arizonamikes

What Is Citi Stock Worth?

Correction to my comment above: What I meant to ask was why is Citi Banks PE so high, it's around 33 before Fridays earnings report. The industries PE is around 10 as I understand it. If the stock was at around $24.00 before the report on Fri. and the PE was 33 you could cut the price in half, to $12.00 and the PE would still be too high, 16.5.
The author assumes much. On the subject of the dividends it is possible the dividend will be cut if not eliminated completely.