Of 24 brokerages covering Citigroup stock, just nine have a Buy or Strong Buy ratings, and 14 have Hold ratings. At a share price of around $41.80, the upside potential based on a median price target of $47.50 is 13.6%. At the high price target of $81.00, the upside potential is about 93.8%.
Analysts are calling for third-quarter revenue of $19.28 billion. That would be down 0.8% sequentially but up 4.2% year over year. Adjusted EPS are forecast at $1.22, down 11.0% sequentially and down 25.2% year over year. For the full 2023 fiscal year, analysts expect EPS of $5.71, down 19.7%, on revenue of $79 billion, up 4.9%.
Citigroup stock trades at 7.3 times expected 2023 EPS, 7.0 times estimated 2024 earnings of $5.95 and 6.0 times estimated 2025 earnings of $6.93. The 52-week trading range is $39.14 to $53.23, and Citi pays an annual dividend of $2.06 (yield of 4.97%). Its total return to shareholders for the past year was 4.82%.
JPMorgan Chase
The largest (by market cap) of the big U.S. banks is JPMorgan Chase & Co. (NYSE: JPM). It has seen a share price jump of 40% over the past 12 months. Since January, the stock is up about 9.6%.
Like Citi, the lack of borrowing raises JPMorgan’s deposit costs. Analysts forecast net interest income to come in about flat with the second-quarter total. Following its acquisition of First Republic, JPMorgan raised its full-year guidance for net interest income from $84 billion to $87 billion.
Of 25 analysts covering the stock, 16 have a Buy or Strong Buy rating. The other nine rate the stock at Hold. At a trading price of around $147.00, the upside potential based on the median price target of $167.00 is 13.6%. At the high price target of $215.00, the upside potential is 46.3%.
Analysts expect JPMorgan to report third-quarter revenue of $39.38 billion, down 4.7% sequentially but 20.4% higher year over year. Analysts have pegged adjusted earnings per share (EPS) at $3.97, down 16.5% sequentially and up 27.2% year over year. For the full 2023 fiscal year, estimates call for EPS of $16.09, up 33.1%, on revenue of $157.82 billion, up 22.6%.
JPMorgan stock trades at 9.1 times expected 2023 EPS, 9.8 times estimated 2024 earnings of $14.92 and 9.8 times estimated 2025 earnings of $14.98. The 52-week range is $101.28 to $159.38. JPMorgan pays an annual dividend of $4.20 (yield of 2.88%). Total shareholder return for the past 12 months was 43.72%.
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