Citigroup (C) April weekly 62 straddle into quarter results

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Go back to Citigroup (C) April weekly 62 straddle into quarter results

Goldman Keeps Conviction Buy Rating on Citi (C), 'A good start of the year'

April 12, 2024 9:16 AM EDT

Goldman Sachs analyst Richard Ramsden reiterated a Conviction Buy rating and $69.00 price target on Citi (NYSE: C).

The analyst comments "C reported 1Q24 EPS of $1.58 vs GSe/Visible Alpha Consensus Data of $1.04/$1.14, with core EPS of $1.87, above our like estimate of $1.52 (excluding separation costs related divestitures, lending hedges, normalizing the tax rate, adjusting for impairment, FDIC special assessment, and coring out reserve), predominately due to higher fee revenue than the Street had expected, coupled with lower... More