Bank of America (BAC +2.9%) and Citigroup (C +1.8%) both have 30% upside this year, says...

This news story has 9 comments:

Register or Login to rate comments »

Garthilk Comments (406)
 
Of course there is significant upside. These are some of the largest banks and they're going to continue to make profits. Just going to take time to close their wallets to lawsuits. Once that stops then we can begin to let these banks hit their stride. But we're still a ways off before we see the kinds of profits we were seeing before.
5 Feb, 12:16 PM Reply Like

benitus Comments (784)
 
I've already begun collecting BAC and C shares. I expect at least a 10% increase in share price within three to six months, so it's time to hunker down and wait for these shares to appreciate.
5 Feb, 03:12 PM Reply Like

masonkelsey Comments (12)
 
The point is that you would be hard pressed to invest over the next 12 months at a better rate of stock value growth. 30% puts us close to $15 and 30% next year puts us close to $20. 60+% over two years is excellent. And personally I think BAC will do even better, plus start paying a higher dividend.
5 Feb, 12:47 PM Reply Like

benitus Comments (784)
 
Your figures might be too much to hope for. But I hope you're right, since I'm going to hunker with these shares.
5 Feb, 03:14 PM Reply Like

AntoineD Comments (3)
 
Every silver lining has a dark cloud. I'm sure they'll find a way to hose it up.
5 Feb, 04:39 PM Reply Like

Worn out 123 Comments (382)
 
Isn't BAC putting the cart before the B$ settlements?
5 Feb, 05:03 PM Reply Like

elad26 Comments (21)
 
Excellent news !!!

I hope to receive that dividend next quarter from Citi ^_^

Citi is on a much better position since Vikram was replaced by Michael which only done better for the company not to mention the "Kitchen Sink" report on the 2012's 4Q which can only do great for future reports to handle with less negative impact on future earnings

Keep up Citi !!!
6 Feb, 06:01 AM Reply Like

benitus Comments (784)
 
elad26....it's my humble belief that whatever Michael was able to do had already been put into place by Pandit. Just like Hussein Obama's success with Osama bin Laden was a direct result from measures put in place by GW Bush, which the biased media has refused to acknowledge. But I do agree that Michael has done the right things for Citi, from which the future augurs well for Citi.
6 Feb, 08:34 AM Reply Like

elad26 Comments (21)
 
I think you're right benitus since I don't have much against Vikram for the first two-three years in '08-'10 but since the company was very sluggish & didn't show much improvement to gain more investor confidence which shown by the power of short investors among the rest.

I do agree that Vikram helped to salvage Citi from near destruction but the main issue is investor confidence & it can take time, yet I think it took to much & now that Michael replaced Vikram in Sep. it's like a refreshing change of view for optimism instead of the sluggish view of Citi.

Besides Michael seems to do much better since he wants to optimize the company & even if it means that he needs to lay off thousands & leave places almost entirely the bank worked in for decades it means less expenses & more investing in higher areas which show more growth for the company !
8 Feb, 10:12 AM Reply Like