NYSE:C
53.48
2.64
(5.18%)
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
DON'T BUY
DON'T BUY
November 12, 2018
We are just starting to see the first signs of credit strain last quarter. But C-N trades quite cheap. He prefers other US banks like JPM-N. The big guys have more levers to pull to get through the credit storm. C-N will have some revenue headwinds. Now is not the time to plow into financials.
Show full opinionHide full opinion
We are just starting to see the first signs of credit strain last quarter. But C-N trades quite cheap. He prefers other US banks like JPM-N. The big guys have more levers to pull to get through the credit storm. C-N will have some revenue headwinds. Now is not the time to plow into financials.
COMMENT
COMMENT
November 12, 2018
C-N vs. GS-N He likes American banks. CITI peaked at the start of 2018 and is now drifting lower. Their uptrend from 2016-2018 could repeat. This could fall back to the $60 level of resistance. Goldman (GS-N) has a similar chart, but its drop this year had been more severe. Their support level is strong at $200 (it's been testing many times). GS-N is less risky.
Show full opinionHide full opinionC-N vs. GS-N He likes American banks. CITI peaked at the start of 2018 and is now drifting lower. Their uptrend from 2016-2018 could repeat. This could fall back to the $60 level of resistance. Goldman (GS-N) has a similar chart, but its drop this year had been more severe. Their support level is strong at $200 (it's been testing many times). GS-N is less risky.
PAST TOP PICK
PAST TOP PICK
November 7, 2018
(A Top Pick Oct 12/17, Down 3%) It's cheap, trading below 1x price-to-book. Decent growth. They're committed to share buybacks and dividend increases. What's hurt them is they are very international with more than 50% of revenues outside America. That's why it's been sideways lately. As long as the US economy is firm, US banks will perform decently.
Show full opinionHide full opinion(A Top Pick Oct 12/17, Down 3%) It's cheap, trading below 1x price-to-book. Decent growth. They're committed to share buybacks and dividend increases. What's hurt them is they are very international with more than 50% of revenues outside America. That's why it's been sideways lately. As long as the US economy is firm, US banks will perform decently.
BUY
BUY
November 6, 2018
The U.S. banks will have another run. He prefers another American bank, but Citi is fine. There'll be tailwinds, not headwinds for American banks after this correction. You can add to Citi now.
Show full opinionHide full opinionThe U.S. banks will have another run. He prefers another American bank, but Citi is fine. There'll be tailwinds, not headwinds for American banks after this correction. You can add to Citi now.
PAST TOP PICK
PAST TOP PICK
November 2, 2018
(A Top Pick Oct 17/17, Down 6%) It has increased its dividend twice since last year. He continues to love it and holds a sizable personal position. He has a model price of $70.75.
Show full opinionHide full opinion(A Top Pick Oct 17/17, Down 6%) It has increased its dividend twice since last year. He continues to love it and holds a sizable personal position. He has a model price of $70.75.
BUY
BUY
October 26, 2018
Citigroup beat Q3 earnings by 5 cents and raised their full-year guidance. He sees 20% EPS growth.
Citigroup beat Q3 earnings by 5 cents and raised their full-year guidance. He sees 20% EPS growth.
DON'T BUY
DON'T BUY
October 11, 2018
Bank of America vs. Citigroup Prefers BAC. Citigroup is cheaper though. But BAC has better opportunities with a strong banking franchise in the U.S; their Merill Lynch franchise is also good. Trading at 1.1x book that should grow. Citirgroup is reducing costs and technology will drive growth here. Can do only small acquisitions now, not large, though regulations are easing. Citi trades at a lower multiple, but BAC holds more opportunity.
Bank of America vs. Citigroup Prefers BAC. Citigroup is cheaper though. But BAC has better opportunities with a strong banking franchise in the U.S; their Merill Lynch franchise is also good. Trading at 1.1x book that should grow. Citirgroup is reducing costs and technology will drive growth here. Can do only small acquisitions now, not large, though regulations are easing. Citi trades at a lower multiple, but BAC holds more opportunity.
BUY
BUY
October 4, 2018
The US banks have underperformed, and are a canary in the coalmine for the larger market. That said, there's support for Citigroup (earnings, international exposure, etc.) and the banks benefit from rising interest rates. Their valuation and re-structuring all work, all good. This is one of the better US banks.
The US banks have underperformed, and are a canary in the coalmine for the larger market. That said, there's support for Citigroup (earnings, international exposure, etc.) and the banks benefit from rising interest rates. Their valuation and re-structuring all work, all good. This is one of the better US banks.
TOP PICK
TOP PICK
October 3, 2018
After 10 years after the Financial Crisis there is the valuation differential with other senior players in the market. Organic earnings growth. Trading at book value. Great Management. Quiet, never hear from them which is what he loves about them. Yield of 2.5%. (Analysts’ price target is $84.18)
After 10 years after the Financial Crisis there is the valuation differential with other senior players in the market. Organic earnings growth. Trading at book value. Great Management. Quiet, never hear from them which is what he loves about them. Yield of 2.5%. (Analysts’ price target is $84.18)
WEAK BUY
WEAK BUY
September 27, 2018
BAC-N vs. C-N. Why is C-N momentum faster than BAC-N? It is not just about the quality of that business but also what you are paying to acquire it. Both of these names longer term will be okay. He likes BAC-N. It is diversified and heavily into the US economy.
BAC-N vs. C-N. Why is C-N momentum faster than BAC-N? It is not just about the quality of that business but also what you are paying to acquire it. Both of these names longer term will be okay. He likes BAC-N. It is diversified and heavily into the US economy.
BUY
BUY
September 21, 2018
A too-big-to-fail bank that they continue to recommend. They have been able to get 13-14% ROE through every market gyration following the 2008 financial crisis. Their business strategy is more conservative today and the multiple trades at good value. He expects the dividend to continue to grow and the PE is only 11.4. Yield 2.4%.
A too-big-to-fail bank that they continue to recommend. They have been able to get 13-14% ROE through every market gyration following the 2008 financial crisis. Their business strategy is more conservative today and the multiple trades at good value. He expects the dividend to continue to grow and the PE is only 11.4. Yield 2.4%.
DON'T BUY
DON'T BUY
September 17, 2018
You won't go wrong with Canadian banks even though they are more expensive than US banks. C-N has never really recovered from the financial crisis. He would prefer BNS-T because it is a more stable business
You won't go wrong with Canadian banks even though they are more expensive than US banks. C-N has never really recovered from the financial crisis. He would prefer BNS-T because it is a more stable business
PAST TOP PICK
PAST TOP PICK
August 30, 2018
(A Top Pick Aug 4/17, Up 6%) He has had good returns since he has bought it but it has gone flat. They have room to expand their dividends even more. They are on an aggressive buy back program. If the US equity markets are going to go higher it has to be with the financials. He is still staying with it. There is about 9% upside according to model price.
(A Top Pick Aug 4/17, Up 6%) He has had good returns since he has bought it but it has gone flat. They have room to expand their dividends even more. They are on an aggressive buy back program. If the US equity markets are going to go higher it has to be with the financials. He is still staying with it. There is about 9% upside according to model price.
BUY
BUY
August 21, 2018
Comparing this to Citigroup: he owns both stocks. Both came out of the 2008 crisis in worse shape than the other large money center banks; both have recovered substantially and are trading at a narrower discount to them now. He expects the gap to close further. Citi trades at a greater discount and has more upside potential. The CEO at Citigroup keeps his head down, working on the company’s business. He doesn’t show up much in the press reports; he just does a good job. (Analysts’ price target is $83.04)
Comparing this to Citigroup: he owns both stocks. Both came out of the 2008 crisis in worse shape than the other large money center banks; both have recovered substantially and are trading at a narrower discount to them now. He expects the gap to close further. Citi trades at a greater discount and has more upside potential. The CEO at Citigroup keeps his head down, working on the company’s business. He doesn’t show up much in the press reports; he just does a good job. (Analysts’ price target is $83.04)
BUY
BUY
August 16, 2018
He likes the US banks. He sees good valuations here. There is a strong economy and strong credit growth. This will help fuel this stock. It is a good buy.
He likes the US banks. He sees good valuations here. There is a strong economy and strong credit growth. This will help fuel this stock. It is a good buy.
