According to Dividend, Evercore Partners has lowered its third-quarter earnings estimate for Citigroup (C), while maintaining its price target and 'equal weight' rating.
The analysts now expect C to see third-quarter earnings per share of $1.15, down from the previous view of $1.20. For fiscal 2013, earnings per share are expected to be $5.05, down from $5.20. These downward revisions are mostly due to weaker mortgage and capital markets. However, the firm did maintain Citigroup’s fiscal 2014 and 2015 EPS estimates at $5.29 and $5.76, respectively.
