Citigroup Inc. (NYSE:C) ranks among the best financial stocks to buy according to billionaire Israel Englander. RBC Capital reaffirmed an Outperform rating and a $121 price target for Citigroup Inc. (NYSE:C) on January 15, following the bank’s solid quarterly results. The company announced adjusted earnings per share of $1.81, exceeding analysts’ projections of $1.70.
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Citigroup Inc. management indicated confidence in meeting their medium-term goals of 10-11% Return on Tangible Common Equity (ROTCE) in 2026, compared with 7.7% in 2025. The bank’s Services division ranked as its strongest branch, with a 36% ROTCE, which was followed by U.S. Personal Banking at 14%, and Banking at 13%.
Looking ahead, RBC Capital believes that moderate revenue growth and a heavy emphasis on expense management will be the major drivers for Citigroup Inc. to meet its financial goals, noting that, although the targets appear realistic and doable, execution will be critical.
Citigroup Inc. is a diversified financial services holding company that provides a range of products and services to consumers, corporations, governments, and institutions. It operates through five segments: Services, Markets, Banking, US Personal Banking, and Wealth.
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This article is originally published at Insider Monkey.
