Citigroup stock price traders are watching CitiGroup stock

Traders are watching CitiGroup stock price for a potential move above $64.00, which could trigger momentum algorithms and short-covering activity in the banking sector. Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost C's consensus estimate, increasing from $7.57 to $7.61 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period. NEW YORK – In a significant step towards Citi’s divestiture of Banamex, Citi today announced that a company wholly-owned by Fernando Chico Pardo and members of his immediate family has agreed to purchase from Citi an equity stake in Grupo Financiero Banamex, S.A. de C.V. (“Banamex”). CitiGroup stock price hovers near a critical range, with options market activity indicating heightened investor positioning ahead of quarterly reports.