Jim Cramer Shares Why Citi’s (C) Conference Call Was Better Than JPMorgan’s

We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. Citigroup Inc. (NYSE:C) is one of the stocks discussed by Jim Cramer.

Renowned bank Citigroup Inc. (NYSE:C)’s stock is up by 87% over the past year and by 7.8% year-to-date. Bank of America discussed the firm on March 27th as it reiterated a Buy rating and a $140 share price target. BofA’s coverage came amidst reports that Citigroup Inc. (NYSE:C) was interested in mergers and acquisitions and added that the firm should be focused on existing dealings with regulators. RBC Capital bumped Citigroup Inc. (NYSE:C)’s share price target to $139 from $121 and kept an Outperform rating on the shares on April 15th. The financial firm’s coverage came after the bank reported its first-quarter earnings. On the same day, BofA raised the share price target to $150 from $140 and kept its Buy rating. BofA remarked that Citigroup Inc. (NYSE:C)’s latest earnings only added to its conviction that the bank was among the top players in the sector. Cramer also praised the bank and its earnings call:

“Then you go listen to Jane Fraser. And she says, we had an amazing quarter, this grew 16, this grew 30, I like this one, this can get even better. It was like a call from a company that is on the move. And no complaining about the regulations.”

Jim Cramer Shares Why Citi's (C) Conference Call Was Better Than JPMorgan's

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