Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Citigroup, and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][4]. Group 1: Citigroup's Brokerage Recommendations - Citigroup has an average brokerage recommendation (ABR) of 1.67, indicating a consensus between Strong Buy and Buy, based on 21 brokerage firms [2]. - Out of the 21 recommendations, 13 are Strong Buy and 2 are Buy, which account for 61.9% and 9.5% of all recommendations respectively [2]. Group 2: Limitations of Brokerage Recommendations - Brokerage analysts tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a higher number of Strong Buy recommendations compared to Strong Sell [5][9]. - The interests of brokerage firms may not align with those of retail investors, which can result in misleading insights regarding a stock's future price movements [6]. Group 3: Zacks Rank as an Alternative Tool - The Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term stock price performance compared to ABR [7][10]. - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in analysts' earnings estimates, which can better indicate future price movements [11]. Group 4: Citigroup's Earnings Estimates - The Zacks Consensus Estimate for Citigroup has increased by 4.4% over the past month to $7.51, indicating growing optimism among analysts regarding the company's earnings prospects [12]. - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for Citigroup, suggesting a potential for stock price appreciation [13].

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a met ...

Citigroup (C) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this U.S. bank have returned +14.6%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Financial - Investment Bank industry, which Citigroup falls in, has gained 9.9%. The key question now is: What could be the stock's future direction?Although media reports ...

Company Performance - Citigroup has made significant progress toward its multiyear turnaround goals, with a credible chance of achieving double-digit ROTCE (Return on Tangible Common Equity) in the future [1] Analyst Position - The analyst holds a beneficial long position in shares of JPM and TFC through stock ownership, options, or other derivatives [1] Disclosure - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with mentioned companies [1]

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Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 22nd:JPMorgan Chase & Co. (JPM) : This financial services giant has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 1.9%, compared with the industry average of 0.9%.Citigroup Inc. (C) : This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings ...

Lawsuit Overview - Citibank faces a New York state lawsuit for allegedly failing to protect and reimburse fraud victims [1] - A federal judge rejected Citibank's request to dismiss the lawsuit, ruling that the Electronic Fund Transfer Act (EFTA) applies to unauthorized wire transfers through Citibank's consumer accounts [1][2] Allegations Against Citibank - Citibank allegedly lacked protections against account takeovers and misled customers about their rights during account hacks [3] - The bank is accused of unlawfully denying reimbursements to fraud victims [3] - The lawsuit claims Citibank must reimburse fraud victims under the EFTA due to offering wire transfers online and through mobile apps [4] Citibank's Response - Citibank expressed disappointment with the court's decision, stating its industry-standard practices have long been recognized as compliant with applicable law [3] - The bank emphasized its adherence to wire transfer laws, fraud prevention efforts, and assistance in client loss recovery [4] - Citibank highlighted proactive measures to safeguard accounts, including security protocols, fraud prevention tools, and client education [5] Industry Context - The lawsuit highlights the broader issue of wire fraud, which has surged industry-wide in recent years [5] - Citibank's case underscores the importance of robust fraud prevention and customer protection measures in the banking sector [3][5]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Citigroup Head of Banking and Executive Vice Chair Vis Raghavan said a new regulatory regime has companies in the United States shopping for deals.Much of this search is happening overseas, Raghavan told Bloomberg in an interview Tuesday (Jan. 21). It’s the latest example of post-election enthusiasm on Wall Street for a revival in dealmaking.In addition to an expected rollback of regulations by the new President Donald Trump administration, Raghavan said a strong dollar and a growing gap in the multiples at ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...