Citigroup Credit Card Charge-Offs 2.03 % In Aug; Credit Card Delinquency Rate 1.29% At Aug End

Shares of banking companies are trading lower amid overall market weakness after Fed Chairman Warsh took a hawkish tone in his press conference and Q&A session after the FOMC rate hike.

BAC Warns of Q3 Capital Markets Weakness: Will Fee Income Take a Hit?

Bank of America expects Q3 investment banking fees of $1.6-$1.8B, down ~15% year-over-year, with trading revenues flat. However, wealth management AUM fees projected to rise 10-15% should offset some weakness. CEO Moynihan noted a 'very strong' deal pipeline, suggesting the slowdown may be timing-related rather than structural.

Citigroup (C) Suffers a Larger Drop Than the General Market: Key Insights

Citigroup closed down 1.9%, underperforming the S&P 500's 0.48% loss on September 14, 2026. Despite the daily decline, the stock has outperformed its sector over the past month. Analysts expect strong earnings growth of 19.2% YoY for the upcoming October 13 earnings report, with full-year projections showing 40.53% EPS growth. Citigroup holds a Zacks Rank #2 (Buy) with a favorable Forward P/E ratio of 12.39, trading at a discount to its industry average.