Citigroup Inc. (NYSE:C) is included among the 13 Bank Stocks with Highest Dividends.
On April 6, Goldman Sachs analyst Richard Ramsden raised the firm’s price target on Citigroup Inc. (NYSE:C) to $137 from $123, while keeping a Buy rating on the stock. The change came as part of a broader note looking ahead to Q1 results for the banking sector. He pointed out that valuations now look more appealing after a 7% drop earlier this year. That decline was driven entirely by multiple compressions, which have brought valuations back closer to their historical range.
Goldman also noted where investor attention is likely to land. The focus is expected to be on net interest income trends, potential pressure on capital markets revenue due to recent volatility, and how higher energy prices could affect credit quality and provisioning.
Citigroup Inc. (NYSE:C) is a global diversified financial services holding company that provides consumers, corporations, governments, and institutions with a broad range of financial products and services. Its core business activities include investment banking, retail banking, securities brokerage, transaction services, and wealth management.
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finance.yahoo.com
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