Analysts have revised their earnings estimates after Citigroup signaled higher expenses in the second half. Second-quarter net profit rose 45 percent from a year earlier, beating expectations, but the stock tumbled 5.3 percent on the 14th. Bank of America's Ebrahim Poonawala raised his efficiency ratio forecast to 60.3 percent from 59.6 percent and lifted his 2026 earnings per share estimate to 11.09 dollars from 10.79 dollars. Jefferies' David Chiaverini lowered his 2026 and 2027 EPS estimates to a range of 10.65 to 12.60 dollars from 10.95 to 12.75 dollars. KBW's Chris McGratty raised his full-year earnings per share estimate to 11.15 dollars from 11 dollars.
Bank of America Corp
Jefferies Financial Group IncCitigroup Inc.Citi signaled higher second-half expenses, causing analysts to revise forecasts and the stock to fall 5.3%.