+ Watch C
on My Watchlist
A global financial services firm, Citigroup provides a range of offerings to consumer and corporate customers.
Housing market about to catch a tail wind
Red thumbing financials. Predicting a softening in the US economy and deteriorating credit metrics. Mainly in housing and auto loans.
.................No country has survived a more than 50% Government circular money exchange system. The rapid break down will occur within the next 5 years.
Finally! recovering nicely from their poor behavior that directly lead to the crash of 2008.Not sure they deserve it.
The value of the global franchise has not been fully incorporate into the price of the stock.
Book value and future rising interest rates
large cash position; value
The settlement helps C a lot -- some say they even got off easy given the nature and extent of their transgressions, but they are poised for growth (especially in Asia and Africa), so I like $50/share is right around the corner and then steadily up from there.
If the government treats the banks like it has other "vulnerable" industries, there will be additional fines for other reasons.
The cleanup of it's legal issues and toxic assets should boost future earnings and allow it to trade at a higher price/book (currently P/B is 0.71). It shouldn't be hard to get this to move 50% in the coming few quarters.
I picked this stock because it has a Price/Book ratio of less than 1, sales above 25B$ and EBIT larger than 10B$.
in while its "out"
The Worlds Bank.
Citibank will become the Worlds Bank.
On the rec of Kirk Spano.
Same as AIG, this is a long-suffering stock. I'm looking for a multi-year recovery as fundamentals and reputation gets better. It may never go back to its past glory, but there's a lot of room from here to there.
Still trades at a discount to book. Still expect earnings growth. Down the line, dividends will improve.
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