Citigroup Inc (NYSE:C) shares traded -0.11% lower at $64.07 on Wall Street last session.
C stock price is now 5.21% away from the 50-day moving average and 27.41% away from the 200-day moving average. The market capitalization of the company currently stands at $122.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $58 to $60, Evercore ISI maintained In-line rating for Citigroup Inc (NYSE: C). On March 25, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $70 to quote $80, while ‘Goldman’ rates the stock as ‘Buy’
In other news, MORTON ANDREW JOHN, Head of Markets sold 28,096 shares of the company’s stock on Oct 18 ’23. The stock was sold for $1,142,397 at an average price of $40.66. Upon completion of the transaction, the Head of Markets now directly owns 410,060 shares in the company, valued at $26.27 million. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Citigroup Inc has had a low of $38.17 and a high of $64.47.
According to the Banks – Diversified Company, earnings per share came in at 1.33, beating analysts’ expectations of 1.3 by 0.03. This compares to $2.21 EPS in the same period last year. The net profit margin was 4.03% and return on equity was 3.76% for C. The company reported revenue of $36.22 billion for the quarter, compared to $29.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.23 percent. For the current quarter, analysts expect C to generate $20.07B in revenue.
