Citigroup 1Q profit rises 13 percent, helped by taxes, rates

Citigroup’s stock traders help drive profits at investment bank

Citigroup beats earnings expectations

It fall, as 58 investors sold C shares while 480 reduced holdings. 450 grew holdings while 123 funds took holdings. During the quarter, we returned more than $3 billion in capital to common shareholders which helped drive a significant improvement in earnings per share.

Citigroup Inc. (C) now trades at a 13.27 P/E multiple, with a forward P/E multiple of 9.76.

The volatility value is used by the investors for various reasons and purposes in measuring the fundamental price change and the rate of variation in C's price. First Business Service owns 3,025 shs for 0.04% of their capital. The New York-based Corsair Management Ltd Partnership has invested 0.79% in Citigroup Inc. (NYSE:C). Caprock has 15,069 shs for 0.23% of their capital. Dowling And Yahnke holds 0.55% of its portfolio in Citigroup Inc. (NYSE:C). Gm Advisory Group Inc Inc Inc owns 5,172 shares. Lourd Limited Liability Company invested 0.05% in Citigroup Inc. 7,000 shares were sold by Gerspach John C, worth $542,920. Moreover, Bowling Management Limited Liability Corporation has 0.61% invested in Cummins Inc. (NYSE:C) or 6,466 shares. First Allied Advisory Services holds 0.14% or 47,360 shares in its portfolio. Community Financial Bank Na reported 902 shs or 0.01% of all its holdings.

Since February 27, 2018, it had 0 insider purchases, and 6 insider sales for $4.97 million activity. 8,010 shares valued at $611,804 were sold by Hu W. Bradford on Tuesday, February 27. Shares for $500,666 were sold by Forese James A. on Tuesday, February 27. The insider Callahan Don sold $536,410. (NYSE:C) shares were sold by Fraser Jane Nind. Funds hold 1.99 billion shares thus 2.45% less from 2017Q3's 2.04 billion shares.

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Citigroup Inc C.N reported a 13 percent increase in quarterly profit on Friday, driven by lower taxes and higher consumer banking revenue.

Citigroup said its institutional clients group and global consumer banking segments drove the 3% increase in total revenue year over year, although lower corporate and other revenue partially offset the gains from those divisions. About 8.27 million shares traded. BlackRock Multi-Sector Income Trust (BIT) has declined 2.20% since April 13, 2017 and is downtrending. C outperformed the S&P 500 by 5.51%. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the stock. Therefore 55% are positive.

Wall Street benchmarks bounced higher on Thursday, driven by gains in technology, financial and industrials stocks as shareholders hoped that lower USA taxes could boost first quarter corporate profits. $87.13's average target is 20.80% above currents $72.13 stock price. After a recent check, Citigroup Inc. stock is found to be 2.1% volatile for the week, while 2.54% volatility recorded for the month with ATR of 1.84. Finally, CLSA reaffirmed a "buy" rating and set a $80.00 target price on shares of Citigroup in a research note on Friday, January 13th. Wells Fargo set a $100.00 price objective on shares of Citigroup and gave the company a "buy" rating in a research note on Wednesday, January 17th. The firm has "Buy" rating given on Monday, July 24 by Loop Capital Markets. On Wednesday, February 7 the stock of Citigroup Inc. On Thursday, November 9 the rating was downgraded by Oppenheimer to "Market Perform". The rating was downgraded by Morgan Stanley on Monday, October 26 to "Equal-Weight". The rating was reinitiated by UBS on Wednesday, January 11 with "Sell".

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