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Citigroup Inc. (C)

NYSE - NYSE Delayed price. Currency in USD
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60.56-0.77 (-1.26%)
At close: 4:03PM EST
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  • J
    Jim
    What is up with C investing in all sorts of social hot button issues. It is our money they are spending on politically correct investments. I expect a management team to focus on maximizing returns to shareholders, not whatever the latest social justice fad is.
  • 1
    13.8
    Karen Fineman recommended Citi on Fast Money final trade today
  • R
    Ricardo
    Pre market red, hopping that 61 can hold, looks that will be the six day red on a role since earnings.
  • B
    BobbyB
    What is wrong with C stock? Earnings were good but yet the stock craters.
  • r
    ricasanc
    C falling to its 50DMA (58.98) . A flatter yield curve on the 2 to 10 y spread has narrowed , weakness in banks that offer credir services.
  • J
    Joseph
    My last post was truncated but the context of it was that Citi being down 15% since posting a significant beat in EPS though narrowly missing revenues is largely due to the uninspired debut of Jane Frazer on the conference call. Once again an inept Citi lifer who was the CEO is replaced by another Citi lifer as opposed to someone from the outside with a vision to turn around this "titanic" As a former employee it was often said that appointing from within was preferable because the individual was familiar with the Citi culture and the Citi way, a culture that technically should have put Citi out of business in 2008 had it not been too big to fail. So the BOD continues to make the same mistake. The last good CEO Citi had was John Reed. With the upcoming proxy season it's time to let the BOD how shareholders feel and not vote any of them in again. It will at leas send a message.
  • J
    Just
    Large US banks are done with earnings. For now the sector is again vulnerable to market risks. Financial ETF liquidity trading will dictate bank stock prices for a while. Given that financials were very sensitive to market risks before, investors could expect choppy trading on expectations of market corrective moves and hedging. it is a well known fact that market index and financial ETFs are widely used for hedging market risks and could be vulnerable if equity markets fall. So far VIX futures and spot index do not sound alarm but it could happen quite fast given algorithmic nature of market trading these days.

    Looking back at US large bank earnings it is clear what banks are winners and losers. Unfortunately Citigroup shareholders can not claim a laurel wreath and have to wait till management reveals updated strategy and path to higher operational performance. Some support should come from the buybacks but it will do too little if bank is not able to grow business and improve efficiency.
  • R
    Rami
    I never thought they would be able to buy back at these prices. A gift!
  • R
    Rami
    It has become harder and harder to find value in this market. Speculative behavior is at a climax. Citi is one of a few places I see value.
    TBV of $74 and trading at $61.
    Expect $85 in 1 year.
  • R
    RL
    So happy for my prediction and decision 7 month ago. Have been buying from 45 all the way to 55. With buy back on the corner, keep longing. PT 85+
  • R
    Rami
    The dollar is 15% weaker than it was a year ago. One of the factors that will further reward its global status. Accumulate here and expect $85 share price in a year.
  • J
    John
    If Citi were smart they'd buy back couple of million shares just before X-dividend date and save/pocket $.51/share on the purchase, well over a million dollars.
  • J
    Jim
    Lost $7 per share since beating earnings. Meanwhile all Fads continue upward, Tesla, Bitcoin, etc.
  • R
    Ricardo
    Pre market red, banks and C also red, five day on a role red and no news that can change the negative momentum, more than 10% down since earnings , buybacks could put a floor but may start next because of the blackouts period
  • R
    Rami
    2k shares picked up at $59.75. I couldn’t resist adding at this level.
  • m
    man
    Around $60-60.5 is the bottom.
    This is the best time to buy and hold Citigroup.
  • r
    ricasanc
    DIvidend :ex date 01/29 , pay date 02/26 ; $0.51 not even the dividend could help C
  • S
    Slim
    Talk about giving C a break they’re buying back at these prices and before the dividend, man what a gift !!!!!
  • R
    Rami
    I looked through the report and listened to the report.
    I expect With stimulus and vaccine that Citi will release at least another $5 billion from reserve in 2021.
    I expect Citi to buy back 130 million shares in 2021 bringing shares outstanding to 1.95 billion.
    I expect Citi to earn $8.00 EPS in 2021.
    I see tangible book value getting to $80 and Citi share price hitting $85 in 1 year.

    Accumulate at these prices.