Citigroup Inc. (C)

52.12
NYSE
Prev Close 50.89
Day Low/High 50.13 / 52.23
52 Wk Low/High 32.00 / 83.11
Exchange NYSE
Shares Outstanding 2081.90B
Market Cap 105.95B
P/E Ratio 8.74
Div & Yield N.A. (N.A)

Latest News

Bank of America Remains Attractive

* BAC is my second favorite bank stock  BAC reported second quarter profits of $0.37/share, well above consensus of $0.29.  The EPS upside was due to a lower than expected loan loss provision ($3.6 billion) and a reduced tax rate - not optimal, from...

Don't Bank on Banc of California's Dividend Staying Intact

Don't Bank on Banc of California's Dividend Staying Intact

The bank was turning in disappointing performances before Covid-19 hit, and the impact of the virus may only make things tougher.

Who Ya Gonna Believe, Them or the Markets' Seductive Lying Eyes?

* Look to the ground (as bank managements are), not to the sky * Most investors should consider taking a "time out" and maintain above average cash reserves  "Who ya gonna believe, me or your lying eyes?" - Groucho Marx, Duck Soup   While the focus ...

Jim Cramer: I Think Goldman Sachs Is an Amazing Buy

Jim Cramer: I Think Goldman Sachs Is an Amazing Buy

The fact that Goldman can make this much money in this environment is extraordinary. It's too cheap.

Citigroup Remains My Favorite Bank Stock

In late June I last updated Citigroup , in Citigroup In A Post Covid World.   Then I wrote:  ...Since then, the world has changed - and so have Citigroup and other banks' share prices. 2020 for Citigroup, as with other large money center banks, will...

Jim Cramer: Here's My Sore Thumb Index

Jim Cramer: Here's My Sore Thumb Index

This is how you can tell which camp is winning and which is losing in this time of Covid-contradiction.

Citigroup Could Continue to Be Just a Trading Affair

Citigroup Could Continue to Be Just a Trading Affair

Here's what what could be in store for the stock after its Q2 earnings report.

Citigroup and Wells Fargo

Citigroup's results, much like that of JPMorgan , shows a nice beat. Wells Fargo , not surprisingly, disappoints. I will have more on both - but I have to digest and go thru a series of conference calls.

The Case for Bank Stocks Remains Strong and Intact

* Bank stocks, viewed as intermediate term investments, are now uncommonly cheap * My June 5 expectation for "backing and filling" in the group has been realized * This week's EPS reports could mark the industry's nadir in operating fundamentals * G...

We'll Be Checking on These Corporate Earnings Next Week

Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...

BYND, NFLX Ratings

Citigroup has initiated a Sell rating on Beyond Meat BYND, and Netflix NFLX was awarded a Street-high price target of $670 at Goldman , up from $540.    

Jim Cramer: Think This Can Go on Forever? Don't Bank on It

Jim Cramer: Think This Can Go on Forever? Don't Bank on It

Wells Fargo, Citigroup and JPMorgan Chase report on July 14, and they will do so at a time when a large group of people are unlikely to make rent.

Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon

Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon

Plus, a closer look at Thursday's late-day rally and at actions impacting the nation's big banks.

Want a Safe Dividend Stock? Look North

Want a Safe Dividend Stock? Look North

The Bank of Nova Scotia is a Canadian bank with a high dividend yield above 5%.

Citigroup in a Post-Covid World

* C remains my favorite bank stock * Though I continue to expect that money center banks will consolidate their recent gains, the intermediate term outlook for the shares of Citigroup and the other large bank stocks remains promising I last visited ...

Where I Stand

* We are all day traders now * After covering my short hedges after the close on Friday I am preparing to reshort the markets * But I will give Mr. Market a wider berth than usual before I short An angry mob of momentum investors pulled down a statu...

Here's How I'm Actively Managing Assets

Here's How I'm Actively Managing Assets

This market is offering trading opportunities the likes of which haven't been seen since early 2009.

An Explanation of Wells Fargo's Challenges and My Bank Stock Strategy

* I remain bullish on banks * Wells Fargo is attractive * The back and filling I expected last Friday is now happening One of the market issues I mentioned this morning was the appearance and comments of Wells Fargo CFO John Shrewsberry at Morgan St...

Wednesday's Takeaways

Something feels "wrong" about this market.  Mr. Market is remarkably bifurcated, there is insane speculation in worthless securities and the breadth seems "shaky" -- among many other issues. I ended the day much shorter than I started the day. Jay P...

British Banks Pledge Loyalty to China on Treason Law; Shareholder Pushes Back

British Banks Pledge Loyalty to China on Treason Law; Shareholder Pushes Back

Beijing demands support from companies in Hong Kong for its treason law if they want to keep doing business there and some big names are complying.

I Have Aggressively Shorted a Package of Speculative and Bankrupt Stocks

* I can not ignore this unusual shorting opportunity * Most should not follow this strategy because it involves a large amount of risk Over the last 24 hours I have shorted a package of what I view as highly speculative (some of which are essentiall...

This Market's High on Hubris, Low on Humility

"Admitting a mistake is not a weakness; on the contrary, it shows an openness of your heart. It takes guts to say sorry. Only a strong and well-balanced individual with clarity of mind can do so effortlessly. Taking responsibility for your actions r...

It May Be Time for Financials to Consolidate a Bit Now

* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...

Trade of the Week - Buy JP Morgan ($89.47)

* Banks stocks are extraordinarily cheap today * In 2008 financials represented a record high 26% of the S&P Index, today they stand at a record low (at close to 7% of the S&P Index) * JP Morgan has a large war chest to absorb loan losses Historical...

Playing Bullishly... For Now

* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...

Equity Returns By Ratings

Certainly "obvious" in this environment, but I thought this to be a good visual from Citi : This is my chart of the day!

I'm Getting Thirsty

* Making some moves now... I have added to . I am reestablishing long positions in $99.90 and $103.70. I am adding to and .   I covered a small amount of my $303 and $101.30 shorts.

7 Preferred Stock and Fund Picks for Solid Income

7 Preferred Stock and Fund Picks for Solid Income

The stock market selloff provides an opportunity to pick up preferred shares at steep discounts to their normal values.