Dallas, Texas 07/15/2013 (Financialstrend) – Citigroup, Inc. (NYSE:C) expands its business overseas into the emerging markets to give an effective diversification of the company’s portfolio, along with many other financial services companies which are expanding their activities since the end of the global financial crisis in 2008. It is reported that many analysts are highly positive for Citigroup, Inc. making the company’s stocks more attractive for investors. A Bloomberg analyst said that Citigroup, Inc. can generate more earnings due to the positive economic developments in the US and the emerging markets. The Federal Reserve said that for the month of May 2013 the consumer debt rose to $19.6 billion at a monthly adjusted value, a rise of 8.3 percent has been recorded over the consumer debt generated for the month of May last year. This report gave positive outlook to many stocks, including that of Citigroup, Inc. (NYSE:C)
Citigroup, Inc. (NYSE:C) is expected to release its second quarter earnings soon. Investors are expecting improvement in Citigroup Inc. (NYSE:C) second-quarter earnings. The opinion is currently at earnings of $1.17 per share, a progression of 17 cents (14.5%) from $1.00 during the corresponding period last year. Analysts predict this quarter will have earnings ranging from $1.08 to a high of $1.24 per share.
Citigroup, Inc. (NYSE:C) shares currently trading at $51.62, up by 1.63%. During the day, the stock was fluctuating between a low intraday price of $51.01 and a high intraday price of $52.16 per share. The stock currently has a 52-week low of $24.91 and a 52-week high of $53.56 per share. Citigroup currently has a market cap of $157.10 billion with around 3.04 billion outstanding shares in the market and institutional ownership of 69 percent of the total equity capital. The stock witnessed active trading in around 26.67 million shares on Friday, while the average level of trading activity for the stock is at 33.06 million shares per day.