Earnings Watch: Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) reported earnings for the three months ended Mar2016 on April 15, 2016. The company earned $1.1 per share on revenue of $17.56B. Analysts had been modeling earning per share of $1.03 with $17.46B in revenue.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. It operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. This segment also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. In addition, it offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients. Further, this segment provides fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services. As of December 31, 2015, it operated 2,994 branches in 24 countries. The Citi Holdings segment provides consumer loans; portfolio of securities, loans, and other assets; and retail alternative investment and other services. Citigroup Inc. was founded in 1812 and is based in New York, New York.

Citigroup Inc. earnings per share showed an increasing trend of 146.1% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 549%.Analysts project EPS growth over the next 5 years at 5.02%. It has EPS annual growth over the past 5 fiscal years of 8.9% when sales grew 1.8. It reported -3% sales drop, and -26.7% EPS decline in the last quarter.

The stock is trading at $46.57, up 35.05% from 52-week low of $34.52. The stock trades down -23.28% from its peak of $60.95 and 20.49% above the consensus price target of $56.11. Its volume clocked up at 21.4 million shares which is higher than the average volume of 20.3 million shares. Its market capitalization currently stands at $136.71B.