major near-term earnings catalyst. Citigroup Elects James Flanagan as Independent Director
• Positive Sentiment: Citi is providing Nebius Group with a $3.5 billion, 364-day senior secured financing facility priced at SOFR plus 275 basis points. The transaction highlights Citi’s corporate and investment-banking capabilities and could generate interest and fee income, though it also creates lending exposure. Nebius Secures $3.5 Billion Financing Facility With Citi
• Neutral Sentiment: Citi’s report on Singapore’s wealthy clients points to growing assets among affluent customers, potentially supporting wealth-management activity. However, the article provides no new financial guidance or quantified impact for Citigroup. Singapore’s Wealthy Clients See Growing Assets, Citi Report Says
• Negative Sentiment: Broader risk-off sentiment is weighing on financial stocks. Warnings about a possible market correction, inflation, weak economic growth and expensive AI financing are encouraging investors to reduce risk, while Citi remains below both its 50-day and 200-day moving averages. Peter Schiff Warns of Possible Stock Market Crash

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi's consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.

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