Posted 4/3/2024, 9:45:20 PM
Citigroup Stock Slips Despite Market Gains; Q1 Earnings and 2023 Outlook Eyed
- Citigroup (C) stock closed down 1.83% despite market gains; lagged S&P 500, Dow, and Nasdaq
- C stock up 11.7% over last month, beating Finance sector and S&P 500
- Citigroup to announce Q1 2023 earnings on April 12; expected to report lower EPS and revenue vs prior year
- Analysts expect Citigroup's full year 2023 earnings and revenue to decline and grow slightly, respectively
- Citigroup currently a Zacks Rank #3 (Hold) stock with discounted Forward P/E ratio relative to industry average