Citigroup: EPS above Credit Suisse's estimates.
(CercleFinance.com) - Citigroup on Friday reported EPS that are "very much higher" than Credit Suisse's expectations, with the Swiss bank confirming its "outperform" recommendation and target price of 83 dollars on the US bank.
Citigroup posted Q3 EPS of 1.42 dollar per share, while Credit Suisse was expecting 1.25 dollar.
The share's fall is therefore a priori due to credit card forecasts (lower net interest margin and higher short-term losses), Credit Suisse says.
Credit Suisse has raised its FY 2017 EPS forecast from 5.15 dollars to 5.30 dollars per share and has confirmed its forecasts for 2018 and 2019, at 5.85 dollars and 6.50 dollars respectively.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Citigroup posted Q3 EPS of 1.42 dollar per share, while Credit Suisse was expecting 1.25 dollar.
The share's fall is therefore a priori due to credit card forecasts (lower net interest margin and higher short-term losses), Credit Suisse says.
Credit Suisse has raised its FY 2017 EPS forecast from 5.15 dollars to 5.30 dollars per share and has confirmed its forecasts for 2018 and 2019, at 5.85 dollars and 6.50 dollars respectively.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.