Citigroup Inc (C)

C (NYSE:Banking) EQUITY
$40.30
pos +0.00
+0.00%
Today's Range: 40.26 - 41.39 | C Avg Daily Volume: 19,723,400
Last Update: 06/24/16 - 4:00 PM EDT
Volume: 0
YTD Performance: -22.13%
Open: $0.00
Previous Close: $44.46
52 Week Range: $34.52 - $60.95
Oustanding Shares: 2,934,929,136
Market Cap: 130,486,949,387
6-Month Chart
TheStreet Ratings Grade for C
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 11 11 11 10
Moderate Buy 1 1 1 2
Hold 4 4 4 3
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.56 1.56 1.56 1.53
Latest Dividend: 0.05
Latest Dividend Yield: 0.45%
Dividend Ex-Date: 04/28/16
Price Earnings Ratio: 8.84
Price Earnings Comparisons:
C Sector Avg. S&P 500
8.84 8.90 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-3.91% -28.87% -11.31%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.70 -0.10 -0.03
Net Income 131.20 1.20 0.30
EPS 145.50 1.20 0.29
Earnings for C:
EBITDA 37.01B
Revenue 88.54B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.17 $1.24 $4.71 $5.43
Number of Analysts 8 6 9 8
High Estimate $1.31 $1.32 $4.97 $5.82
Low Estimate $1.09 $1.11 $4.44 $5.15
Prior Year $1.45 $1.31 $5.35 $4.71
Growth Rate (Year over Year) -19.14% -5.22% -12.00% 15.23%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
The big banks are about to be graded by the toughest of proctors.
It's possible the U.K. vote, whatever the outcome, will trigger a new slide.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. Crude oil climbed to $49.20, up $1.23. Gold slipped by three dollars to $1,291. Agricultural commodities got schmeissed: wheat -7, corn -17, soybean -12 and oats unchanged. Lumber +2. Bonds were hit as the flight to safety dissipated. The yield on the 10-year note rose by five basis points to 1.666% (yikes!) and the long bond increased by an equivalent amount to a 2.47% yield. The 2s/10s spread steepened a bit to 93 basis points. Municipals sold off and so did closed-end muni bond funds. High yield was stronger. Bank stocks prospered, but were well off their early-morning highs. As I mentioned, C is trading under $43 a share after trading over $44. Bank of America (BAC) and JPMorgan Chase (JPM) gains "twittered" away. Insurance stocks rallied, but like banks, were lower than the a.m. levels. Brokerages were better, but they, too, were well off their highs. Retail showed small gains. FL, my short, was up $1 earlier in the day but closed just seven cents higher than Friday's close. Nordstrom (JWN) was up only two bits after some horrible underperformance. Biotech rallied after recent weakness, with iShares Nasdaq Biotechnology ETF (IBB) up $2.30. Energy stocks were higher, but only modestly so -- a continuing theme of the day. Old tech was mixed, with IBM (IBM) $1.60 higher leading the upside. (T)FANG was strong, led by Alphabet (GOOGL), Tesla (TSLA) and Amazon (AMZN). NFLX was lower on the NYT article I mentioned. Agricultural equipment traded higher despite CAT's 42nd consecutive month of lower dealer retail sales. Media was mixed. In individual stocks, Oaktree Capital Group (OAK) and TWTR rose. So did long fav DuPont (DD), but all were only marginally higher after better gains earlier. Apple (AAPL) was a clear underperformer, flat on the day. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) and Material Select Sector SPDR ETF (XLB) were a tad higher. Here is some value-added commentary on the site: Jim "El Capitan" Cramer on a new oil-inspired dynamic in the marketplace.  Jeremy LaKosh on changing inflation expectations. I will be addressing this subject during the week. "Meet" Brett Jensen And "His Son Elroy" on three biotech opportunities.  Rev Shark wants to exit the Brexit chatter .  Sham "The" Gad "And the Pharoahs" on spin-off opportunities. Wooly bully!
Changeover from American Express takes effect Monday.
I think the recent woes for both domestic and non-U.S. bank stocks are "telling a market story" -- and that it's more likely a horror show than a fairy tale.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar got schmeissed after the weak jobs report. Crude oil fell by 70 cents. Gold was up by $30 to $1,242. Agricultural commodities were inconsistent in price change today: wheat +8, corn +2, soybean -7 (after yesterday's huge ramp) and oats -1. Lumber +5. Bonds soared. iShares 20+ Year Treasury Bond ETF (TLT) was up $1.70. The 2s/10s spread stood at 92 basis points; a multiyear low, at 90 bps, occurred yesterday. The 10-year U.S. note dropped by nearly 11 basis points to 1.70% and the 20-year yield fell by seven basis points to 2.52%. Municipal bonds were stronger, as were closed-end muni bond funds. High yield traded slightly higher in price. Blackstone/GSO Strategic Credit Fund (BGB) was flat. Banks were the principal victim of lower rates; I expect a good portion of the spring rally to be retraced this summer. I added to my Financial Select Sector SPDR ETF (XLF) short. Citigroup's (C) management warning weighed on its shares. Jamie Dimon's auto loan warnings also are weighing on the bank sector as well as the auto space as credit quality and future funding issues arose. Brokerages were weak. Insurance stocks got smoked; I remain short Lincoln National (LNC), down $1.50, and MetLife (MET), down $1.40. My long Hartford Financial Services Group (HIG) was down 60 cents. Energy stocks fared better than the commodity drop with only modest losses. Retail exhibited modest price changes -- flat lined, on average. Old media fell back, led by IBM (IBM), down $1.25. Autos continue their weak spell, with both Ford (F) and General Motors (GM) falling to recent lows. Again, value traps. Ag equipment continued to be responsive to a Joy Global (JOY) beat. Both Deere (DE), on a Goldman upgrade, and Caterpillar (CAT) experienced nice gains. Media was flat to slightly lower. In individual stocks, Alibaba (BABA) traded poorly (still!) after its partial distribution by Softbank. Starbucks (SBUX) is still leaving a bitter taste. Apple (AAPL) was up small in a weak tape after a few days of underperformance. The Mighty Oak -- aka Oaktree Capital Group (OAK) -- dropped some leaves. DuPont (DD), my fav long, continues to be a dream coming true. Here are several value-added contributions on Real Money Pro: Jim "El Capitan" Cramer firing some yield-seeking missiles.  Skip Raschke loves gold and has some secrets how to trade it. And Tim "Not Judy or Phil" Collins has some additional thoughts on a trigger to buy gold.  "The Piano Man" RevShark sings about the Fed being a matter of trust.  Versace and Hawkins on what the jobs report might mean for stocks and economic forecasts.
What it means for the Action Alerts PLUS portfolio, and how we are taking advantage. 

Chart Gazing Real Money Pro($)

It's often said that a picture is worth a thousand words, so let's do some chart gazing this morning.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. The price of crude oil rose by a couple of pennies. Gold fell by $1.30 to $1,213 -- still looking weak technically as we move further and further from $1,300. More wild swings to the upside in agricultural commodities:  wheat +9, corn unchanged, soybeans +44 (!!) and oats -1.50. Lumber +3. Bonds stronger in price and lower in yield. The yield curve flattened -- down to about 91 bps. The yield on the 10-year U.S. note dipped by four basis points  (1.807% yield) and the long bond yield declined by four basis points (2.58% yield). Municipals were well-bid, with closed-end muni bond funds higher. The high-yield bond market flat lined. Banks were mixed (they're at important resistance now), insurance sold off -- my long Hartford Financial Services Group (HIG) underperformed and my short Lincoln National (LNC) outperformed! -- and brokerages declined. At a Sanford Bernstein conference a few bank managements said trading activity had modestly improved, but the stocks did not respond. I expanded my Financial Select Sector SPDR ETF (XLF) short today. But, after the close, Citigroup (C) management said while trading is trending somewhat better sequentially, total net income in the second quarter will be similar to the first quarter, which is a disappointment (though no one in media has discussed this). C is trading down by about 40 cents from the close, but on low volume. Retail was strong, led by Macy's (M) and Nordstrom (JWN), each up by over a dollar. Biotech continues to rally, going from goat to hero in the last week. iShares Nasdaq Biotechnology ETF (IBB) was up 1.7%, led by Allergan (AGN), up $4.50, and some more speculative names. Indeed, since my upbeat industry piece on May 24, IBB has increased from $270 to $285 and AGN's shares are up $20. I took off half of my AGN long today for a good gain. Energy stocks were lower, led by two of my shorts, Exxon Mobil (XOM) and Schlumberger (SLB). Old tech was mixed. Agricultural equipment was buoyed by Joy Global's (JOY) beat. Autos were flat. JPMorgan's Jamie Dimon warned about auto loan portfolio risks. Consumer staples were mixed, with Consumer Staples Select Sector SPDR ETF (XLP) flat. I expanded my short. Materials rallied, with Materials Select Sector SPDR ETF (XLB) up 27 cents; I expanded my short. DuPont (DD) is 10% of the index. Media saw limited price changes. I plan to short more Comcast (CMCSA) at current prices over the next few days. (T)FANG was led by an unstoppable Amazon (AMZN), but Alphabet (GOOGL) trailed. In individual stocks, fav long DD was u[ $1.70 as it looks to have an appointment with $70. Starbucks (SBUX), one of my fav large-cap shorts, continues to break down. Twitter (TWTR) was up a bit (see Tim Collins below). The Mighty Oak, Oaktree Capital Group (OAK), weakened. Here are some value added columns posted on Real Money Pro today: Jim "El Capitan" Cramer on wilting rationality and the Bear Market in Complacency.  Anders Keitz summarizes the bull/bear argument on Apple (AAPL).  Tim "Not Judy or Phil" Collins got me thinking on Twitter. 
The chart picture and technical indicators suggest the "men at work" sign remains out on Park Avenue.

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