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Citigroup Inc. (C)

NYSE - NYSE Delayed price. Currency in USD
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62.76-1.05 (-1.65%)
At close: 04:02PM EST
63.00 +0.24 (+0.38%)
After hours: 07:59PM EST
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  • D
    Danica
    "Morgan Stanley gave Citigroup a $82 PT today. Regardless of their change to an Equal Weight rating, Citigroup is still trading significantly under its book value. I'm a buyer at these levels."
    https://twitter.com/expandingmatter/status/1467923215997718535?s=20
  • T
    Tacker
    Why hasn't Citigroup's management announce an increase in stock buybacks? They would make a great profit, gives the investor base confidence, and they have a healthy enough balance sheet to easily support it. What the hell are they waiting for?
  • J
    Just
    Citigroup upgraded Morgan Stanley last week or so. Now Morgan downgraded Citi.

    The recent comments from CFO in Business Insider are not encouraging for shareholders who have hoped for faster transformational change. Now Mark Mason clearly mentioned that technology investments Citi ran for now almost a decade would take longer time to pay off. Over 10 year span the budget cost for technology has doubled. It is now a must spend and sits deep in running operational cost for the bank that has benefited very little so far from such long term investments. At the same time every rival has done much better both in terms of business performance, technology spend, competitiveness, efficiency and return on capital. On investor day in March next year I expect nothing but the same strategic and abstract stories about excellency with high level uncertainty whether bank could achieve this management goals. If the Fed and current legislation were not in place, someone could argue about selling the bank to a better operator or merging Citi with other financial institution. It has just been excessively long turnaround with no visible outcome.
  • A
    Aditya
    Trading right now will be at every wise individual list. In few weeks you will be ecstatic with the decision you make today
  • c
    c
    Every dollar C spends in buybacks returns a minimum 1.21 in value to shareholders as its 21% under TBV. The lower the price the better it gets. Also every share they buy saves another 0.51 every qtr in dividends no longer paid on those shares. 83 million shares bought back last 2 qtrs is 41.5 million in savings this qtr. A drop in the bucket for a 125B company but its adding up quickly. This qtr will be better. As long as the FCF covers operations, dividends and buybacks and it does then all Jane has to do is not crash the ship. Let the coil spring under C get tighter and tighter because one day it will explode. Maybe Jan 14th or maybe the qtr after but unless disaster happens this is as undervalued a stock as you can find on the market today. Im long 63.80 and dont care if it keeps dropping on no news because Im 95% sure it will see 80+ in 2022. Keep dropping its better for all 3-12 months down the line.
  • J
    Just
    The problem is not that Morgan Stanley lowered PT to 82 or Citi is trading at 63. The problem is that "Equal Weight" downgrade on lack of catalysts throws the stock into the hands of algorithms and other quants. Investors usually do not buy the stock with less alpha especially in the market driven by momentum and flow trading from ETF liquidity providers and quants. These market participants buy and sell stocks not for active investments with longer holding. They buy and sell for market beta trading and fee collections staying fully hedged. It is an issue for business investors and shareholders even at current price.
  • A
    Art
    Morgan Stanley would "Down Grade" it's mother! They are the most NEGATIVE ratings bank on Wall Street!
  • f
    felix
    At this level, Citigroup's dividend yield is now over 3%, which is a very respectable yield in general and higher than any of the other three megabanks. This is good passive income to collect while waiting for the transformation to fully take place. While Citigroup will most likely do more share repurchases than dividend hikes while trading so low, the dividend could certainly grow in the future.
  • f
    felix
    28 September 2021
    Wells Fargo (WFC) - Get Wells Fargo & Company Report was downgraded to equal weight from overweight by Morgan Stanley amid valuation concern and the bank’s continuing regulatory issues.
    Morgan Stanley trimmed its share-price target to $46 from $49.

    PS. NOW check the share price of the WFC and you'll be surprised.... as the price above the target !
    This means Citigroup shares should be $82 now !
  • J
    John
    The way I read Morgan Stanley's take on Citi is: Citi is cheap, cheap , cheap at $63 and should be selling for almost $20/share more at $82 , their new target price for Citi.
  • f
    felix
    12/06/21 Morgan Stanley Downgrades Equal-Weight 82.0
    10/11/21 Jefferies Maintains Buy 87.0
    7/29/21 Morgan Stanley Maintains Overweight 91.0
    7/19/21 Credit Suisse Maintains Outperform 82.0
    7/15/21 Piper Sandler Maintains Overweight 91.0
    6/16/21 Credit Suisse Maintains Outperform 83.0
    6/08/21 Wells Fargo Maintains Overweight 95.0
    4/16/21 Argus Research Maintains Buy 87.0
    4/13/21 Morgan Stanley Maintains Overweight 89.0
    4/09/21 Jefferies Maintains Buy 85.0
  • J
    John
    I'm actually hoping that Citi has NOT been buying back stock this quarter. It is the only decent explanation for the FIRE SALE going on at JANES HOUSE!!!!
  • G
    Greg
    Whole Banking sector up 2%+ except Citi. Too much International exposure/risk?? What's holding this one back?
  • R
    Ricardo
    Jane its going to be happy if C finished green
  • R
    Robert 24
    Everyone points to C's high book value, but it seems every time they sell an asset or leave a market there is a significant write down.
    I question the validity of the book value.
  • f
    felix
    Australia’s Chief Medical Officer Paul Kelly also said in a recorded message that there wasn’t any indication that the Omicron variant was more deadly than other strains: “Of the over 300 cases that have now been diagnosed in many countries, they have all been very mild or in fact had no symptoms at all.”
    Merck noted that its molnupiravir antiviral pill should perform similarly against Omicron as against other existing variants.
    Drugmaker GlaxoSmithKline reported Thursday that in early testing, COVID-19 antibody treatment were effective against new mutations found in the variant, and that they were now conducting in vitro testing to confirm this further.
    Omicron would follow the historic pattern of viruses where less severe and more transmissible viruses crowd out severe variants, eventually making the disease more akin to a seasonal flu than a deadly pandemic.
  • C
    C. Ray
    Citi is down 19.87% in the last 6 months and the News CEO hasn't said anything but its going to be an ugly winter. Her transformation need to include her being fired if she has not bought back 25% of the stock that been sold in the past 3 months. I really dough that she has done that.
  • M
    Mark
    Man, that investor day is way off. No wonder Citi gets no love. Looks undervalued. Are they done with buybacks?? Higher dividend yield at least, wish they had raised it.
  • C
    C. Ray
    Like normal Citi is the lowers/slowest of the banks to recover. That puts Citi as NFG.
  • S
    Slim
    MS down grades why ?? Then gives an 82 price target when it’s 62 ??? I would have at least a buy rating or a lot lower price target!!!😩😩😩