Can 4Q Earnings Boost Citigroup’s Valuations?

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Can 4Q Earnings Boost Citigroup’s Valuations? PART 1 OF 8

Can 4Q Earnings Boost Citigroup’s Stock?

Upcoming earnings announcement

Citigroup (C) is scheduled to declare its 4Q16 earnings on January 18 before the markets open. Wall Street analysts surveyed by Reuters expect it to post EPS (earnings per share) of $1.12, 6% higher year-over-year.

Can 4Q Earnings Boost Citigroup’s Stock?

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2016 was a rough year for the financial sector. Banks entered 2016 expecting four rounds of interest rate hikes. But things didn’t turn out in their favor. Most banks expect earnings to improve in the fourth quarter as trading activity picked up following Donald Trump’s unexpected presidential victory. The start of the fourth quarter also witnessed improving macro fundamentals. Additionally, the Federal Reserve raised policy rates by 25 basis points, which could ease banks’ margins. Banks, (XLF) which were in the spotlight in 2016, might show easing pressures in their upcoming quarterly results.

In 2016, shares of Citigroup surged 16.2%. In comparison, shares of Goldman Sachs (GS) and Bank of America generated returns of 34.5% and 35.2%, respectively. Meanwhile, Wells Fargo (WFC) and JPMorgan rose 4.2% and 35%, respectively, during the year.

Series overview

In this series, we’ll explore analysts’ expectations for Citigroup’s 4Q16 earnings. We’ll also look at Citigroup’s 4Q16 guidance, the impact of low interest rates on its earnings, valuations, and analyst ratings on the stock. First, let’s look at what the management has to say about Citigroup’s 4Q16 earnings.


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