C Projects Higher Q2 IB & Markets Revenues: Fee Income to Benefit?
Citigroup is not the only one that is optimistic about the IB business prospects. At the same conference, Morgan Stanley MS CEO Ted Pick stated that deal-making and equity capital market activity are gaining momentum, with deal discussions remaining resilient and even accelerating in certain sectors. Further, Morgan Stanley is expected to end the second quarter on a solid note. Likewise, Moelis & Company's MC incoming CEO Navid Mahmoodzadegan told investors that the deal-making environment is rebounding, with confidence returning after a temporary pause in April due to U.S. tariff concerns. He further noted that Moelis & Company's deal pipeline is up from April and is as high as "it's ever been at the firm, or close to it.'
Shares of Citigroup have gained 11.3% this year. Morgan Stanley has jumped 4.8% but Moelis & Company declined 21.5% in the same time frame.
YTD Price Performance
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From a valuation standpoint, C trades at a forward price-to-earnings (P/E) ratio of 9.60, below the industry's average of 13.80X.
Price-to-Earnings F12M
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The Zacks Consensus Estimate for C's 2025 and 2026 earnings implies a year-over-year rise of 23% and 25.9%, respectively. The estimates for 2025 and 2026 have been revised upward over the past 30 days.
Estimate Revision Trend
Image Source: Zacks Investment Research
Citigroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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