Citi stock surged 44% YTD with strong Q3 earnings, optimistic about future growth

From Nasdaq: 2024-12-10 23:59:56

Citigroup (C) stock has surged 44% YTD, outperforming the S&P 500. Q3 earnings beat expectations with $20.3 billion revenue and $3.2 billion net income. Despite some challenges, Citi is optimistic about future growth, especially with potential improvements in net interest income and loan delinquency rates.

In contrast, C stock has underperformed in recent years, while the Trefis High Quality (HQ) Portfolio has consistently outperformed the S&P 500. With potential stabilization in loan delinquencies and a focus on streamlining operations, Citi aims to improve its performance and address regulatory issues.

The financial sector could benefit from a second term for President Trump, with expectations of deregulation and tax cuts. This could boost banks’ revenues and profitability, including Citi. With current uncertainties around interest rates and geopolitical tensions, Citi remains fairly valued at around $72 per share. Investors should monitor how these factors impact the stock’s performance.



Read more at Nasdaq: What’s Happening With Citi Stock?