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Where Citigroup Is Winning And Losing In 2013David Zanoni • Tue, Apr 16
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Asset Write-Downs Hidden In Operating EarningsDavid Trainer • Tue, Jun 11
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Don't Miss These Rebounding Banks In 2013Fusion Research • Thu, Jun 6 -
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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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at MarketWatch.com (Wed, 2:34PM)
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at CNBC.com (Wed, 7:59AM)
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Business Wire (Tue, 4:15PM)
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at MarketWatch.com (Tue, 11:18AM)
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at Fox Business (Tue, 10:15AM)
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Business Wire (Tue, 8:00AM)
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at CNBC.com (Mon, 1:36PM)
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Business Wire (Mon, 7:00AM)
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Business Wire (Mon, 7:00AM)
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at CNBC.com (Fri, 5:15PM)
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Business Wire (Fri, 4:15PM)
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Business Wire (Fri, 12:00PM)
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at CNBC.com (Thu, 6:43PM)
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Business Wire (Thu, 4:15PM)
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at Fox Business (Thu, 9:56AM)
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Business Wire (Thu, 9:00AM)
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at CNBC.com (Jun 12, 2013)
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at MarketWatch.com (Jun 12, 2013)
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
- Thursday, March 7, 4:50 PM More on the Fed Stress Tests: The exams measured to make sure banks' Tier 1 Common Ratio remained above 5% in the Fed's "severely adverse" economic scenario - GDP falling 5%, the UE rate rising to 12%, a 50% fall in stocks, and recessions overseas, among a number of other variables. This table shows the results, with GS and MS just passing, and BAC, C, WFC, and JPM getting by with a little more room. 6 Comments [Financials]
- Thursday, March 7, 4:37 PM Fed Stress Tests: Ally Financial is the only bank not meeting the Fed standards. All of the other 18 holding companies showed a Tier 1 Common Ratio higher than 5% under the central bank's severe loss scenario. 24 Comments [Financials, Breaking News, Top Stories]
- Thursday, March 7, 11:01 AM The big U.S. banks are considering defying the Fed and announcing capital return plans shortly after stress tests are released this afternoon, reports Bloomberg. The Fed wants the lenders to wait another week, but bank lawyers worry the plans will leak out. It's under discussion, JPM CFO Lake told an investor conference (transcript) Tuesday. XLF +0.6%. 34 Comments [Financials]
- Thursday, March 7, 8:16 AM Citigroup (C) plans to finalize the sale of its Brazilian consumer financial units by the end of the month in a deal that could fetch $761M, reports a local newspaper. At least three banks are said to be involved in the bidding process and have been allowed a look at the businesses' books. Comment! [Financials]
- Wednesday, March 6, 10:57 AM All 17 bank holding companies subject to Fed stress tests will pass the exam, says Credit Suisse's Moshe Orenbuch (results due Thursday). He thus sees payout ratios for the group rising to 64% of earnings this year from 36% in 2012, with BofA (BAC), Citigroup (C), and Regions Financial (RF) getting the biggest bump. Morgan Stanley (MS) and SunTrust (STI) should also see sizable increases. 6 Comments [Financials]
- Tuesday, March 5, 1:05 PM Fighting with one hand tied behind our back is how Citigroup (C +1.5%) CEO Corbat describes the bank with one-third of its capital tied up in activities contributing nothing to earnings - Citi Holdings and the $55B Deferred Tax Asset. The good news, he says, is both of these should wind down over time, meaning the bank will have significant excess capital. In the meantime, optimization of capital is a must. 2 Comments [Financials]
- Tuesday, March 5, 12:49 PM Citigroup (C) CEO Michael Corbat begins his first major public presentation, speaking at the bank's Financial Services Conference. Listen live here. Presentation slides here. As leaked last night, the presentation focuses on tactics, not a grand strategic plan. Comment! [Financials, Breaking News]
- Tuesday, March 5, 7:39 AM KeyCorp (KEY), State Street (STT), Goldman Sachs (GS), JPMorgan (JPM), and BB&T (BBT) make RBC's list of best-capitalized banks - those that the Fed this month should allow dividends/buybacks of 75-100% of earnings. WFC, FITB, and MTB are in the middle of the pack and should be allowed payouts of 50-75%. Capital laggards - BAC, C, and COF - may only be allowed payouts of 10-30% of earnings. 6 Comments [Financials]
- Monday, March 4, 10:08 PM "You are what you measure," CEO Michael Corbat told a gathering of top Citigroup (C) executives last month, promising a more quantitative focus - including score cards - to how performance will be measured. Meanwhile, those hoping for a grand strategic plan when Corbat makes his first major public presentation tomorrow may be disappointed as the talk reportedly will focus on financial targets, cutting expenses, and other tactical moves. 3 Comments [Financials]
- Monday, March 4, 11:55 AM Expect gradual, but not outsized jumps in capital returns from the banks this year, says Goldman (stress tests results are due Thursday, capital return decisions due March 14). Management teams are likely to be conservative in their requests from the Fed as "taking a mulligan" - i.e., resubmitting a plan after being shot down - is not seen as a viable option. 6 Comments [Financials]
- Friday, March 1, 3:52 PM JPMorgan's partnership with Visa (V) is viewed as a slight negative for MasterCard (MA), says Sterne, Agee, which sees MasterCard maybe responding by tightening a relationship with one if its big issuers such as Citigroup (C). For Visa, Sterne says it's a smart move locking down a large customer for 10 years, and preventing Chase from working with a competing network. 1 Comment [Financials]
- Friday, March 1, 9:18 AM Citigroup (C) raises its estimate of unreserved regulatory legal losses to $5B from $4B, according to its annual report (10-K). The bank gave no reason for the increase, but in its January earnings report had cited regulators looking into deceptive marketing of add-on products to credit card customers. Shares -1% premarket. 1 Comment [Financials]
- Thursday, February 28, 9:47 AM Is Blackstone (BX) treading where AIG used to? The company quietly closed a deal with Citigroup (C) last year to insure the bank against losses on $1.2B of shipping loans. The move allows Citi to keep the loans on its balance sheet while eliminating nearly all it must set aside as provisions. "It was dead, but it seems to be coming back," says a credit researcher. 2 Comments [Financials]
- Thursday, February 21, 4:52 PM After last year's shareholder vote on pay (down), Citigroup (C) adopts a new executive compensation program (8-K) using "a scorecard-based structure preferred by many of Citi's investors." So-called "Performance share unit awards" will "further" the effort to link pay and performance. New CEO Michael Corbat receives $11.5M in pay for 2012, roughly half cash, half stock and PSUAs. 3 Comments [Financials]
- Thursday, February 21, 9:35 AM Another Citigroup (C) departure: Co-head of investment banking for China, Rodney Tsang leaves after less than a year on the job. Tsang originally joined Citi in 2009, brought in from Merrill Lynch to help rebuild the China team. (previous) 1 Comment [Financials]
- Wednesday, February 20, 4:28 PM Once among a small group of directors urging a breakup, Citigroup (C) Chairman Michael O'Neill has changed his mind, reports the WSJ. It's a significant shift for the man who downsized Bank of Hawaii and advocated the same for BofA when he was floated to replace Ken Lewis. Look for more cost cuts and more revamping of poorly performing businesses, but no major restructuring at Citi. 3 Comments [Financials]
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The Wall Street Transcript
Bank of America Corp ($BAC) and Citigroup ($C) Right-Size Cost Structures and Grow While Trading Below Book- http://su.pr/1EnB9E - View all 0 replies
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Brad Kenagy
I'm running a March Madness Stock Trading contest on my instablog. Still have spots open. $SPY,$INTC,$HLF,$BAC,$VXX,$C http://bit.ly/15KeC9y - View all 0 replies
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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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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 $CRM may work out well too.
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Brad Kenagy
I'm running a March Madness Stock Trading contest on my instablog.$SPY,$AAPL,$GLD,$BBRY,$VXX,$FB,$INTC,$C check it out:http://bit.ly/15KeC9y - View all 0 replies
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LATEST REPLIES
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Sam E. Antar
White Collar Fraud: Green Mountain Coffee's ($GMCR) Numbers Submitted to S.E.C. Examiners Don't Add Up http://bit.ly/NnkXhI - View all 8 replies
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Markos Kaminis
Did you make money on my long trade of BAC and C today? http://seekingalpha.com/a/f9ed - View all 1 replies
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Ocean Man: The women were all miserable to my surprise, did not have kind things to say about the oil men. I can't imagine being miserable in a remote
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Ocean Man: place where women outnumbered me 10 to 1 LOL. And yes, it was all pickup trucks, no cars. Huge fields of small trailers and manuf'd housing.
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Venerability
New $billion-plus C-series order for Bombardier announced this morning. Stock could soar on Monday. - View all 6 replies
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Venerability: Remaining Shorts in Bomber are either dense, working for Boeing, or both!
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Bruce Whitaker
Earnings may lift some financials as investors overlook asset quality in favor of hefty reported earnings. Like C as a short term spec play - View all 1 replies
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Mercy Jimenez
Argentina is at it again; after Repsol confiscation now Kirchner plan=20 big banks incl C and HSBC will be forced to lend big % of deposits - View all 12 replies
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Mercy Jimenez: No had my gains in Norway while everyone slept on 4th of July; like range trading their quality high betas like TGS Nopec, Fred Olsen etc.
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Ocean Man: Appreciate the info, Dr Kris - thanks. I will triple my short if it gets to 12. Just shorted it from 11.09 to 10.04 last week.
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Garfield23
selling C now, it had its pop and euro deal cant fund anything until jan of 2013...read the details, translate the german papers... - View all 1 replies
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David White
Anyone who thinks that BAC & C having their credit ratings cut to near junk is a positive for the market needs their head examined. - View all 5 replies
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Hillbilly Stock Star: That's cause we are running way low on muppets till employment picks up! -
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Alan Brochstein
These jokers who throw out these dumb-ass targets on $GOOG just to get clicks really annoy me. "670.25 by 2014" C'mon editors - enough! - View all 3 replies
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Charles Margolis: oh and gotta love that 25 cents on there :) that's like advanced calculus (if only he'd called it a 'bargain' tho right) -
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pupin: It is going to take some time for that plan to come fruitition. In meantime we are going downnnn
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jmartz101: Yeah that's my bottom price which every investor makes their own jump in price.
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Wall Street Smart
People bash JP Morgan without understanding, Dimon will make more in earnings this year than BAC, C and GS combined even after 2 bn loss. - View all 6 replies
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OneLongTrade: The loss to the market cap of JPM since then is well over 15B. The argument of legal fees/reputational damage can only go so far. -
Oceanstats: The $2B loss came over 6 weeks, remember that, There were more hats involved besides Dimon and those that got canned.Saw this coming in Feb.
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freefdawatchlist: PCLN rallied $14 and then down $9, monday is a bullish day so definitely PCLN will rally
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