Why Is Citigroup (C) Up 21.2% Since Last Earnings Report?

Core Viewpoint - Citigroup shares have increased by approximately 21.2% over the past month, outperforming the S&P 500, but there are concerns about whether this positive trend will continue leading up to the next earnings release [1] Estimates Movement - Estimates for Citigroup have trended downward over the past month, indicating a negative shift in expectations [2] VGM Scores - Citigroup currently holds a poor Growth Score of F, a Momentum Score of D, and a Value Score of D, placing it in the bottom 40% for the value investment strategy, resulting in an overall aggregate VGM Score of F [3] Outlook - The downward trend in estimates suggests a negative outlook for Citigroup, which holds a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [4] Industry Performance - Citigroup is part of the Zacks Financial - Investment Bank industry, where Wells Fargo has gained 19.2% over the past month, reporting revenues of $20.15 billion for the last quarter, reflecting a year-over-year decline of 3.4% [5] - Wells Fargo's expected earnings for the current quarter are $1.42 per share, representing a year-over-year increase of 6.8%, with a Zacks Rank of 3 (Hold) and a VGM Score of F [6]