Market Update: Citigroup Inc (NYSE:C) – 2015-2016 HKU-Citibank University Banking Course Concludes Successfully

[Business Wire] – HONG KONG–(BUSINESSWIRE)– Citi ( NYSE:C ) and the University of Hong Kong (HKU) today jointly announced the successful completion of the HKU–Citibank University Banking Course 2015-2016. At the graduation ceremony held today, 48 students from the HKU were presented with a certificate for completing the three-month program, which consists of a series of lectures taught by senior bankers at Citi Hong Kong. Among the participants, four were selected to receive the “Outstanding Achievement Award.” These four students will have the opportunity to join Citi Kong Kong’s 2016 summer internship program and put their newly-acquired skills into practice. Read more on this. Citigroup Inc. (C) , valued at $134.57B, started trading this morning at $45.42. Shares have traded today between $45.28 and $45.93 per share with a one year range of $34.52 to $60.95. C shares are currently priced at 9.48x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.75x earnings multiple for the same period. And for income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.45%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $1.20 per share, which would be $0.31 worse than the year-ago quarter and a $0.14 sequential decrease. The full-year EPS estimate is $4.76, which would be a $0.59 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.92 Billion. If realized, that would be a 6.47% decrease over the year-ago quarter. More recently, Keefe Bruyette downgraded C from Outperform to Mkt Perform (Apr 18, 2016). Previously, Atlantic Equities downgraded C from Overweight to Neutral. Investors should keep in mind is that the average price target is $56.38, which is 24.13% above where the stock opened this morning. See more in (NYSE:C) Similar Articles: Stock Update (NYSE:C): Citigroup Reports First Quarter 2016 Earnings Per Share of $1.10 Market Update: Citigroup Inc (NYSE:C) – Citi appoints new corporate banking head in Canada Market Update: Citigroup Inc (NYSE:C) – Proud Sponsor of Progress: Citi Teams Up With Eight U.S. Athletes as Part of its Team USA Sponsorship for Rio 2016
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