Hence, bank of america corporations priceto book ratio for the period was 1. Hence, citigroups price to tangible book ratio of today is 0. Since intangibles such as goodwill cannot be sold when the. Find out all the key statistics for citigroup, inc.
Book value per share is a good measure to value bank stocks. What to expect when goldman sachs and citigroup report. For a reconciliation of these measures to reported results. Third quarter 2019 results and key metrics citigroup. Can citigroup book value outshine jpmorgan and wells fargo. The tangible book value per share tbvps shows the amount per share that shareholders would expect if the firm was liquidated today. The current price to book ratio for citigroup as of may 04, 2020 is 0. Citigroup book value per share analysis book value per share bs is can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. But citigroup had lower institutional revenue from things like. Many analysts will tell you that tbv is the firms theoretical. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates. Citigroup inc price tangible book value for the quarter ending may 05, 2020 was 0.
Price to book value is a valuation ratio that is measured by stock price book value per share. In depth view into citigroup tangible book value per share including historical data from 1986, charts, stats and industry comps. Citigroup price to book ratio 20062020 c macrotrends. Citigroup reports third quarter 2017 earnings per share of. Citi is trading at tangible book value and at an incredibly attractive earnings multiple. Citigroup inc annualquarterly price tangible book value from 2010 to 2020. C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. For a reconciliation of this measure to reported results, see. How to figure the book value of bank stock finance zacks.
Citigroups significant discount to tangible book value is. Feb, 2020 citigroup q4 earnings beat estimates, revenues escalate. Historical price to book ratio values for citigroup c over the last 10 years. A tangible book value per share tbvps is a method of valuing a company on a per share basis by measuring its equity after removing any intangible assets. Citigroup reports second quarter 2018 financial results. Despite citigroups decision to hike quarterly dividends from 5 cents a share to 16 cents a share over q3 2016 q2 2017, citigroups dividend yield. You can buy them right now for a 34% discount to its tangible book value. Citigroup reports first quarter 2018 financial results. Leverage shares 2x citigroup etp securities investegate 6d. For a reconciliation of this measure to reported results, see appendix e. Warren buffett thinks investors should value citigroup c.
Turnaround story trading at tangible book value nyse. For the composition of citigroups slr, see appendix d. Progress slows at citigroup, but potential remains morningstar. First quarter 2019 results and key metrics citigroup. Tangible book value tbv is calculated by subtracting intangible assets from the companys book value.
Citigroup reports fourth quarter 2018 financial results. C stock citigroup stock price today markets insider. Stock buybacks lowered the global banks share count, helping it beat forecasts for thirdquarter earnings per share. Citigroup reports third quarter 2018 financial results. Hence, citigroup s price to tangible book ratio of today is 0. At quarter end, citigroups cet1 capital ratio was 11. Bank of america also trades below its tangible book value, but its discount is. Citigroup stock is slipping despite earnings beat on stock. During the second quarter 2019, citigroup repurchased 54 million common shares and. Citigroup inc price tangible book value chart for c koyfin. Progress slows at citigroup, but potential remains. Third quarter 2018 results and key metrics citigroup. Of course, the better citigroups turnaround goes and the longer management can continue to grow both the strength of the balance sheet and tangible book value per share despite the brutal banking conditions of today, the greater the chance that this discount will decrease. Citigroups tangible book value per share for the quarter that ended in mar.
Apr 19, 2016 citigroup s significant discount to tangible book value is unjustified. Citigroup c q1 earnings beat estimates on revenue strength. Specifically, tangible book value per share, which is the objective intrinsic i. But citigroup had lower institutional revenue from things like investment. Citigroup trades at book value and under 10 times earnings. For the composition of citigroup s slr, see appendix d. In this scenario, the socalled pricetobook pb ratio is applied with a banks stock price compared to equity book value per share. To arrive at this number, subtract liabilities from assets. The current year tangible asset value is expected to grow to about 2071.
Oct 15, 2019 stock buybacks lowered the global banks share count, helping it beat forecasts for thirdquarter earnings per share. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Why citigroups shares are still trading at a discount to. Citigroup ended the 1st quarter with a cet1 capital ratio of 12. Citigroup s tangible book value per share for the quarter that ended in dec. A few analysts weighed in on citigroup prior to the report. Tbv is frequently used to illustrate how much of a. For the components of the calculation, see appendix a. Citigroups significant discount to tangible book value is unjustified. Warren buffett thinks investors should value citigroup c on.
Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. Citigroup q4 earnings beat estimates, revenues escalate. A tangible book value per share tbvps is a method of valuing a company on a pershare basis by measuring its equity after removing any intangible assets. The tbv excludes a firms intellectual property, patents, and trademarks because these are intangible assets that cannot be easily sold such as property, plant, and equipment. Does citigroup deserve more credit for this bottomline beat.
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