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Citigroup Inc posts interest update

Citigroup Inc. witnessed a sharp decline in short interest in November month. According to analysts, a short interest amounting 33,875,288 shares was seen as of the month-end November 30th, and fall short by about 7.8% from the November 13th with a total of 36,731,550 shares. It posted about 1.1% shares that were sold short. The short interest ratio registered 2.5 days based on an average daily volume of 13,318,011 shares. 

After the opening bell, shares of Citigroup traded at 52.52 on Wednesday. The market cap of the firm stands at $156.46 billion along with an 11.85 P/E ratio. It posted a 50-day moving average of $53.93, and a 200-day moving average of $54.33. Moreover, it registered a $46.60 12-month low and a $60.95 12-month high. 


The company last announced its financial earnings for the quarter on October 15th. The company reported its quarterly earnings per share of $1.31, exceeding the expected estimate of $1.28 by $0.03. Amid the same quarter prior year, it posted a $0.88 EPS earned. 

The financial service provider has earned about $18.50 billion during the quarter, compared to the expected estimate of $19.27 billion. Its revenue recorded a declined 5.0% compared to the same quarter prior year. On average, analysts are anticipating the Citigroup to post an earnings per share of $5.54 for the current year. 

A dividend for the quarter was currently disclosed, and was paid on November 25th. Stockholders of record on November 2nd were issued a dividend of $0.05. The ex-dividend date was on October 29th, which pertains to a dividend of $0.20 on an annual basis and posted a dividend yield of 0.38%.

Many analysts provided their comments on Citigroup Inc. Vetr cut down the firm’s shares from a “strong-buy” rating to a “buy” and issued a price objective of $58.00 on October 26th. Morgan Stanley downgrade share from a rating of “overweight” into an “equal weight” and assigned a price objective of $67.00 on October 26th. Sanford C. Bernstein reiterated a rating of “buy” on November 26th. Deutsche Bank lowered their price objective from $60.00 to $57.00 on Ocotber 27th. Lastly, Societe Generale reassigned a rating of “hold” and set a price objective of $56.00, which was previously down from $57.00 on November 4th. Three analysts of which have given a rating of a sell, four have issued a rating of hold and twenty-four restated a rating of buy on the company’s stock. It currently has an average rating of “Buy” along with a $63.04 average price objective. 


In other news, the financial service provider hit a price of 53.9 on today’s session according to its financial sector, and has been marked a 2.63% change. The company anticipates a growth in its earnings per share by about -48.40% over the following year. It recently posted a return on investment of 8.00% and currently settled at 1.04 on its debt to equity. The market cap of the firm stands at 156456.56.

Citigroup is a financial service provider which engages in providing business product and service to consumers, corporations, governments and institutions. It includes consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The business is running through two primary business segments which comprise of Global Consumer Banking. It involves consumer banking across North America, EMEA, Latin America and Asia. The Institutional Clients Group, on the other hand, involves Banking and Markets and security services. Citi Holdings are covering businesses as well as asset portfolios that the Company has determined which are not centered to the core of its Citicorp businesses. The consumer operations of Citi, along with the consumer finance business located in Korea and some ICG businesses were formed partly of Citi Holdings. 

As the Citigroup posts an interest update, tons of investors will likely watch out for signals about this company stock. You too can earn bigger profits and execute better trades here at Trade12 by reading the latest market updates on our official website, Striving to become the best forex broker for you, Trade12 reviews daily market events essential to your trading activities to help you develop a keen understanding of certain trends involving stocks, currencies, indices, commodities, and metals. With all the positive Trade12 feedback from clients, you will be assured that your trading account is safe and secured.

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