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  • Citigroup: No Dividend Hike Now, But What About The Long-Term Future? [View article]
    Is the quantative result not the outcome of qualitative input? If quantative is far than better there is no reason to bring the subjective things while rejecting Citi;s proposal by Fed. For sure they can give suggestions but the onous of implementation should rest with the BOD. Well this is my view.

    If Fed thinks, the minimum Tier 1 common capital ratio is too low, they can increase it. One thing that needs to be considered that USA banks should not be made uncompettive.
    Mar 28, 2014. 05:35 PM | Likes Like |Link to Comment
  • Citigroup: Compelling Valuation Is Too Good To Ignore [View article]
    Good argument. Fundamnetals are the same even today.
    Mar 27, 2014. 06:54 AM | Likes Like |Link to Comment
  • Citigroup's among 5 rejected capital return plans [View news story]
    Absolutely the market over reacted to the rejection news. The TBV would improve further by US$ 5 (nearly the expected EPS for 2014). The EPS seems achievable as CEO is confidant that Citi Holdings would break even in 2014. So what adds up is US$ 1.5b+ in profit. Once the CEO announces the time line for submission of revised plan, the price would jump back to atleast to its pre levels.
    Mar 26, 2014. 05:54 PM | Likes Like |Link to Comment
  • Citi Statement on 2014 CCAR Results [View article]
    What seems now more important to resubmit their capital plan after understanding full demands of Fed.

    With expected EPS of US$ 5 for 2014, the book value would go further up by 4.96 per share. Break even on Citi Holdings is the great achiement in 2014.
    Mar 26, 2014. 05:46 PM | Likes Like |Link to Comment
  • Bank Of America: One More Reason To Go Long [View article]
    What about dilution of capital in the event of conversion of preferred shares to ordinary stock of 700 million shares. This would dilute capital by 7%. Book value and EPS would likewise go down. Warren Buffet would exercise this option when dividend payout exceeds payment of dividend on preferred shares issued to him. Currently he gets about 300 mio in dividends.

    I would prefer a comparison is made of ten largest banks and these fundamentally strong in first 3 places where investment be made rather than looking into BAC alone
    Mar 23, 2014. 12:31 PM | Likes Like |Link to Comment
  • Dick Bove Pounds The Table For Bank Of America [View article]
    The write has confirm whether he has taken into account conversion of preferred stock of value US$ 5 billion issued to Warren Buffet into 700 million shares at the initial investment value. How much dilution is going to take place is to be seen also.

    Regarding impact of 1% increase in interest rate would yield 3BN in profit for BAC is not an exception. Other banks may get more income then BAC as they have 100s of billions in idle cash sitting on side lines besides already loaned and invested. Just 3 billion JPM can earn on idle cash plus those on other loans and investments. These banks have no threat of stock conversion option of this massive scale. I don't want to doubt the doubling of price of BAC but investors would like to invest where price can be even more than BAC. So a relative analysis in full would be appreciated.
    Mar 22, 2014. 12:47 PM | 1 Like Like |Link to Comment
  • Citigroup Is A Bargain As The Shares Will Trade At Book Value [View article]
    The profit can go up by $2.1bn from 2013 becuase of break even on Citi Holdings (loss of $1.9bn) and loss due to fraud (0.23bn) in Mexico. This roughly transaltes into 0.66 cents per share of additional profit in 2014. Since the economies world over are positive, we can expect further addition in profit in 2014. Currently I am not in a position to quantify the amount. Yes I also see a good return if held for another few years.
    Mar 18, 2014. 05:14 PM | Likes Like |Link to Comment
  • Citigroup Remains A Long-Term Buy [View article]
    I dont feel there would be any growth in this stock as the emerging markets are on downside with currency values falling. The impact would be 2 fold - first the investment would be decreased in $ terms and the profit also when translated into $ would be down also. How come a growth of 4.2% is forseen in this back ground. Would be helpful if your assumptions are laid down for this growth in 2014.
    Mar 12, 2014. 01:20 AM | Likes Like |Link to Comment
  • Cisco: The Brighter Side [View article]
    The company is providing opportunites to executives to cash in their stock compensation part of salary. Now the company is loading with loans to eventually may be problem to retire them. Its obvious no payments to shareholders.
    Mar 2, 2014. 10:15 AM | Likes Like |Link to Comment
  • A Closer Look At The Insider Buying Going On At JPMorgan Chase & Co. [View article]
    The most relaiable source is the filing with SEC of insider buying or selling. As I seen CFO also sold shares in January besides others. Only James Crown is a buyer.
    Feb 27, 2014. 09:29 AM | Likes Like |Link to Comment
  • Dimon takes questions at investor day [View news story]
    I dont think Dimon said that would be earning US$ 27 bn in 2014. In the slides it is very clearly mentioned that this target they expect in a span of 4-5 years.
    Feb 25, 2014. 03:44 PM | Likes Like |Link to Comment
  • Cisco: The Brighter Side [View article]
    A good research from Kenneth. Is it possible for you to lay down figures for Net income and EPS for the above years?
    Feb 22, 2014. 08:21 AM | 2 Likes Like |Link to Comment
  • Cisco: The Brighter Side [View article]
    I also do not agree that long term fundmentals are intact and improving. There is no premise to this. The managemnt has only recourse to incresing efficiency and buy back of shares as to enhance or maintain EPS. What needs to compare net income year or year instead of EPS. As the EPS goes down so would be faster decrease in value of goodwill which is very high at the moment.
    Feb 21, 2014. 08:34 PM | Likes Like |Link to Comment
  • Bank On Dividend Paying Citi To Make A Comeback [View article]
    What is the deferred tax amount as at the end of December 2014? Is it sufficient for 2014 earnings or beyound? Would appreciate if information is provided. Yes I agree dividend would unnecesarily attract tax. It would be better idea if buy backs are made as the market price is so low than tangible book value that if they do buy backs the EPS can cross US$ 6 for 2014
    Feb 5, 2014. 06:27 AM | Likes Like |Link to Comment
  • JPMorgan reaches $614M False Claims Act settlement with DOJ [View news story]
    Will it going to effect the EPS for Q1 2014 or the provision has been made in the books. The penalty issue seems unending now.
    Feb 5, 2014. 05:26 AM | Likes Like |Link to Comment