Citigroup Inc. (C)

50.55
NYSE : Finance
Prev Close 50.55
Day Low/High 0.00 / 0.00
52 Wk Low/High 32.00 / 83.11
Avg Volume 30.99M
Exchange NYSE
Shares Outstanding 2.08B
Market Cap 105.24B
EPS 8.10
P/E Ratio 6.26
Div & Yield 2.04 (4.05%)

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

A Reason to 'Chase'

A Reason to 'Chase'

CEO Jamie Dimon is back and the firm is in good shape, even if times are rough, so I plan to add on weakness.

Key Takeaways: Another Day of Spastic, Unpredictable Intraday Moves

* The Indexes looked "like death" on multiple occasions today -- the market bent, but didn't break and ended strongly higher by day's end. * To me, short-term trading remains, at best, difficult in a market featured by silly high volatility and rand...

Is Now a Good Time to Buy Banks for the Long Run?

Is Now a Good Time to Buy Banks for the Long Run?

Given the current price pattern in the banks, I see no reason to rush to buy them at this point.

A Trio of Financials That Could Provide Unusual Long Term Value

* Morgan Stanley, Goldman Sachs and Wells Fargo are on deck this morning * Will 2021 mark a renaissance for investment banking and for investment bankers MS and GS? * There is an opportunity today to become a "partner" in Morgan Stanley and/or Goldm...

Long Adds

On the opening I added to my , and longs.

Less Pontification, More Bottom-Up Ideas

* Will be forthcoming... At all times, but particularly during a crisis, circulating bottom-up investment ideas is of paramount importance. Don't get me wrong, a market view is very important - and so is the analytical discussion surrounding that ma...

I Remain Aggressively Long Money Center Banks

* On Monday I analyzed/stress tested BAC (my second favorite bank stock on reward vs. risk basis) * Today I look at revised EPS and price target models for JPM and C (my current favorite bank stock) * I continued to add to my money center bank holdi...

PENN Sold, Adding to 5 Others

I sold out my trading long rental on Penn Gaming  based on the announcement of a refinancing. More later. I added to , , , and this morning.

Bank of America and the Large Money Center Banks Represent Unusual Intermediate Term Value

* Over the weekend I "stress tested" Bank of America's earning projections (and that of the other money center banks) * The Covid-19 inspired recession will result in only about a 5-6 quarter long push back of normalized EPS for BAC * Though earning...

Q2 Earnings Expectations, 4 Key Economic Questions, Trading Abbott Labs

Q2 Earnings Expectations, 4 Key Economic Questions, Trading Abbott Labs

I do believe that having no economy is temporary. I also believe that what comes out on the other side will be smaller, far less global.

I See a Smorgasbord of Possible 'Generational' Opportunities: Constructing an Investment Portfolio for the Next 1-3 Years

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

Bearish Bets: 2 Well-Known Stocks You Should Consider Shorting This Week

Bearish Bets: 2 Well-Known Stocks You Should Consider Shorting This Week

These names are showing both technical and quantitative deterioration.

Market Friendly Developments?

* Ns over Ss! * The lingering impact of COVID-19 on our behavior helps to explain my large long investments in Google, Amazon and Twitter * Banks were the problem in the last recession, they will be part of the solution over the next few years I am ...

Today's (and Yesterday's) Trades

I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .

There's a Worthy Options Play to Be Had With JP Morgan

There's a Worthy Options Play to Be Had With JP Morgan

I'm not willing to stick my neck out right now and take an equity stake.

Added to 6 Stocks

I added to , , , , and this morning.

Buys Today

, , , , , , , , , .

The Other Side of the Moon

"If all we had were roses, would the thorns then be beautiful?" - Grandma Koufax Truths and roses both have thorns about them but patiently travelling and navigating, in a consistent but objective and analytical way (in our markets) often brings on ...

Next Week's Trade of the Week - Buy Citigroup ($63.25)

Citigroup is now my largest individual long holding. Down from over $83, six weeks ago (on January 14, 2020), the shares are trading at $63.25/share. Yes, interest rates have dropped precipitously but that is not likely going to be a permanent condi...

Added to These 6 Longs

I added to the following longs (on the opening): , , , ,  , and .

Messy Markets, Trading Notes, What Now for Microsoft?: Market Recon

Messy Markets, Trading Notes, What Now for Microsoft?: Market Recon

What we have witnessed in recent days would be Wall Street and corporate America in aggregate finding great difficulty in quantifying what is clearly at this point, unknowable.

Back Large in Banks and Some Other Moves

This morning I moved to medium-sized , , and longs. And I moved back to large-sized on and . I have a busy research schedule today (mostly phoners) but I will outline the case for buying early tomorrow morning.

Adding to 6 Stocks

I have added to  , , , , , longs this morning.

GS, BAC and C

I have moved back to large on and (I have been a scale buyer in both). And my position is now medium-sized (also scale buyer lower).

C, BAC Adds

I have added small to my longs in ($70.55) and ($31.55).

Ugly Scenarios, Ugly Stocks, Ugly Bonds... You Get the Picture: Market Recon

Ugly Scenarios, Ugly Stocks, Ugly Bonds... You Get the Picture: Market Recon

Plus, a bit of coaching on how to put your money to work opportunistically amid the uncertainty.

The Market's Structure and a Black Swan (Called Coronavirus) Are a Toxic Cocktail of Risk

* Risk happens fast - as we now take the elevator down * At 4:45 am S&P futures were -90 and Nasdaq futures were -315 handles * Market structure - in which the majority of products and strategies are bullish and lie on "the same side of the boat" - ...

My Recent Moves

I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...

6 Favorite Financials: Value Stocks to Take to the Bank

6 Favorite Financials: Value Stocks to Take to the Bank

These undervalued names fit well in a diversified portfolio.