Market Update (NYSE:C): Today’s Review on Money Center Banks Equities — Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 27, 2016 / Park Lane Advisor has initiated coverage on the following equities: Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Company … Read more on this. Citigroup Inc. (C) , valued at $119.86B, started trading this morning at $40.37. Looking at the equity, the company’s one day range is $40.23 to $40.76 with a trailing 52-week range being $39.44 to $60.95. Priced at 7.50x this year’s forecasted earnings, C shares are relatively inexpensive compared to the industry ’s 13.27x forward p/e ratio. The company pays shareholders $0.20 per share in dividend income per year, for a current yield of 0.49%. According to a consensus of 24 analysts, the earnings estimate of $1.38 per share would be $0.13 worse than the year-ago quarter and a $0.12 sequential decrease. Investors should also note that the full-year EPS estimate of $5.40 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.77 Billion. If reported, that would be a 5.25% decrease over the year-ago quarter. Recently, Portales Partners upgraded C from Underperform to Sector Perform (Jan 7, 2016). Previously, Morgan Stanley downgraded C from Overweight to Equal-Weight. Investors should keep in mind is that the average price target is $59.42, which is 47.19% above where the stock opened this morning. See more in (NYSE:C) Similar Articles: Company Update (NYSE:BAC): Today’s Review on Money Center Banks Equities — Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase Company Update: Wells Fargo & Co (NYSE:WFC) – American Red Cross: ‘Thank You’ to Wells Fargo Customers Who Donated $300,000 for California Wildfire Relief Through Bank’s ATM Network Market Update: Citigroup Inc (NYSE:C) – Citigroup Announces Expiration and Final Tender Results of Offers to Purchase Specified Series of Outstanding Notes