Heartbreak Citi: Analysts Too Bullish

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About: Citigroup Inc. (C), Includes: USB, WFC
by: Richard J. Parsons
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Summary

Analysts love Citi, expecting 48% stock price appreciation.

However, bullish analysts underestimate the cost of Citi's latest problem.

Expect Citi's non-interest expenses to grow faster and revenue to grow slower than peers over next two years.

Citi is a heartbreaker and may be a value trap. Avoiding.

Analysts Love Citi

The 24 analysts who follow Citigroup Inc. (C) are bullish as Table 1 shows. No Sell recommendations. One-year price target is $67 compared to September 17 price of $44.86.

Table