Citi Trims Microsoft Target
The bank still expects strong quarterly results, helped by Azure and Copilot demand.
| Ticker |
C
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| CIK | 0000831001 |
| SIC | 6021 |
| Sector | Finance, Insurance, And Real Estate |
| Industry Category | Banking |
| Industry Group | National Commercial Banks |
| Address | 388 GREENWICH STREET, NEW YORK, NY, 10013 |
| Website | citigroup.com |
| Phone | 2125591000 |
| CEO | Jane N. Fraser |
| Employees | 240,000 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Citi Trims Microsoft TargetThe bank still expects strong quarterly results, helped by Azure and Copilot demand. Banks’ Blowout Earnings Steal the Spotlight from Big Tech—for NowWall Street cleared this earnings season’s first major hurdle with room to spare, as the nation’s biggest banks pummeled profit forecasts. “Bank earnings are often described as a scoreboard for the financial sector,” said Ruben Dalfovo, investment strategist at Saxo Bank. “They are more useful as an economic medical examination, and the early numbers suggest the patient remains active, and dealmaking appears healthier.” Citigroup (C) Stock Could Be Trading Below Fair Value TodayCitigroup has more than tripled over the past three years, yet its intrinsic value estimate from the Excess Returns model still sits below the current share price by a wide margin, while earnings-based multiples look closer to fair and the broader valuation checks come out mixed. Citigroup has returned 212.7% over the past three years, which puts extra focus on whether today’s price already reflects the turnaround and recent banking sector optimism. Progress on Citi’s multi-year... Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and MarvellA single report on Chinese memory chip makers sent Micron tumbling and pulled Intel, AMD, and Marvell down with it, raising a question traders need to answer fast: is this a sector-wide buying opportunity or the start of something bigger? Citigroup's Best Quarterly Revenue in a Decade Supports Turnaround, RBC SaysCitigroup's (C) better-than-expected Q2 results, with the bank delivering its best quarterly revenue |