|Day Low/High||72.44 / 74.05|
|52 Wk Low/High||60.05 / 83.11|
It is likely time to build a long position in GS, but only on my terms.
vincent whitehead Doug, Did Tobias have anything to say? Reply Tobias Levkovich expressed a cautiously optimistic economic and market view. Anyone that is a client of Citigroup should try to secure his handout: Exploiting the Gap Between Fundamenta...
If you simply must own a bank, my thought is to buy Citigroup.
In a Dickensian twist, both AAPL and GS could get a big boost from analysts' Low Expectations on the Apple Card.
This market has repudiated the idea of owning 'value' stocks. But these banks are value names, and here is why.
Here are today's key observations: * Bonds continued to rise in price and sell off in yield. The 10-year U.S. note yield dropped by another five basis points and is now slightly below 2.40%. My long standing and contrarian target of 2.25% is close a...
The Fed is now caught in its own policy - hooked by the drug of cheap money. The yield on the 10 year U.S. note is under 2.54%. The dovish Fed policy announcement will likely help, over the near term, growth names ( , and ) and hurt rate sensitive ...
I think sometimes the best way to parse the temperament is to go over the most obviously 'wrong' moves and address why they might not be wrong at all.
Here are some of my individual buy levels of stocks that I want to add to or reestablish on weakness: * $157.50 * $1625 * $1150 * $42 * $55 * $46 * $46.50 * $182.50 * $31 * $40 * $23 * $65 * $16.75 * $35 * $27.75 * $60 * $95 * $48 * $87.50 Note: Lon...
The wholesale club's solid results are encouraging analysts to raise their price targets.
Why Citigroup's underperformance versus the S&P 500 and the XLF will likely continue.
Jefferies upgraded Citigroup this morning. After an initial jump, C is now in the red in a green market. This may be supportive of my notion in this morning's bank post that the stocks are going to tread water to move lower over the short term. That...
The China-U.S. trade talks scheduled for Friday helped buoy the market into Friday's trading.
After languishing for months, share of Freeport-McMoRan are on a tear.
* The bank merger of BB&T and SunTrust is a one-off and is a very modest negative for the existing and large money-center banks BB&T and SunTrust Banks have announced a $66 billion merger of equals intended to create the country's sixth-largest bank...
They are still so much lower than they were before Jay Powell went wayward.
Covered and then reshorted Added to my , and shorts (moved to medium-sized from neutral) Bought some SPY puts (maturing at the close) Bought small Sold some (after the run from the low $40s -moved from medium to small) I was a bit over my skiis long...
From smaller regional banks and business development companies to financial services firms and global asset managers, nine experts choose their top picks for the year.
The banks are strong today after, for the most part, struggling through a mixed week. Bank of America I feel had the most impressive earnings. Citigroup perhaps the least impressive. Don't forget that Citi has more foreign exposure than BAC, and i...
Banks' quarterly reports mean quarterly grades are due.
Investors are starting to realize that these banks are making the most money they ever have and are doing so with less risk.
The S&P 500 is hitting big psychological resistance in the form of the 50-day simple moving average on the SPY.
Here are tools for gauging the state of the U.S. and global economies and how they could impact the markets.
Break in. Bank of America has a big beat on the bottom and top lines. Stated simply, BankAmerica out Citigroup's Citigroup !
A few more days of rallying and we will be on quicksand -- without some actual, genuine, earnings beats and raises. JP Morgan is a prime example.
They may represent the single most attractive industry group in the S&P Index.
* In a richly valued market, banks represent uncommon value * Banking industry profits are now generating a reasonably high return on investment (ROI) despite a very tough operating environment * Given the freezing up in the capital markets in Decem...
* A good EQ EPS print * Ambitious return goals for 2019 and 2020 may augur for a much higher share price * I have an $80 price target within the next two years I have not yet seen any of Wall Street's sell-side research reports, but I strongly suspe...