Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store


Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

69.21% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Strong Buy for Citibank is Close

Strong Buy for Citibank is Close

Information is not investment advice

Citigroup (CITIGROUP) will release its earnings report on July 15, before the market opens. Analysts expect an EPS of $1.67 per share and total revenue of $18.04 billion. Should you buy the stock?

Last Citigroup results are positive

Citigroup is an investment banking company providing financial services for institutional investors and retail customers. It has around 228 000 employees and a market capitalization of $88.36 billion. After the covid crash in March 2020, the stock had difficulties returning to normal. More to say, the share price didn’t beat the pre-covid high of $83.11.

Citigroup reported 1st quarter 2022 earnings of $2.02 per share on revenue of $21.5 billion. The consensus earnings estimate was $1.74 per share on revenue of $18.5 billion. Revenue fell 1.1% compared to the same quarter a year ago. However, high EPS (a 41.5% increase) was a bullish sign for the stock. After the report, the stock gained 11% before a slide lower.


Since Jane Fraser took over as CEO of Citigroup in early 2021, the bank has been working on a multi-year transformation plan to correct regulatory issues, modernize parts of the bank, and try to boost returns, which have disappointed for years. The bank is working to sell its consumer-banking department in Russia but cannot do so because of the Ukraine invasion. Also, the bank performed badly in the Federal Reserve’s annual stress testing. That means the bank will face higher regulatory capital requirements in 2023.

Citigroup plans to regain the power

As the transition won’t end until 2023, the bank is actively trying to cut poorly-working parts and invest in promising technologies.

First, Citigroup sold its Mexican division, Citibanamex, to free up some capital and potentially lower the regulatory capital requirements. Although it was a profitable unit, Citi is focusing on long-term growth, not urging for instant gains.

Second, analysts have been cutting EPS estimates for most of the six biggest US-based banks but not for Citigroup. The bank EPS expectations rose by 0.8%, followed by JPM with a 0.35 decline. Risks are pretty low for the bank and will likely decrease in the future.

Third and last, Citigroup entered the crypto world and started to invest in metaverses and decentralized applications. I’m a crypto enthusiast and sure that cryptocurrecy inestments will pay off in the future. Moreover, when the fifth-biggest bank in the US makes its move, it knows what it’s doing. 

Citigroup price analysis and forecast

The 23 analysts offering 12-month price forecasts for Citigroup Inc have a median target of 58.00, with a high estimate of 81.00 and a low estimate of 39.00. The median estimate represents a +27.50% increase from the last price of 45.49.


As for the chart, both mid-term and long-term analyses are in tandem with analyst expectations. We see multiple  divergences on the RSI and the price is close to the support trendline (yellow). The daily chart hints about a soon reversal. The question is: how soon will it happen? Even if the earnings report is worse than expected, the stock should hold above the trendline to soar. 

Citigroup daily chart

Resistance: 52.00, 60.00, 80.00

Support: 40.00


The weekly chart is even better than the daily one. Look at the RSI. The mid-term reversal happens every time it goes to the level of 25.00 and lower. The long-term bullish trend hasn’t been broken yet, and we expect Citigroup to reach the level of $80.00 per share (a 76% upside).

Citigroup weekly chart

Resistance: 60.00, 80.00

Support: 40.00, 32.00




Top Stocks to Invest in in 2023

The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.


How Will BoJ Meeting Affect the Yen

Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

Choose your payment system


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later