Citigroup Stock Gears Up for Earnings

The bank stock has an upbeat post-earnings history

Deputy Editor
Oct 12, 2023 at 1:43 PM
facebook X logo linkedin


Citigroup Inc (NYSE:C) is one of several big bank names reporting earnings before the bell tomorrow. Analysts in coverage expect earnings of $1.23 per share, which is below the $1.63 per share the company posted in the same quarter last year, and revenue of $19.3 billion. 

Citigroup stock has a strong post-earnings history, closing lower the next day in just two of its last next-day sessions -- including a 4% drop this past July. Over the last two years, the stock has averaged a 3.5% move the following day, regardless of direction. This time around, the options pits are pricing in a slightly larger swing of 5%. 

C is trading flat ahead of the event, up 0.2% at $41.62 at last glance, and hanging out below familiar pressure at the $42 level. Since the start of the year, the equity is down 7.9%. 

Should the bank announce a strong report, there could be chance of a bull note or two from analysts. Of the 19 analysts in coverage, 13 carry a "hold" or worse rating on C. 

C Oct12

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI