Quite a change from the attitude of just a few months ago, Citigroup (C) will not ask Fed permission to repurchase shares this year. Global financial jitters and JPMorgan's trading loss must be looming high in regulators' minds at the moment, and another rejection of Citi's capital return plan would reflect badly on bank management. (Citi statement) [View news story]
There is nothing positive about C performance or its management.
Citigroup Valuation Suggests A Reality Check With A Warning [View article]
The gentleman is only providing a different objective perspective to analyze prior to making an investment in C. For those investors who think that C in the next 3-5 years will get above $50, good luck!
This still represents a stock that is under $5 pre 10:1 reverse split. Please note that C has always had the propensity report good numbers for the past 15+ years (window dressing for market).
Citigroup: Don't Listen To Wall Street [View article]
I concur with all the analysis and comments made by the other investors. Your analysis is completely incorrect, which is quite surprising. It appears that you and Sol Palha another contributor to Alpha are attempting to make some type of market for this stock.
The reverse split was made in order for Citi to survive because the stock was under $5 and institutional investors could not buy the stock. Therefore, only the traders/shortsellers traded the stock.
What your analysis and Palha's does not take into consideration is management and historical risk controls of these big money center banks. This is were Warren Buffett/Berkshire shines!!!
Is this a surprise to anyone? Chase like Citi which are New York banks, lack management controls and because of their position in the financial arena take unnecessary risks at the expense of the shareholders and employees. Let's not forget that Dimon is a former Sandy Weill protege.
I am sure that there will be other surprise financial surprises down the line from Chase. This will be continuous for these two banks. Lesson is not to invest in these New York banks and analyst stop trying to justify the value of these stocks
5 Compelling Reasons To Buy Citigroup [View article]
This analysis is worthless. You do not have an analysis of the management and the board of directors capabilities to be able to execute a plan. All the compelling reasons have no value if you have mismanagement and no credibility. This has been demonstrated for the past 20+years by Citi management including Sandy Weill who basically destroyed the bank which has not recovered. It appears that since you are long the bank stocks your analysis is not objective.
THE CEO SHOULD RESIGN IMMEDIATELY AS A RESULT OF THE YEN CURRENCY HEDGE FIASCO. AN INSURANCE FINANCIAL INSTITUTION SHOULD NOT BE IN THAT TYPE OF POSITION AND NOT HAVE ANY CONTROLS. I AM SURE THERE WILL BE OTHER SHOES TO DROP!!!!
Citigroup Will Sink Further On Pandit Scuffle [View article]
THIS IS A CONTINUATION OF CITI'S MISMANAGEMENT AT THE EXECUTIVE LEVEL STARTING WITH THE BOARD OF DIRECTORS AND EXECUTIVE OFFICERS AND GOING THROUGH THE MANAGEMENT RANKS. THESE UNETHICAL PRACTICES ARE NOT UNUSUAL THEY GO BACK TO SANDY WEILL AND THE CHANGE OF THE REGULATIONS AND THE POLITICIANS THAT SERVED ON THE BOARD I.E. ROBERT RUBIN.
Quite a change from the attitude of just a few months ago, Citigroup (C) will not ask Fed permission to repurchase shares this year. Global financial jitters and JPMorgan's trading loss must be looming high in regulators' minds at the moment, and another rejection of Citi's capital return plan would reflect badly on bank management. (Citi statement) [View news story]
Citigroup Valuation Suggests A Reality Check With A Warning [View article]
This still represents a stock that is under $5 pre 10:1 reverse split.
Please note that C has always had the propensity report good numbers for the past 15+ years (window dressing for market).
Citigroup: Don't Listen To Wall Street [View article]
The reverse split was made in order for Citi to survive because the stock was under $5 and institutional investors could not buy the stock. Therefore, only the traders/shortsellers traded the stock.
What your analysis and Palha's does not take into consideration is management and historical risk controls of these big money center banks. This is were Warren Buffett/Berkshire shines!!!
Is Citigroup A Good Long-Term Investment? [View article]
You must a novice analyst regarding the history of Citi for the past 20+years. Wait for the next shoe to drop regarding their performance.
Other banks AH on the JPMorgan news: BAC -3.2%, C -3.2%, GS -2.4%, MS -3.1%. Banking ETF: XLF -2%. [View news story]
I am sure that there will be other surprise financial surprises down the line from Chase. This will be continuous for these two banks.
Lesson is not to invest in these New York banks and analyst stop trying to justify the value of these stocks
5 Compelling Reasons To Buy Citigroup [View article]
Prudential Financial's CEO Discusses Q1 2012 Results - Earnings Call Transcript [View article]
Citigroup Will Sink Further On Pandit Scuffle [View article]
Prudential Financial (PRU): Q1 EPS of $1.56 misses by $0.15. Revenue of $10.7B (+16.4% Y/Y) beats by $0.3M. Shares -5.2% AH. (PR) [View news story]