Citigroup Slumps to 60th in Daily Market Rankings as Trading Volume Drops 47.78 Percent
1min read On April 10, 2025, Citigroup's trading volume reached $15.83 billion, a significant decrease of 47.78% compared to the previous day, placing it at the 60th position in the daily market rankings. Citigroup's stock price fell by 3.99%.
Investors are eagerly awaiting Citigroup's first-quarter earnings report, scheduled for April 15, 2025. The banking giant's shares have experienced a decline of 16% year to date, making it an attractive buy for those looking to capitalize on its recent drop from highs. This decline may have already factored in some of the more extreme scenarios, presenting a potential buying opportunity.
Ask Aime: What impact will Citigroup's earnings report have on its stock price?
Citigroup is expected to report its first-quarter 2025 results before the market opens on April 15, 2025. In the fourth quarter, the company saw an increase in total loan balances and solid growth in Investment Banking revenues. However, declines in deposit balances and net interest income were noted. Despite these challenges, citigroup is anticipated to show improvements in both revenue and earnings for the upcoming quarter.
Several factors are expected to influence Citigroup's first-quarter results. The Federal Reserve's decision to keep interest rates unchanged at 4.25-4.5% is likely to support the company's net interest income. Additionally, an uncertain macroeconomic backdrop due to tariff plans may have led to a decent lending scenario, potentially improving the average interest-earning asset balance. However, global merger and acquisition activity underperformed expectations, leading to market volatility and economic uncertainty.
Citigroup's stock has been the subject of various analyst comments. Bank of America recently reduced its price target on Citigroup shares from $90.00 to $89.00 while maintaining a "buy" rating. Morgan Stanley analysts have also expressed optimism, noting that Citigroup's shares are trading below their book value and tangible book value, making share buybacks a profitable option for the bank.
