While acquiring equity shares based on one person’s guidance is an incredibly risky approach, it’s possible to make an exception for Warren Buffett stocks. Fundamentally, the legendary investor – known as the Oracle of Omaha – has been around for a long time. Stated differently, he knows how to navigate both bull and bear markets.Another catalyst for targeting the top holdings of Buffett’s conglomerate Berkshire Hathaway (NYSE:BRK-B) is that the investor focuses on viable prospects. He doesn’t mess around w ...

Wall Street analysts forecast that Citigroup (C) will report quarterly earnings of $1.35 per share in its upcoming release, pointing to a year-over-year decline of 27.4%. It is anticipated that revenues will amount to $20.3 billion, exhibiting a decline of 5.4% compared to the year-ago quarter.The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their init ...

Key PointsUncertainty with potential Fed interest rate cuts creates an opportunity for consumer staples stocks to see a leg up.Three names stand out as non-cyclical products with high Wall Street regard.EPS projections, price targets, and price action all boost the potential future of these stocks.5 stocks we like better than CitigroupThe swing is coming in this next market cycle. While markets may have priced in potential interest rate cuts from the Federal Reserve (the Fed), some stocks have yet to reach ...

Citigroup (C) shares have been star performers lately, with the stock not only handily outperforming the S&P 500 index this year (+19.8% vs. +6.3%) but also leading JPMorgan (JPM) (up +16.1%) and Wells Fargo (WFC) (up +16.7%).Citigroup’s performance lead over its peers extends further if we go back a few months, say to the preceding 6-month period, as the chart below shows.Image Source: Zacks Investment ResearchSeeing a perennial laggard like Citigroup show this type of energy and momentum is good. But bele ...

Citigroup (C) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 12. On the o ...

Citigroup (C) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this U.S. bank have returned +5.5%, compared to the Zacks S&P 500 composite's +0.5% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 4%. The key question now is: What could be the stock's future direction?While medi ...

The first quarter of 2024 was the banner one for Citigroup Inc. (C) , with the stock outperforming the S&P 500 Index.This follows the 13.7% rally record by the company last year.Looking at its price performance, it seems that investors are turning bullish on this big bank, owing to its restructuring efforts and upbeat 2024 outlook. Moreover, favorable macroeconomic factors have driven positive sentiments for this bank stock.Notably, of the banks that are part of the S&P 500 Index, only Citigroup, Wells Farg ...

Continuing with its efforts of focusing more on core operations in Asia, HSBC Holdings plc (HSBC) plans to sell its various business units in Germany. The news was first reported by South China Morning Post, citing people familiar with the matter.According to the people familiar with the matter, who asked not to be identified as the talks are private, HSBC has started working with advisers on a review. The talks are at an early stage and it is not yet certain whether a sale will take place.The units in cons ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points: Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.5% from the same period last year on +3.5% higher revenues. This follows the +6.7% earnings growth on +3.9% higher revenues in 2023 Q4. The Tech and Energy sectors are having the opposite e ...

In the latest trading session, Citigroup (C) closed at $61.69, marking a -1.83% move from the previous day. This move lagged the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.23%.Shares of the U.S. bank witnessed a gain of 11.7% over the previous month, beating the performance of the Finance sector with its gain of 2.37% and the S&P 500's gain of 1.5%.Market participants will be closely following the financial results of Citigroup in its upcoming rel ...