Did Citigroup's Latest Earnings Change the Investment Case?
The second quarter proved to be a strong one for big banks, which were fueled by a surge in investment banking and mergers and acquisitions, institutional trading, and rising asset levels. But one big bank failed to impress investors despite reporting solid results in Q2: (NYSE: C).
Citigroup stock has tumbled some 7% since the bank reported earnings on July 14. It's surprising given how Citigroup performed, crushing estimates by a wider margin than many of its competitors. But the investment case may have turned negative for many investors on the tepid outlook.
But is this a knee-jerk reaction or a longer-term concern?
Source Fool.com
Citigroup Inc. Aktie
119,42 €
-0,17 %
Die Citigroup Inc. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Das Kursziel von 117 € liegt unter dem aktuellen Kurs von 119.42 € für Citigroup Inc., führt aber zu einem negativen Potenzial von -2.03%.
