CitiGroup | StockChase
530
CitiGroup (C-N)

Last Price Recorded: $71.3300 on 2017-11-17

ON STOCKCHASE SINCE Jan 2001

holding company

insurance

CitiGroup


Signal Opinion Expert

2017-11-08

COMMENT
CitiGroup (C-N)

There is still fear coming out of the 08-09 financial crisis. Every quarter the company keeps building on their BV and improving their ROE. They are beyond the point where they are worried about troubled assets. Just had an investors day, which they hadn't hosted in a number of years. It was coming out to the market saying they had really turned the corner. Have set a very achievable target of $9 per share in earnings by 2020, well above today’s $5.25. Thinks the stock continues to grind higher as they move towards their plan.

insurance
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $72.340
Owned: Yes

2017-10-26

COMMENT
CitiGroup (C-N)

Banks are levered by about 10 to 1. In the heydays of 2007, they were levered over 30 to 1, which is why many of them collapsed. A 10 to 1 leverage is a lot of leverage. They are good as long as the depositors don’t pull out the deposits. This bank is not back to where it was. They did a huge reverse split. He would suggest risk-adverse clients stay away from banks.

insurance
John Burke

CEO & CIO, Burke Financial Strategies

Price: $73.790
Owned: Unknown

2017-10-24

COMMENT
CitiGroup (C-N)

He would lump this in with Bank of America (BAC-N). The difference between the 2 is that this one has a more global presence. The balance sheet is really strong right now. They are returning cash to shareholders, and everything is moving in the right direction.

insurance
John Petrides

Managing Dir. & Portfolio Manager, Point View Wealth Management

Price: $74.240
Owned: Unknown

2017-10-17

TOP PICK
CitiGroup (C-N)

Had a nice pullback to EBV -2. Dividend yield of 1.8% which had been increased in the June quarter by 100%. Thought they would increase it again, but are probably waiting for year-end. Relative to their earnings, it is only paying out 23%. We are coming out of the financial repression and getting higher interest rates. (Analysts’ price target is $78.75.)

insurance
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $72.190
Owned: Yes

2017-10-12

TOP PICK
CitiGroup (C-N)

Given that we are going to have tighter monetary policies and a potential tax return and a lighter regulatory environment, a name like this will benefit. You can expect a very substantial shareholder capital return going forward. In June they announced a plan to repurchase $15.6 billion of shares back. Have doubled their dividend from $.16 to $.32 on a quarterly basis. This is very global which differentiates them from the other banks. Over 40% of revenues come from emerging markets. Trading at 4.97X Price to Book, which is a big discount to other names. Dividend yield of 1.7% will probably continue to move higher. (Analysts’ price target is $75.)

insurance
Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $72.370
Owned: Yes

2017-09-20

COMMENT
CitiGroup (C-N)

He would prefer Wells Fargo (WFC-N) or J.P. Morgan (JPM-N). Wells Fargo is more of a retail focused bank and has been under pressure because of some of the news items on opening of accounts. J.P. Morgan is more of a conglomerate bank of investment and retail. It is less focused on international markets, which he views as a positive.

insurance
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $71.460
Owned: Unknown

2017-09-19

PAST TOP PICK
CitiGroup (C-N)

(A Top Pick Oct 18/16. Up 47%.) With the Fed moving, and the banks repairing their balance sheets, he knew things were going to get better.

insurance
Gordon Reid

President, GoodReid Investment Counsel

Price: $71.150
Owned: Yes

2017-09-18

HOLD
CitiGroup (C-N)

It is one of the most global banks we have.  It is not his favourite bank to own.  On a valuation basis there is probably upside, but these banks could easily get cut in half if we ever get a correction.

insurance
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $70.600
Owned: Unknown

2017-08-10

COMMENT
CitiGroup (C-N)

Which US bank do you like the best? This is the one she owns, so is the one she picks. The huge story on the banks is the capital return. They’ve been making a lot of money, but haven’t been able to pay it out. Capital ratios have been improving, and now they’ve been given the green light to give it back. This bank had an analysts’ day, the first one in 9 years, meaning they probably had something to say. They have pretty aggressive plans. Got rid of a lot of assets that don’t make sense, and focused on what they feel they can be really good at. Set some pretty good targets for their EPS number going out to 2019-2020. Some of that is improvements within the business. They are one of the most overcapitalized banks with the most to give back to shareholders.

insurance
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $67.220
Owned: Yes

2017-08-04

TOP PICK
CitiGroup (C-N)

He is positive on the "too big to fail banks". They’ve repealed Dodd Franks. There has already been an expansion in their balance sheet in the last quarter. Dividend yield of 1.9%, which is expected to climb. (Analysts price target is $73.)

insurance
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $68.980
Owned: Yes

2017-07-21

PAST TOP PICK
CitiGroup (C-N)

(A Top Pick Aug 11/16. Up 45.6%.) He likes the US financials. Also the Fed has indicated that they want to keep on boosting interest rates up.

insurance
Ross Healy

Chairman, Strategic Analysis Corp

Price: $66.000
Owned: Yes

2017-07-20

BUY
CitiGroup (C-N)

All of the US financials stand to benefit from a rising rate environment as well as a relaxed regulatory environment. This is the one he would think is more accelerated to these new environments. You should have US banks in your portfolio.

insurance
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $66.360
Owned: Unknown

2017-07-18

COMMENT
CitiGroup (C-N)

If he had to pick one US bank right now, it would be this. The stock consolidated from December through May, broke out, had a nice little pull back, and then broke out again. This is very attractive for a number of reasons. It gets you exposure to global banking. They are taking market share, because they are well capitalized. You are going to get a significant capital return by way of share buybacks and increased dividends.

insurance
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $66.890
Owned: Unknown

2017-07-13

BUY
CitiGroup (C-N)

Trades at a little less than BV. He likes US banks, specifically some of the money centred banks like this one and J.P. Morgan (JPM-N). They are in very good shape and have lots of capital. They can increase dividends and buy back shares. It is the right environment to own these things, and you are not paying a lot for them. (See Top Picks.)

insurance
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $67.020
Owned: Unknown

2017-07-12

COMMENT
CitiGroup (C-N)

This is really a play on the US economy and a recovery in the financial sector. They’ve done various share consolidation, and the stock has done quite well. They are finally getting their house in order. Prefers Wells Fargo (WFC-N) whose yields are higher.

insurance
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $66.920
Owned: No

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