NYSE:C
72.45
0.09
(0.12%)
Citigroup Inc. or Citi is an American multinational investment banking and financial services corporation headquartered in Manhattan, New York City.
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Analysis and Opinions about C-N
Signal
Opinion
Expert
COMMENT
COMMENT
January 15, 2020
BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.
COMMENT
COMMENT
January 10, 2020
BAC-N vs C-N? When Donald Trump became President, he bought both these stocks. He thinks BAC-N can go to $36.84 and stays around his definition of book value. C-N has moved up on positive fundamentals and he sees $114 as value. He would prefer C over BAC-N. Both should do well in the long run.
BUY
BUY
December 27, 2019
He likes BoA over CitiGroup. They’re one of the leading mortgage providers and this segment will benefit them. They’ve also done a great job cleaning the house. (Analysts’ price target is $35.00)
Show full opinionHide full opinionHe likes BoA over CitiGroup. They’re one of the leading mortgage providers and this segment will benefit them. They’ve also done a great job cleaning the house. (Analysts’ price target is $35.00)
TOP PICK
TOP PICK
November 27, 2019
CEO has done a great job. Returning lots of capital to shareholders. Trading at 75% of book value. Good opportunity, and limited downside. Yield is 2.69%. (Analysts’ price target is $83.60)
Show full opinionHide full opinionCEO has done a great job. Returning lots of capital to shareholders. Trading at 75% of book value. Good opportunity, and limited downside. Yield is 2.69%. (Analysts’ price target is $83.60)
PAST TOP PICK
PAST TOP PICK
October 17, 2019
(A Top Pick Oct 03/18, Down 1%) Not as bullish on US financials. Has lightened up on the group. Financials generally like steepening yield curves. Likes Citi on its valuation. Management getting better. Compelling long-term hold. Quality + price = value.
Show full opinionHide full opinion(A Top Pick Oct 03/18, Down 1%) Not as bullish on US financials. Has lightened up on the group. Financials generally like steepening yield curves. Likes Citi on its valuation. Management getting better. Compelling long-term hold. Quality + price = value.
PAST TOP PICK
PAST TOP PICK
September 18, 2019
(A Top Pick Oct 03/18, Down 0.4%) It's trading at a big discount to its book value, at 1x tangible book value vs. not only its peers but its own history. They've done everything right, like passing the stress test. They're buying back ($15.6 billion of shares last year), and pay a good dividend yield
Show full opinionHide full opinion(A Top Pick Oct 03/18, Down 0.4%) It's trading at a big discount to its book value, at 1x tangible book value vs. not only its peers but its own history. They've done everything right, like passing the stress test. They're buying back ($15.6 billion of shares last year), and pay a good dividend yield
DON'T BUY
DON'T BUY
September 3, 2019
If bond yields continue to slide in the US or globally, this sector will continue to feel pressure. Not good for Citibank. Now, though, valuations are good with US banks. It's good to have monetary easing pre-emptively (now) and not later helps US banks. Be very careful in this sector; there is unprecedented global debt.
Show full opinionHide full opinionIf bond yields continue to slide in the US or globally, this sector will continue to feel pressure. Not good for Citibank. Now, though, valuations are good with US banks. It's good to have monetary easing pre-emptively (now) and not later helps US banks. Be very careful in this sector; there is unprecedented global debt.
TOP PICK
TOP PICK
July 18, 2019
They just beat. Cheap name. Compelling on a price to growth basis. If Fed lowers, headwinds should become tailwinds. Play on the cycle lasting longer. Yield is 2.84%. (Analysts’ price target is $80.88)
Show full opinionHide full opinionThey just beat. Cheap name. Compelling on a price to growth basis. If Fed lowers, headwinds should become tailwinds. Play on the cycle lasting longer. Yield is 2.84%. (Analysts’ price target is $80.88)
BUY
BUY
June 21, 2019
BAC vs. Citigroup if a recession happens He owns both, but he prefers Citigroup, because it has a lower valuation, trading below tangible book value and pays a higher dividend. Citi is viewed as an international bank, whereas BAC is viewed as American. The upside is better at Citi in the coming years.
BAC vs. Citigroup if a recession happens He owns both, but he prefers Citigroup, because it has a lower valuation, trading below tangible book value and pays a higher dividend. Citi is viewed as an international bank, whereas BAC is viewed as American. The upside is better at Citi in the coming years.
PAST TOP PICK
PAST TOP PICK
April 23, 2019
(A Top Pick Jun 18/18, Up 3%) He sold all his American banks. Citi is well-run, but they are globally exposed and there are clouds on the global horizon. He prefers Canadian banks which are less exposed globally.
Show full opinionHide full opinion(A Top Pick Jun 18/18, Up 3%) He sold all his American banks. Citi is well-run, but they are globally exposed and there are clouds on the global horizon. He prefers Canadian banks which are less exposed globally.
DON'T BUY
DON'T BUY
March 26, 2019
BAC vs. C. Citigroup has never fully dealt with financial crisis issues. He'd prefer BAC, as it's in a much better position on the retail side. He owns Goldman and Morgan Stanley. Whole sector is cheap because of interest rates and yield curve. Please don't buy stocks with only a 6-12 month time horizon. Mortgages are an issue, housing prices, if the economy softens. BAC is extremely well run, decent margins.
Show full opinionHide full opinionBAC vs. C. Citigroup has never fully dealt with financial crisis issues. He'd prefer BAC, as it's in a much better position on the retail side. He owns Goldman and Morgan Stanley. Whole sector is cheap because of interest rates and yield curve. Please don't buy stocks with only a 6-12 month time horizon. Mortgages are an issue, housing prices, if the economy softens. BAC is extremely well run, decent margins.
WAIT
WAIT
March 22, 2019
Bank weakness more amplified in the US. Deep support around $56 range. A lot of indicators are oversold. Want to see a bit of a turn up. Down today around 5%, a big drop. Wait 2-3 days as a good rule of thumb to see if it's stabilized. Then you could put in a third, if you have a long-term commitment to it. Then another third 3 days after that.
Show full opinionHide full opinionBank weakness more amplified in the US. Deep support around $56 range. A lot of indicators are oversold. Want to see a bit of a turn up. Down today around 5%, a big drop. Wait 2-3 days as a good rule of thumb to see if it's stabilized. Then you could put in a third, if you have a long-term commitment to it. Then another third 3 days after that.
HOLD
HOLD
March 21, 2019
He is not wild about banks because of the actions of the Fed. This would be his favourite of the banks, however. They have improved dramatically since '08 and they are still trading at only 75% of book. They can eek out 4-5% loan growth. He would stay with this one.
Show full opinionHide full opinionHe is not wild about banks because of the actions of the Fed. This would be his favourite of the banks, however. They have improved dramatically since '08 and they are still trading at only 75% of book. They can eek out 4-5% loan growth. He would stay with this one.
COMMENT
COMMENT
March 19, 2019
It could hit the low-$70s, at a 70% chance, but doesn't think it will rise beyond that, because long-time holders will take profits. There are lots of if's at play. The chart is merely okay.
Show full opinionHide full opinionIt could hit the low-$70s, at a 70% chance, but doesn't think it will rise beyond that, because long-time holders will take profits. There are lots of if's at play. The chart is merely okay.
COMMENT
COMMENT
February 26, 2019
US banks, like the Canadians, won't see a lot of growth due to flatter yield curves. Now, though they're safe, holding lots of capital given regulations since the Recession. He prefers Morgan Stanley who've done well transitioning to the wealth management business.
Show full opinionHide full opinionUS banks, like the Canadians, won't see a lot of growth due to flatter yield curves. Now, though they're safe, holding lots of capital given regulations since the Recession. He prefers Morgan Stanley who've done well transitioning to the wealth management business.
