Stock Update: Citigroup Inc (NYSE:C) – Why banking and work-life balance don’t mix

Citigroup Inc (NYSE:C) [at Fortune] – By Sanjay Sanghoee Citigroup, the nation’s third-largest bank, is giving its junior bankers a break from Wall Street’s infamously rigorous work hours. In a memo last week, the bank told its underlings …
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Citigroup Inc. (C), currently valued at $141.75B, started trading this morning at $47.00.
 
During the trading session, C traded between $46.72 to $47.49 and has traded between $40.28 and $55.28 over the past year.
 
C shares are currently priced at 9.23x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.97x forward p/e ratio.
 
The company pays shareholders $0.04 per share annually in dividends, yielding 0.10%.
 
In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $1.33 per share, which would be $0.10 better than the year-ago quarter and a $0.12 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.02 is a $0.63 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.20 Billion. If realized, that would be a 1.42% decrease over the year-ago quarter.
 
More recently, Deutsche Bank downgraded C from Buy to Hold (Dec 5, 2013). Previously, UBS upgraded C from Neutral to Buy.
 
When considering if perhaps the stock is under or overvalued, the average price target is $60.53, which is 28.79% above where the stock opened this morning.
 
Citigroup Inc (NYSE:C), is a diversified financial services holding company, provides various financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, wealth management and transaction services to consumers, corporations, governments and institutions worldwide.
 
Tag Helper ~ Stock Code: C | Common Company name: Citigroup | Full Company name: Citigroup Inc (NYSE:C) .

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