Citigroup is slated to report its calendar fourth-quarter results on Tuesday as investors brace for a highly anticipated earnings season.
. J.P. Morgan and Bank of America both rose more than 40% last year, while Wells Fargo advances just 16.8%.
Wells Fargo banking analyst Mike Mayo raised last month his price target on the stock to $97 per share from $85 per share, telling CNBC's "Fast Money" it's his favorite banking stock "." Goldman Sachs also added Citigroup to its conviction buy list last week while Bank of America called it its "pick of the decade."
Still, expectations for Citigroup are high heading into its earnings release. Refinitiv's profit estimate represents a 14% year-over-year jump from $1.61 per share. J.P. Morgan Chase reported fourth-quarter earnings earlier on Tuesday, topping analyst expectations as its bond-trading revenueThis story is developing. Please check back for updates.
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