NYSE:C

Citigroup Inc. (C)

122.69
+1.65 (1.36%)
as of Oct 27, 2026, 8:00:00 pm Market Closed.
143 watching
0
DON'T BUY

If holding for 7-10 years then this is a level to buy it at. Bear in mind where the US is in the economic recovery. It is on the upswing. Is not interested in this for a shorter term hold.

WAIT

Having a nice rally. He would use a 100 day moving average as the stop. $31.57 right now. A break out would be if it got above $37.92. $38.65 would be where you would start buying. $33.60 would be the stop and where he sees support.

COMMENT

Financial sector has been leading other sectors by quite a bit other than today. News from yesterday’s election has put at bit of a dent in some of the financials. On the one hand, this will benefit from the seemingly recovering housing market but of course they have international operations that may affect it as well. He would prefer the J.P. Morgan (JPM-N) and Goldman Sachs (GS-N) type of banks.

COMMENT

Have a new CEO which is good news. Very cheap. Obviously have some historical issues and they will do better in this environment. He would prefer something like Wells Fargo (WFC-N) or even Bank of America (BAC-N) or J.P. Morgan (JPM-N).

BUY

(Market Call Minute.) Likes the whole US banking sector.

DON'T BUY

He would not be at all interested in owning this one. The large money center banks in the US rely far too much on capital markets to fund themselves. In a period of relative stability, that is okay but this bank would really struggle on any stress in the banking system. Too much risk.

SELL
Had a reverse split, which is commonly followed by the stock trading at half of its original value. This happened in this case.
PAST TOP PICK
(A Top Pick Feb 3/11. Down 47.56%.) Had a 1 for 10 split. At the beginning of the year, he had a forecast that the US economy was doing fine. This was wrong and he sold shortly after.
WEAK BUY
Not looking to credit markets to raise money. There is some promise, but keep it in measure.
COMMENT
You don’t know what policy makers will come out with and how it will affect these types of companies and what will happen with Europe. He is neutral.
TOP PICK
Top Short Short. Sold down to $1, stayed below $5 for close to a year. Did a reverse split so institutions could own it. History of reverse splits is that it goes back to a previous low.
BUY
Has been light on financials, particularly US, but down here, you have more than discounted some of the worst situations. Valuations, relative to BV and earnings are discounting very bad news going forward.
COMMENT
Caller has a 2013 leap call option. This is a bet that in a couple of years, the stock will be significantly higher. Has hated this bank for many years because it has been such an overextended poorly run bank that expanded globally to be a global leader.
PAST TOP PICK
(Top Pick Apr 14/11, Down 9.09%) If you are going to get outsized returns you have to go where there is a block on the company. This one has one of the largest capital rations in the US (10%). They are the only American global bank with retail presence. As they reduce the bad assets by selling at book value, the earnings will improve because the losses from those assets will disappear.
DON'T BUY
Post sub prime, there was a little bit of a lift when most of them paid back their debt. Fundamentally, the financial system in the US is improving but the market is not paying a premium for this yet. US banks need a little more capital flow and loan growth.
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