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Fly News Breaks for January 15, 2020
C
Jan 15, 2020 | 08:04 EDT
Argus analyst Stephen Biggar keeps his Hold rating on Citi in spite of its Q4 earnings beat, saying the outperformance was mainly driven by cost cutting, a lower tax rate, and share buybacks. The analyst adds that the company's "sluggish" revenue growth may prevent valuation expansion for Citi stock in the near term, and that its credit costs, which rose 15% in Q4, need attention.
News For C From the Last 2 Days
C
Apr 19, 2024 | 15:08 EDT
