Citigroup’s (C) balance sheet is expanding at a faster pace thanks to rising deposits and trading assets, as well as its asset management business. The bank is aiming to strengthen its ROE…
Citigroup (C) stock has risen 8.6% over the past six months and 29.8% over the past year. The stock has outperformed peer banking stocks (XLF), helped by improved operating performance,…
Citigroup (C) has maintained an efficiency ratio of 56%–59% over the past few quarters, the lowest among its industry peers (IYF). The ratio reflects the bank’s ability to curb expenses…
US banks (XLF) enjoyed strong trading revenue in 1H17 due to rising equities and improved volatility. However, 2H17 brought subdued volatility and higher equity valuation, resulting in weaker trading revenue. The…
Citigroup’s (C) ICG (Institutional Clients Group) segment derives its revenue from equity, debt underwriting, strategic transaction advice, private banking, and market and security revenue. Trading revenue dampened in the second half…
US commercial banks’ (IYF) net interest margins have expanded amid rising rates in recent quarters. Lower unemployment and rising equity have helped banks garner higher deposits and improve lending activity.…
In this series, we’ll look at Citigroup’s valuation, fundamentals, and investment opportunities following the recent global market rout.
Visa has a premium valuation for multiple reasons. As the trend of digitization is expected to continue, the company could experience further increases in its valuations.
Visa (V) saw a rise of 13% in total operating expenses on a YoY (year-over-year) basis in fiscal 1Q18. It incurred $1.5 billion in expenses in fiscal 1Q18 compared to $1.4 billion a year earlier.
Visa (V) reported total payment volumes of $2.0 trillion in fiscal 1Q18, while in fiscal 1Q17, its payment volumes were $1.8 trillion.
So far in February 2018, Visa (V) has seen a fall in its number of “strong buy” and “buy” ratings compared to the previous month.
In fiscal 1Q18, Visa (V) generated net operating revenue of $4.9 billion compared to $4.5 billion a year earlier, representing a rise of 9%.
Visa (V) posted EPS (earnings per share) of $1.08 in fiscal 1Q18, exceeding analysts’ estimates by $0.10.
After registering the strongest inflows in January, ETFs witnessed huge outflows last week. The YTD inflows have fallen to $51.9 billion.
AIG (AIG) reported a net loss of $6.66 billion in 4Q17—compared to a loss of $3 billion in 4Q16.
Broader markets posted a sharp drop and the financial sector saw more losses. The S&P 500 financial index fell 5.80% and closed at 458.95.
Analysts gave USB a mean price target of $59.5, implying a ~9% rise from its current level of $54.80.
Bancorp’s (USB) stock has risen 3.2% over the past six months and 3.0% over the past year.
Average loans rose in 4Q17 by $925 million on account of increased merger and acquisition activity and stronger customer relationships.
Bancorp’s (USB) provision for credit losses for 4Q17 was $335 million, which was lower by $25 million or 6.9% over 3Q17.