Investing Money In Citigroup
For over 100 years, Citigroup has been a global leader in commercial and consumer banking. While the company has historically been very strong, their stock has faltered a bit and been quite volatile over the past few years. While investment performance had been up and down recently, now could be a great time to invest in the company.
One reason why now clunks be a great time to invest is that their financial condition is improving greatly. On Monday morning the Citigroup earnings report came out and was very pleasing to analysts and investors. The key statistic highlighted in the report was that the company's net income had greatly exceeded expectations.
Overall, the net income reported by Citigroup in their report was nearly 42 percent higher than what the average analyst projected. Furthermore, their total EPS of $1.25 was sizably better than what the market was expecting. Due to the positive news, the price per share was up over 2 percent during Monday's trading.
For people looking to invest, now could be a great time to invest in Citigroup. The bank's management team is optimistic about both the company and overall economy. Most analysts tend to agree and investors could see strong returns in their investments and also be at to take advantage of the regular dividend payments that the company will make.
Citi Adds Bright Start to Earnings