Citigroup Inc. (C)

65.50
1.40 2.10
NYSE
Prev Close 66.93
Open 66.69
Day Low/High 65.10 / 66.84
52 Wk Low/High 57.40 / 80.29
Volume 15.80M
Exchange NYSE
Shares Outstanding 1984.27B
Market Cap 132.81B
P/E Ratio 12.57
Div & Yield N.A. (N.A)

Latest News

Two Moves

I paid $65 for more and initiated a long at $161.80.

Tech Beatdown, Technical Tightrope, Treasury Spreads, Fed Out in Force

Tech Beatdown, Technical Tightrope, Treasury Spreads, Fed Out in Force

Plus, many economists don't seem to understand the term "full employment" and earnings season kicks off.

Closed Out My JPM Short

* In premarket Housekeeping item.   I was short JPMorgan Chase against long Citigroup in a pairs trade.    It has worked out well and I just covered JPM at $161.90 in premarket trading.

As More Economic News Hits, the Market Is Struggling to Hold Up

As More Economic News Hits, the Market Is Struggling to Hold Up

Thursday there will be another reading on inflation when the PPI report is released as well as weekly unemployment numbers.

Citi's Rise

Last week's "Trade of the Week," Citigroup  , continues to be the world's fair.

Citi Moves Higher

In a sea of red, our "Trade of the Week" - Citigroup - is more than +$5/share since Monday.

Being the Obstetrician and the Mortician in One Week!

* There is nothing wrong with taking a trading profit on a portion of your trading position in C now Early Monday I made Citigroup my Trade of the Week - the shares traded $61- $61.5 at the week's opening.  The shares are now trading $64.63, reflect...

Reviewing Our Bank Pairs Trade

On Tuesday I initiated a pairs trade - Long /Short :  Jan 04, 2022 ' 01:50 PM EST DOUG KASS Pairs Trade I just added to (C) at $63.70 and shorted (JPM) against it at $168.05.  Taking into account the payment of a $1 JPM dividend this week, C is trad...

Citigroup

Adding to .

Why I Like Pairs Trading

A pairs trade is a trading strategy that involves matching a long position with a short position in two stocks with a high correlation.  As I am of the view, at the very least, that the Bull Market is aging - a pairs trade provides an opportunity to...

Pairs Trade

I just added to at $63.70 and shorted against it at $168.05.

The Market's B-Team Names Bounce

The Market's B-Team Names Bounce

We're seeing laggards rise, while some S&P stars are sliding.

The One Thing Certain About the Market in 2022: Great Trading Opportunities

The One Thing Certain About the Market in 2022: Great Trading Opportunities

We don't know where the market will be a year from now, but we will have plenty of ups and downs to trade if we stay focused.

Trade of the Week - Buy Citigroup

I suspect Citigroup had been pressured by significant tax selling over the last few weeks of 2021.  For this reason and for the reasons mentioned in these two posts from last week (here and here), I expect Citigroup's shares to rally this month.  I ...

Today's Trades

Added to , and .   (If nothing else I am consistent).

More on Citigroup  

A deeper dive into Citigroup's asset composition reveals that C's asset quality, contrary to consensus, is robust, the bank is remarkably liquid, its balance sheet is strong, and it's less of a non U.S. bank than generally realized:  * Total loans a...

Citigroup: Too Cheap to Ignore?

* Market participants appear to be waiting until Citigroup's divestiture program from a number of foreign markets is fully completed * Redeploying those assets into buybacks, with the shares at a large discount to book value, makes a lot of financia...

Doug Kass: Could the Setup for 2022 Portend an End to the 12-Year Bull Run?

Doug Kass: Could the Setup for 2022 Portend an End to the 12-Year Bull Run?

Fiscal and monetary policy is no longer unbounded and we're likely well past the points of peak economic activity and peak liquidity.

Coming Soon: Citigroup

I am going to highlight Citigroup  - the pros and cons - in my Diary tomorrow, so I will be making some calls over the next hour or so as part of the diligence process.  Radio silence during that period.

Could the Setup for 2022 Portend an End to the 12-Year Bull Run?

* The setup for 2022 is far different than 2021. * After a lengthy period of unbounded fiscal and monetary largesse we are exiting peak economic activity and peak liquidity * Sell strength and buy weakness? * The growth and narrow market performance...

C Short Calls

This morning I covered my short calls for January, 2022.

More C

I am bidding for more Citigroup .

Adding to Citigroup

Citigroup's shares are down -$20/share from its 52 week high.  At under 7x 2023 my projected EPS, I believe the shares represent an extraordinary buy.  Though the bank has temporarily ceased its share repurchase program, reflecting changes in deriva...

The Banking Sector

Bank stocks have been disappointing over the last few months.  However, over the last few trading days, I sense some renewed interest in the sector - and a short term rally would not be surprising.  I have been buying, for investment, what I think i...

Today's Trades

* I have covered my short at $467.41. * I covered my short at $157.94. * Broad-based increase in my and individual cannabis names. * Added to at $30.36. * Added to  at $59.90. * Bidding for more under the market.

Today's Trades

I added to and longs.  Citigroup is down off a neutral initiation - concerns about buyback being delayed until 1Q, discussed earlier this week. Rather than buy more I have called an audible and I have shorted some against my C long. I have recently ...

C Green

Citigroup is back green. One of my favorite stocks for 2022.

Today's Trades

Added to at $61.87 and to at $31.08. Shorted more at $468.87.