BMO Capital Sticks to Its Buy Rating for Citigroup (C)

In a report released today, James Fotheringham from BMO Capital maintained a Buy rating on Citigroup (C – Research Report), with a price target of $68.00. The company’s shares closed last Saturday at $49.82.

Fotheringham covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and JPMorgan Chase & Co.. According to TipRanks, Fotheringham has an average return of 13.4% and a 64.23% success rate on recommended stocks.

Currently, the analyst consensus on Citigroup is a Hold with an average price target of $55.50.

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Based on Citigroup’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $18.5 billion and a net profit of $3.48 billion. In comparison, last year the company earned a revenue of $17.46 billion and had a net profit of $4.64 billion

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Founded in 1812, New York-based Citigroup, Inc. is a financial services holding company, which provides financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate/Other.

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