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Citigroup Inc. (C-PK)

NYSE - NYSE Delayed price. Currency in USD
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28.48-0.07 (-0.25%)
At close: 4:00PM EDT
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  • J
    Just
    When bank stocks do not show daily moves with correlation to real economy stock indexes, higher rates, lower VIX, the market efficiency proponents should hide behind their theoretical and academic believes. The market efficiency theory is too abstract and does not account for interests of certain market forces that act as middlemen rather than business investors and corporate shareholders. I wonder how market efficiency advocates could explain Snap stock price 25% jump on revenue growth, predicted 30% rise in cost and low operational profitability versus banks that even with no growth potential are much more profitable and financially valuable than a company with fortune so highly dependent on advertising revenue.
  • J
    Just
    Citi's stock alpha is hardly to play out till early 2022. Jane said that at the planned investor day the management to issue updated target strategy metrics for accountability and transparency. Until that time Citi is a Market Perform stock and very unlikely to deliver specific positive outcomes to shareholders. It will be traded on macro trends and market beta basis.

    Although the earnings call revealed some strategic details and near term operational trends, it failed to provide basic roadmap to "Excellency" tag that top management likes to communicate publicly. It feels that the team is still working on strategy update while bank heads to exit from consumer businesses and invests in more efficient technology and grow new business lines. There is no indication of current status on transformation, duration of mandatory investment cycle and expected return from such actions.
  • m
    man
    DOW 30 breakthrough 35000 to the new high, we should buy more bank stocks now.
    The rally will start.
    I think DOW 30 could go to 37000, the 10 year bond has developed the ground. so Citigroup will fly.
    Normally, Citigroup requires 3 months to take a break, and then go rally 100%+ for 6-8 months.
    In 2021 winter, the FED could not avoid to increase interest rate. And normally 5 times increasing interest rate in 2022. Citigroup could rise 12-18 months long period after this 3 months break.
    So, In the end of 2022, Citigroup could raise to $200. (We have not calculate the dividend revenue.)

    In the most aggressive mode, 3-4% interest rate to balance the 6% 10 year bonds. The value of Citigroup will be $250+ according to the history.
    This is the reason why Hedge Funds start to buy Citigroup, even it looks so boring for 3 months.
  • m
    man
    Yes, we blame Citigroup has no rally for nearly 3 months.
    If you are long term trader, you know Citigroup worth $200 in the end of 2022.
    What's you feeling now?
  • R
    Rami
    Need to keep buying back at least 1 million shares a day until $75. What a gift that buybacks happening at this level!
  • C
    C. Ray
    And just think Citi finished top of the four big banks today, accidents will happen. I see they took the money out of their cash accounts to pay all the different types of dividends for the Quarter.
  • R
    Rami
    10 year at 1.4%= Citi at $70
    10 year at 1.6%= Citi at $75
    10 year at 1.8%= Citi at $80

    That sums it up for the next 6 months.
  • D
    Daniil
    Zero reaction to buyback, zero reaction to dividends, something strange is happening ....
  • B
    BillyBoy
    i really hope Citi is buying back shares substantially under Tangible book right now and saving over 3.1% yield per share in doing so...
  • C
    C. Ray
    Citi goes down the most and comes back the slowest. A Hostel buyout would be great.
  • R
    Rami
    Wow- that 10 year rate is shooting back up. Back to $68 today??
  • m
    man
    I think $64 is the ground.
    This is prefect to climb 80% to $115, which is the market made target at the end of 2021.
    May be tomorrow still have a storm. I hope $64 could stand strongly.
  • J
    John
    When do they declare the common "dividents"? Also, whats the over/under of Jane surprising us with an amount greater than 51 cents?
  • b
    boeri
    They had some interesting insights about C on (http://Stocks-tracker.com). Definitely made me think twice about the company.
  • o
    osulinnn
    COSTCO credit cards are issued by City Banks.... Berry powerful...
  • J
    Just
    Nothing but stock index option expirations and passive index funds. Quantitative risk trading is moving the markets this summer week. Fund Volume to individual component securities ratio is quite high which is a clear indication what rules the market today and last week.
  • T
    Tambo210
    When you look at today's chart, Jane and Mason need to review their comments and ask themselves how they conducted that CC for it to tank the way it does at 10.25am.

    Not even a slow drop.....

    If you plan on kitchen sinking the results....for god sake, do it in the ER press release.
  • T
    Tambo210
    This guy makes me laugh. Always the most optimistic amongst the analysts

    Oppenheimer analyst Chris Kotowski assigned a Buy rating to Citigroup (C – Research Report) today and set a price target of $114.00. The company’s shares closed last Tuesday at $68.37.
  • m
    man
    The banking stock sleeping for two months, but I find that the real dip may be appeared in the beginning of Aug(May be Aug 6). And then all the bank stocks will go rally to 100% on March 2022.
  • J
    Joe
    Buffet owns BAC, BK, USB, and WFC. With C selling under tangible book I wonder by he wouldn't be buying some?