Citigroup Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Report - Citigroup Inc. is set to release its fourth-quarter earnings results on January 14, 2025, before the market opens [1] - Analysts project earnings of $1.62 per share, an increase from $1.35 per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $20.45 billion, up from $19.58 billion a year earlier [1] Business Operations - On December 29, Citigroup's board approved a plan to sell AO Citibank, completing the exit from its remaining operations in Russia [2] - Following this announcement, Citigroup shares fell by 0.6%, closing at $120.60 [2] Analyst Ratings - Goldman Sachs analyst Richard Ramsden maintained a Buy rating and raised the price target from $113 to $127 [3] - Truist Securities analyst John McDonald also maintained a Buy rating, increasing the price target from $123 to $129 [3] - Wells Fargo analyst Mike Mayo maintained an Overweight rating, raising the price target from $125 to $150 [3] - Barclays analyst Jason Goldberg maintained an Overweight rating, increasing the price target from $115 to $146 [3] - Piper Sandler analyst Scott Siefers maintained an Overweight rating, raising the price target from $120 to $130 [3]