Hello,
Citigroup currently trading at ($59.23) is trading below our estimate of fair value ($77.38). I however set a target of USD 92.42. earnings are expected to be released in the next few days (14th April 2022) for the period ended March 2022.
I still continue to look closely the impact of the banking system being used as a weapon of war in the Russia-ukraine crisis.
Also key to look at is the impact of the global commodities rising on the banking stocks.
Good luck.
Citigroup currently trading at ($59.23) is trading below our estimate of fair value ($77.38). I however set a target of USD 92.42. earnings are expected to be released in the next few days (14th April 2022) for the period ended March 2022.
I still continue to look closely the impact of the banking system being used as a weapon of war in the Russia-ukraine crisis.
Also key to look at is the impact of the global commodities rising on the banking stocks.
Good luck.
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Twitter: twitter.com/thesharkke
Free in-depth stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Happy trading!