Citigroup (NYSE:C) reported Q4 EPS of $0.04, missing consensus estimates of $0.07 per share. Revenues for the quarter were $18.4 billion, missing consensus estimates of $20.5 billion.
"2010 was a year full of milestones and was critical for the turnaround of this institution," said Vikram Pandit, Chief Executive Officer of Citigroup. "Our goal was to achieve consistent profitability and I am very pleased that with our fourth consecutive profitable quarter, we earned $10.6 billion for the year."
Citigroup has a potential upside of 8.5% based on a current price of $5.13 and an average consensus analyst price target of $5.57.
Citigroup is currently above its 50-day moving average (MA) of $4.58 and above its 200-day of $4.19.
In the last five trading sessions, the 50-day MA has climbed 1.88% while the 200-day MA has risen 0.51%.
Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company's services include investment banking, retail brokerage, corporate banking, and cash management products and services.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup