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
Not his favourite of the US banks. Have a little trouble getting out of its own weight. Diluted the living daylights out of everything. Would prefer Bank of America or Goldman Sachs.
DON'T BUY
On his watch list. Is waiting for Gov’t to sell off their shares. They have pretty well exited. They are now too big to fail which is a nice backstop. They will survive, but he doesn’t have a good sense as to how they will prosper.
RISKY
Bought last year in TFSA. At $4 he thought it was worth the gamble. He thinks there are significant breakdowns to come, but US banks look somewhat attractive. Bought for himself but would not for clients.
DON'T BUY
Still a big global bank. Gone through the depths of 2008 and was rescued by the government. Have a lot of leverage so it global recovery continues to pick up they’ll be able to take advantage of it. Prefers other US financials.
DON'T BUY
Concerned about severe dilution in 2008. You are looking at a stock at the same multiple as Canadian banks. Would prefer Canadian Banks.
HOLD
Had a big bounce off its lows. If you own it, he would keep it. He would not be surprised if they started to break it up. He doesn’t worn a US bank. He doesn’t know what’s inside C-N
COMMENT
Doesn’t own any US banks. If everything goes smoothly, the best leverage is in the US banks because they have been punished so much. (See Top picks.)
TOP PICK
Amazing global footprint. Tremendous earning power. Immense tax-loss carry forward. 60% of earnings are from outside the US. Will also benefit from the yield curve as the cost of money for them is .25% from the fed and they can turn around and loan that money or buy other securities that yield more than that.
COMMENT
Thinks the whole us banking sector has an opportunity do well over the intermediate to long term. Would prefer Bank Of America (BAC-N) or Goldman Sachs (GS-N).
DON'T BUY
The walking dead. Things are looking a little better but still a high risk bank to own.
BUY
Owns BNS and TD, small weight, for international exposure. 70% of Citigroup’s earnings are from International business. It has overtaken their domestic stuff. There are execution risks, but the stock has been behaving better. This is a good way to get exposure to capital markets in other parts of the world. If it can trade through $5 there is probably a leg up from here.
DON'T BUY
$300 billion market cap before the crisis at $50 a share. Today running at $5 and people feel it is down 90%. Previously had 5 billion shares outstanding and today have almost 30 billion outstanding because government had to buy so many shares to save them. Still trying to fix so many things that were broken. Better places to be.
BUY
Charting wise, it looks great. When you have a recovery in the stock market, financials usually have to be a part of that. Expect dividends will start to increase and there will be an acceleration of earnings.
TOP PICK
5.16% bond callable May 24/22. Trading at a discount. Yielding over 7%. Feels they have made the transformation out of the government’s hands and have divested a lot of non-core assets. Good global franchise.
DON'T BUY
Needs a demonstrable record of risk management. Could go up if they have a good quarter, but it is not his style.
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