Citigroup, Inc. – Banks The Good, Bad And Ugly

Citigroup, Inc. - Banks the Good, Bad and Ugly

Citigroup, Inc. has ceased to be one of the leading Banking Companies. It should have been sold at about $50 - $52 - sell on the next rally. ( I gave it too much space, but that sometimes happens ! )

I said in recent articles that I believe it will continue to try to test its highs in the coming weeks - but will fail. It has been on a steady rise in price since the lows of $24.00 per share in June 2012.

My weekly study / forecast of all my High Profile Financial / Major Banks is how I determine WHY. It is no longer a positive Hold and I will likely sell on the next rally.

The current rally is weak and profits must be taken soon.

I have moved to Hold-Cash at $49.

My previously written articles on C (just click) provide you the history of my forecasting, its accuracy and support for my performance. For over 50 years my management objective is to identify changing trends for my forecasting analytics.

My Performance for Citigroup can be reviewed in the below table and is over 100% per year for the last 1.5 years.

The Company like so many others has taken some big hits over the years!

Have a long look at this Chart, it tells you a story about how to make and preserve your profits. Click on C.

A Special Note for Seniors & Retired Investors - Dividend Yield for CitiGroup: 0.08% This is one of those Companies that is stingy with dividends. That is why when they HURT they hurt BIG! Blame: Pathetic Management.

Forecast w/ 5 Year Performance:

Note: The below Table is for your review, questions and perhaps thoughts. If you would like to "Invest Wisely" in my "Growth Asset Allocation Model," please email me to open a dialog on how I go about providing superior performance with a very low threshold of risk.

My Current Forecast is not as bright as you may think! (I will be more specific upon your email request).

I have reservations about my fundamental valuation; however, it is on my Initial Bearish Forecast - "Warning."

That means: I am cautiously and continuing to HOLD - Citigroup, Inc. since having sent Formal Recommendations in July 2011 to my Clients -- the Public never sees my timely Email communications to my Clients until well after my - Emailing those Formal Recommendations - - - I do respond to prospective Client's - Questions and Thoughts. )

My Current Opinion is to Hold-Cash in anticipation of taking profits. This may be at even higher prices, but there will be an end and time to sell, but that is not currently in my forecast. That is a balancing of my below three (weighted) pillars of research.

* Fundamentally - ( weighting - - 40% ): My Analytics for my fundamental valuation play a vital role in profitable managing money. Earnings continue to be relatively strong.

* Technically - ( weighting - - 35%): Within this outstanding company, my indicators remain strong. It is off of its highs of $54. selling for $47.

* Consensus Opinion - ( weighting - - 25% ): My third pillar of research is one that is always distorted to the positive by most all financial analysts. That's because they are afraid of being bearish. I am not! My articles on "Reality" are supportive of the below 20 year Chart.

I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for C !

"Selectivity" is what I preach (along with discipline and patience) and is what separates the average investor and mutual funds from the profits that come with long-hours / hard work and "selectivity."

Here are a number of the Component Companies / Peers in the Major Bank Industry Group that I focus on rather frequently if you wish to follow me: (C), (BAC), (WFC), (JPM), (KEY), (USB), (FITB), (BK), (STI), (BBT), (PNC), (STT), (CMA), (NTRS), (MTB), (BKU). And, more . . .

Smile, Have Fun, "Investing Wisely,"

Dr. Steve

C, BAC, WFC, JPM, KEY, USB, FITB, BK, STI, BBT, PNC, STT, CMA, NTRS, MTB, BKU