|Day's Range||65.89 - 66.44|
|52 Week Range||42.50 - 68.91|
|PE Ratio (TTM)||13.30|
|Earnings Date||Oct 12, 2017|
|Dividend & Yield||0.80 (1.21%)|
|1y Target Est||70.65|
Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks. Mortgage banking income fell by double digits on a percentage basis at most regional banks that have reported results so far. BB&T Corp posted a 15 percent fall in mortgage banking income, while U.S. Bancorp, the largest regional bank, said revenue from mortgage banking fell 11 percent.
Citigroup (C) has gained 50% during the past 12 months but can it keep the rally going? For now, Citigroup has benefited from its big capital-return plans and cheap valuation, but Credit Suisse analyst Susan Roth Katzke and team contend that it will need to lay out a "credible plan" to getting to a 10% return on tangible common equity. Katzke explains what Citigroup needs to do to get to 10%: Closing the Gap to a 10%+ ROTCE… this relies on accelerating revenue growth and improved efficiency.