Citigroup Inc. (NYSE:C) [Trend Analysis] regains street interests, as shares jumped down -1.77% on Friday and it traded at $46.11. Citigroup Inc (C) reported that it has decided to pay $425M to decide civil charges that it tried to manipulate interest rate benchmarks. In declaring the settlement on Wednesday, the Commodities Futures Trading Commission said Citigroup affiliates also made false reports in connection with ISDAFIX benchmark rates and dollar Libor rates during the financial crisis to protect its reputation.
The CFTC accused Citigroup of trying to manipulate the benchmarks by certain traders putting in false data to benefit their own trading positions. The various actions occurred between 2007 and 2012. With the Citigroup settlement, the CFTC said it has imposed more than $5 billion in penalties in 17 actions against banks and brokers for manipulating benchmarks for interest rates and foreign exchange. The settlement is the latest in a series of ongoing international probes of global banks.
Moving toward technical analysis, debt to equity ratio stands at 0.99. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 146.10%. Investors looking further ahead will note that the Price to next year’s EPS is 15.99%. The 52-week high of the share price is -24.04% and 52-week low of the share price is 33.72%.
Noting a main crunch of analyst research by WSJ, C under observation of quarterly per share earnings, it has second quarter 2016 trend of $1.19, while in next quarter estimated EPS trend is $1.24 and for annual basis for 2016 estimated EPS is $4.77.
Relatively pool of WSJ analyst issues diverse rating, as for current level it has 21 experts rated as “BUY” security, 3 analyst recommend as “Overweight,” and 6 experts rated as “Hold”.
As for as concerns shares volumes, in share capital Citigroup Inc. (NYSE:C) has 2945.39 million outstanding shares among them 2932.85 million shares have been floated in market exchange. The firm’s institutional ownership remained 73.80% while insider ownership included 0.10%.
The stock showed weekly upbeat performance of 2.33%, which maintained for the month at -2.47%. Likewise the positive performance for the quarter recorded as 16.86% and for the year was -15.13%, while the YTD performance remained at -10.69%.