Company Update: Citigroup Inc (NYSE:C) – Citigroup head of spot FX trading Bibbey resigns -sources

[Reuters] – Citigroup’s global head of spot FX trading Richard Bibbey has resigned, two people familiar with the matter said on Friday. Citigroup appointed Bibbey to a newly created position as global head of spot FX trading in March 2014, adding to his previous role as head of electronic FX trading. Read more on this. Citigroup Inc. (C) , valued at $125.45B, began trading this morning at $42.27. A quick look at the market, the company’s stock traded between $41.76 and $42.59 with a one year range of $34.52 to $60.95. C shares are currently priced at 7.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.30x earnings multiple. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.47%. According to a consensus of 25 analysts, the earnings estimate of $1.24 per share would be $0.27 worse than the year-ago quarter and a $0.26 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.15 would be a $0.20 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.07 Billion. If realized, that would be a 8.78% decrease over the year-ago quarter. Recently, Atlantic Equities downgraded C from Overweight to Neutral (Mar 1, 2016). Previously, Portales Partners upgraded C from Underperform to Sector Perform. The average price target for C shares by the analysts covering it is $56.73, which is 34.21% above where the stock opened. See more in (NYSE:C) Similar Articles: Market Update: Citigroup Inc (NYSE:C) – Citigroup reaches $23 mln ‘ice breaker’ yen Libor settlement Stock Update: Citigroup Inc (NYSE:C) – Citigroup Declares Preferred Dividends Stock Update: Citigroup Inc (NYSE:C) – Citigroup, Ashmore approved to buy Saudi stocks directly -sources