Citigroup Inc. (C)

58.62
2.04 3.61
NYSE
Prev Close 56.58
Open 57.56
Day Low/High 57.31 / 58.82
52 Wk Low/High 32.00 / 83.11
Volume 24.60M
Exchange NYSE
Shares Outstanding 2081.96B
Market Cap 119.09B
P/E Ratio 11.17
Div & Yield N.A. (N.A)

Latest News

Some Afternoon Observations  

* My continued mantra is less pontificating and more trading/investing * Considering a short in SPY and QQQ on further strength   * Breadth disappointing (negative - 1475 advancers, 1565 decliners on the NYSE) relative to +25 S&P and +210 Nasdaq * I...

From the Street of Dreams

Citigroup has raised their price target for Amazon to $3,600, citing the strength of 3Q2020 EPS results and better guidance.  I have been adding to Amazon over the last few days. I have also been adding Citigroup !

A Prudent Time to Bet on Big Banks?

A Prudent Time to Bet on Big Banks?

A value investor reviews six big Wall Street banks following their recent strong earnings reports.

Trades

I was active trading yesterday:  * I took a long rental. * I added to , , , , , , , and longs. * I covered small (still medium-sized), (from large-sized to medium-sized), (still medium-sized) and (still medium-sized) shorts. __________  Long GOOGL (...

Buying These Names Now

* And covering small in individual shorts  DJIA, Nasdaq and S&P, down -900 -350 and -100, respectively. My reaction? I am buying more , , , , , and in the last 30 minutes. I have covered small in (still medium-sized), (from large-sized to medium-siz...

2 Positive Bank Industry Developments From Last Night

* Wells Fargo reportedly is exploring the sale of its asset management arm. This is a good development as Wells Fargo considers shedding non-core businesses. * Citigroup declared its normal dividend distribution of $0.51/share. This, too, is a good ...

I Am Shorting Square

* And placing the stock on my Best Ideas List (short) * Large money centers have spent billions of dollars on technology to compete with Square, Pay Pal, et al. * This morning's JPMorgan announcement of point of sale innovation is meaningful   Witho...

Zoom Zooms

The market capitalization of Zoom ($161 billion) today eclipsed that of the combination of Citigroup ($89 billion) and Goldman Sachs ($70 billion).      

Big Bank Bounce? Let's Check the Charts

Big Bank Bounce? Let's Check the Charts

I shouldn't be surprised that I'm getting questions about the banking sector.

Jim Cramer: Hey Washington, Have a Heart for the Millions in the 'Fourth Lane'

Jim Cramer: Hey Washington, Have a Heart for the Millions in the 'Fourth Lane'

Right now our policy on new stimulus is defaulting to 'to heck with the fourth lane' and all who ride on it. That's a crying shame.

PayPal Could Retest its September Low in the Weeks Ahead

PayPal Could Retest its September Low in the Weeks Ahead

Let's review the charts and indictors.

Moved Back to Market Neutral

Here are today's trades:  * I have added to my ($43.83),  ($24.02), and ($24.34) longs on this morning's weakness. * I have added to my ($351.40) and ($295.95) shorts on the early ramp.  As a result of these trades, I have moved to Market Neutral.  ...

Housing-Related Stocks Continue to Build Momentum

Housing-Related Stocks Continue to Build Momentum

A small western homebuilder and a furniture maker are the latest to see their businesses improve amid the pandemic.

Covid Drug Candidates, Buy Eli Lilly? Large Cap Stocks, Tesla Debt Upgrade

Covid Drug Candidates, Buy Eli Lilly? Large Cap Stocks, Tesla Debt Upgrade

Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.

A Day of Rest - But Stocks Continue to Look Bullish

A Day of Rest - But Stocks Continue to Look Bullish

It is logical that stocks consolidate a little as we head into earnings season.

Jim Cramer: Let the Market's Patterns Guide You

Jim Cramer: Let the Market's Patterns Guide You

Some patterns reveal themselves easily, and you can spot them ahead of the computer programs. Here are examples of them, and how to act.

Back of Envelope on the Banks

* Good news on the credit front * My positive bank thesis remains very much intact  * From a near term standpoint, third quarter will likely indicate a topping in loan loss provisions, a continued improvement in fee based income lines (e.g., mortgag...

J&J's Pause, Nasdaq Thumbs Up, Amazon Prime Day, Apple Hi, Speed, Veeva Breakout

J&J's Pause, Nasdaq Thumbs Up, Amazon Prime Day, Apple Hi, Speed, Veeva Breakout

Now, that we have confirmation from the Nasdaq Composite, I think we can say equity markets are indeed back in what I would consider an uptrend.

Big-Cap Technology Regains Its Leadership as Banks Kick Off Earnings Season

Big-Cap Technology Regains Its Leadership as Banks Kick Off Earnings Season

There was some significant rotational action Monday and we'll see if that continues as we move into earnings reports.

JPMorgan and Citigroup Do Not Look Constructive Ahead of Earnings

JPMorgan and Citigroup Do Not Look Constructive Ahead of Earnings

The two money center banks are set to report earnings on Tuesday.

Raised Net Long Exposure Modestly Today

Made some buys this morning - pushing me closer to large-sized than medium-sized.  Bidding for more , , and .      

Citigroup Cut to Neutral at JPMorgan

Jobs and GDP

While today's September Employment Report adds to the pullback in the Citibank Economic Surprise Index... It's interesting to note the New York Fed's Nowcasting Model still sees September-quarter GDP little changed since Sept. 25 even though its for...

DC Do-Over, October Volatility, Positive Technicals, Datadog Breakout, Moderna

DC Do-Over, October Volatility, Positive Technicals, Datadog Breakout, Moderna

Suddenly, both sides realize that they have played politics and the people had noticed. Not those two from Tuesday night. Thankfully.

Knife Catching Is a Dangerous Game

Knife Catching Is a Dangerous Game

Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.

With Q3 Earnings Up Ahead, Can Johnson & Johnson Set the Table?

With Q3 Earnings Up Ahead, Can Johnson & Johnson Set the Table?

I see no reason to flee this name, therefore, I am not.

Stay Cool -- and Prep for Investment Opportunities

* This is not your father's market -- as old rules don't apply   If your trading and investment decisions are based solely on price action (and charts) you should stop reading this column!   Since two Wednesdays ago, I have been looking for a series...

Buy Entry Levels for Banks

Based in part because of the greater confidence I now have in the pivot from growth to value, I am raising my buy entry levels in the four banks I currently own.  Buy Levels Was   Now        $48 $50   $26 $27.50   $95 $100 $25 $26.50