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Where Citigroup Is Winning And Losing In 2013David Zanoni • Tue, Apr 16 -
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Citigroup's CEO Discusses Q3 2012 Results - Earnings Call TranscriptMon, Oct 15, 2012 • 3 Comments
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Citigroup's CEO Discusses Q2 2012 Results - Earnings Call TranscriptMon, Jul 16, 2012 • 1 Comment
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Citigroup's CEO Discusses Q1 2012 Results - Earnings Call TranscriptMon, Apr 16, 2012
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Citigroup's CEO Discusses Q4 2011 Results - Earnings Call TranscriptTue, Jan 17, 2012
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Citigroup, Inc. - Special CallThu, Oct 20, 2011
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Citigroup's CEO Discusses Q3 2011 Results - Earnings Call TranscriptMon, Oct 17, 2011
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Citigroup's CEO Discusses Q2 2011 Results - Earnings Call TranscriptFri, Jul 15, 2011
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Citigroup's CEO Discusses Q1 2011 Results - Earnings Call TranscriptMon, Apr 18, 2011 • 3 Comments
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Citigroup's CEO Discusses Q4 2010 Results - Earnings Call TranscriptTue, Jan 18, 2011
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Citigroup, Inc. Q1 2010 Earnings Call TranscriptMon, Apr 19, 2010 • 5 Comments
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Citigroup, Inc. Q4 2009 Earnings Call TranscriptTue, Jan 19, 2010
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Citigroup Inc. Q3 2009 Earnings Call TranscriptThu, Oct 15, 2009 • 7 Comments
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Citigroup Inc. Q2 2009 (Qtr End 06/30/09) Earnings Call TranscriptFri, Jul 17, 2009
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Citigroup Inc. Q1 2009 Earnings Call TranscriptFri, Apr 17, 2009
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Citigroup Inc. Q4 2008 Earnings Call TranscriptMon, Jan 19, 2009 • 1 Comment
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C vs. ETF Alternatives
Company Description
Citigroup’s history dates back to the founding of Citibank in 1812. Citigroup’s original corporate predecessor was incorporated in 1988 under the laws of the State of Delaware. Following a series of transactions over a number of years, Citigroup Inc. was formed in 1998 upon the merger of... More
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- | On the move
- Saturday, May 18, 9:15 AM Leon Cooperman and partner Steve Einhorn keep it simple: Stocks (VTI) are cheap relative to interest rates and inflation. The guy who bought T-bills (SHY) has migrated to T-bonds (TLT), the guy who bought T-bonds has moved to investment grade corporates (LQD), the guy who bought IG is now in high-yield (HYG, JNK), and so on (glasses clink in the FOMC board room). Their largest position is Sprint Nextel (S) - as fans of Masayoshi Son and long-time owners of DISH, the duo like seeing two industry titans both wanting the same asset. New Citigroup (C) management should be able to double ROE over the next 2-3 years, and Transocean (RIG) sells for a significant discount to asset value. 4 Comments [Quick Ideas]
- Friday, May 17, 2:59 PM Wells Fargo (WFC) and Citigroup (C) have halted the vast majority of foreclosure sales in numerous states following the release of new standards from the OCC, reports the American Banker. Harkening back to the days of the robo-signing scandal, Wells' foreclosure sales across 5 westerns states dropped to fewer than 10 per day in April from more than 300 previously. JPMorgan (JPM) also slowed sales, but has returned to normal activity. BofA (BAC) is proceeding as usual. 1 Comment [Financials, U.S. Economy]
- Thursday, May 16, 3:55 PM Described as a win for Wall Street's biggest swaps dealers - JPM, BAC, C, MS, and GS - the CFTC approves new swap trading rules 3 years after the passage of Dodd-Frank. The rules mandate new trading platforms making bids and offers public, but require traders send request for bids to just two firms before execution rather than the five some had called for. Smaller exchanges aren't sweating it, instead happy they now have a defined system to operate under. 1 Comment [Financials]
- Thursday, May 16, 7:27 AM Citigroup (C) joins AIG in the hedge fund hotel (Apple was kicked out in late 2012/early 2013), with this week's 13F filings showing a number of well-known funds adding or initiating positions in Q1 (though Tepper's Appaloosa pared his). The stock's up 40% since Michael Corbat took the reins from Vikram Pandit and hit another 52-week high yesterday. 3 Comments [Financials]
- Wednesday, May 15, 7:21 AM Citigroup (C) agrees to sell its Brazilian credit card and consumer finance business to Itau Unibanco (ITUB) for $1.37B, subject to regulatory approval. The transaction is expected to generate an after-tax gain-on-sale of about $300M ($0.10/share). Comment! [Financials]
- Tuesday, May 14, 8:22 AM More Tepper: Turning to individual ideas, he says Citigroup (C) has become one of his biggest positions. On Apple (AAPL): If the company doesn't have something "revolutionary" coming, it better do something "evolutionary" - bigger screen, cheap iPhone. If we don't see anything by September, then it's "Houston we got a problem," and Tepper hopes he's quicker on the sell button than everybody else. 7 Comments [Quick Ideas]
- Thursday, May 9, 3:18 PM U.K. mobile banking specialist Monitise PLC (MONIF.PK +9.1%) pops as Lee Cooperman - presenting at SALT in Las Vegas - calls it his top conviction pick: "no financial risk .. no debt ... the blessing of Visa." He owns more than 10% of the company. Other top picks: ESRX, QCOM, C, AIG, MET, and RIG. 3 Comments [Quick Ideas]
- Thursday, May 9, 6:11 AM Citigroup (C) gains on Deutsche Bank (DB) in the race for currency trading supremacy. C (which came in second in a Euromoney Institutional Investor poll), cut DB's market share lead to just 0.28%, which is about as tight as the race for the top spot has ever been. C's ascent is partially attributable to its strong showing in emerging-market foreign exchange, where it leads DB by more than 2 percentage points. Comment! [Financials]
- Tuesday, May 7, 11:48 AM Citigroup (C) sues Barclays (BCS) to recover nearly $142M related to foreign exchange trading amidst the Lehman bankruptcy. Citi claims Barclays promised to indemnify Citi against any losses from settling trades for Lehman between Sept. 17-19, 2008. Citi says it lost $580M during this period, but has reduced the amount (plus legal fees) to $141.8M. Comment! [Financials]
- Monday, May 6, 9:09 AM Bacon Bradesco (BBD) drops out of the bidding for Citigroup's (C) Brazilian consumer finance unit, according to a local newspaper, after getting no reply on its $1.49B offer. With Banco Santander (SAN) not yet indicating any interest, it could leave just Itau Unibanco (ITUB) as the lone potential buyer. 2 Comments [Financials]
- Tuesday, April 30, 9:52 AM More on Case-Shiller: Home prices increased 9.3% Y/Y for the 20-city composite, the fastest gain in 7 years. Phoenix (+23%), San Francisco, Las Vegas, and Atlanta saw the biggest increases, while NYC, Boston, and Chicago had the smallest. Nationally, prices are back at autumn 2003 levels and about 30% below their summer 2006 peaks. Maybe more levered than any other large bank to home price recovery, Citigroup (C) is flat. (full report) 2 Comments [U.S. Economy]
- Monday, April 29, 10:26 AM Citigroup's (C) reluctance to pare its mortgage assets at fire-sale prices could pay off, says KBW, as it now stands to greatly benefit from rising home prices. It's a flow vs. stock argument as Citi - compared to WFC, JPM, or USB - does a relatively small amount of (now under profit-pressure) mortgage origination volume, but still has loads of questionable paper on its books. Also positioned to benefit is BAC. 3 Comments [Financials]
- Thursday, April 25, 7:25 PM Citigroup Inc. (C) declares $0.01/share quarterly dividend, in line with previous. Forward yield 0.08%. For shareholders of record May 06. Payable May 24. Ex-div date May 02. (PR) Comment! [Dividends]
- Thursday, April 25, 4:56 PM As tipped following the release of the Fed's stress tests, Citigroup's (C) board approves a $1.2B stock repurchase program through 2014 Q1. That's roughly 25M shares vs. a 3B share float. The announcement was made in conjunction with the declaration of the $0.01 quarterly dividend. (PR) 1 Comment [Financials]
- Thursday, April 25, 9:40 AM Caterpillar (CAT +0.9% at $84.56) has agreed to buy back $1B of its shares from Citibank (C) as part of an accelerated stock-repurchase program. Caterpillar will immediately acquire 11M shares based on market prices and expects to complete the program in June. (PR) 3 Comments [Financials]
- Thursday, April 25, 9:06 AM Citigroup (C) continues its exit from non-core markets, nearing a deal to sell its Uruguay retail operations to Brazil's Itau Unibanco (ITUB), according to a Uruguay newspaper. A purchase would turn Itau into Uruguay's 2nd largest bank after Santander. Comment! [Financials]
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John Vincent
Mohnish Pabrai reduced Citigroup ($C) & Goldman Sachs ($GS) substantially in Q1 2013. See http://seekingalpha.com/a/updx - View all 0 replies
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Dividend Sheet
$AEG $BCS and $MET are the cheapest Financial Dividend Stocks - http://stks.co/bTph - 2.84% average yield at fwd P/E 8.4! $C $JPM $AFL - View all 0 replies
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Saibus Research
State Street Is A Stress-Free Trust Bank, continues to perform well http://seekingalpha.com/a/u4kh $STT $BK $C $GS $JPM $NTRS - View all 0 replies
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The Financial Lexicon
$JPM, $BK, $C, JP Morgan calls your preferreds - What to do with the money now? http://bit.ly/13YvE1s - View all 0 replies
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x oil -field
Study: Megabanks may disappear. $BCS $GS $BAC $DB $CS $UBS $C $JPM TBT[JAIL] Emperor(s) Have No clothes. http://bit.ly/16k2MVD - View all 0 replies
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The Wall Street Transcript
Citigroup ($C) Trades at a Discount to Book, Generates Fair Amount of Capital Through Earnings- http://su.pr/6bYAK5 - View all 0 replies
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Michael Terry
$C doing a perpetual #preferred - 5.375-5.50% area. Seems a little tight at the low end. - View all 1 replies
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LATEST REPLIES
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Michael Terry
$C doing a perpetual #preferred - 5.375-5.50% area. Seems a little tight at the low end. - View all 1 replies
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Ocean Man: If CAT dips next Monday into the 70s, that could be interesting. -
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vireoman: And, oddly enough, you've been saying for months that NOK will soon be dust. Maybe Thursday will be the first indication. -
DeepValueLover: Please link to even one post where I wrote that Nokia "will soon be dust". Go ahead...I'll wait.
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DeepValueLover
The market is knocking up against the ceiling but can't break through...this is an obvious sign if you pay attention to history. $SPY $SH $C - View all 4 replies
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oldorv: that's the way i see it--i'm accumalating shares of various short EFTs... -
DeepValueLover: Not a bad idea. Also selling calls on the high flyers like $AMZN and $CRM may work out well too.
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Ghosts of Kariela: Real: not sure what you mean by that, but I managed to miss a lot of the bull market these 2 months by selling early lol
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DaLatin: Great post.3yrs now the game has been smaller regional banks.Big banks have ONLY1 option 2 grow ! BUY it.2 big 2 fail.A joke.Must get bigger -
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Garthilk: Still, given that C went up, you'd think BAC would have gone up too. Looking at the volume though, and options, something funny is going on.
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budapestjs: Loving the huge buyback for BAC, probably the smartest move since their shares are still so far under book.
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Ghosts of Kariela
Stopped out of $C today, for a 5.4% gain from Thursday, got to keep cash levels high. - View all 2 replies
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Ghosts of Kariela: Not bad for long term still, I'll re enter when stock gets cheaper.
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hahaha48: $c i had 11000 sitting idle in one account so i shorted 2 lots of 47 put expired this friday
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Todd Johnson
$C, $BAC, $GM Rumor only: Ackman has shorted Citi, BoA, GM due to allegations of being quasi-governmental entities. Outlandish! </wink> - View all 8 replies
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Todd Johnson: Chuck, he can use bull put spreads to decrease his cost basis. Many roads lead to CrushAckmanVille.
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chuck holladay: Icahn has publicly stated he appreciated Ackman making it possible for him to buy $HLF on the cheap.
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x oil -field: Soviet U.S. Afghan War:Also known as what Bush & Cheney-company called the good war,guess it would depend on your view. http://bit.ly/T4wdyO
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In&Out: da what about all the social programs..and just plane too much government
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Daniel Nadler
Citigroup historically faces very weak January Seasonality: http://stks.co/hJHs $C $SPX - View all 1 replies
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