Citigroup Inc
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Three Compelling Takeaways From List Of Hedge Fund Favorites
By Brian Nichols - May 24, 2013 | Tickers: AIG, C, MSFT
Last week, Goldman Sachs released its quarterly VIP list -- showcasing the top 50 stocks that appear most frequently as top-10 holdings among hedge funds. With that said, I am looking at the top 20 on that list including key takeaways that I find most compelling.
A Look At The Top 20!
Goldman’s VIP list has become widely known as a hedge fund tally. It is perhaps one of the more »
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Billionaire Leon Cooperman's Top Stocks for Rest of 2013
By John Macris - May 24, 2013 | Tickers: C, S, RIG
Leon G. Cooperman is one of Wall Street’s most beloved sons. The Bronx, New York native began his financial career at Goldman Sachs following graduation from Columbia Business School in 1967.
After a splendid and fortuitous 25-year passage, Cooperman retired from Goldman in 1991 and founded Omega Advisors, a New York-based hedge fund which has grown to $8.1 billion AUM as of April 30, 2013. He is still more »
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Comparing Bank Of America to Other Major Banks
By Nauman Aly - May 23, 2013 | Tickers: BAC, C, JPM, WFC
Investors were alarmed when Bank of America (NYSE: BAC) did not meet the expected $0.22 earnings per share. Instead, earnings per share were $0.21. This has spooked many investors. Especially since Bank of America did not meet estimates, but all other major banks did meet expected earnings. Revenue was down but deposits increased. This has caused people to worry about the future value of the stock. However, I more »
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From London To Dubai, This Fund Is Bullish
By Meena Krishnamsetty - May 22, 2013 | Tickers: C, HIG, ICE, SLM, BX
Toscafund Asset Management is an asset manager based in London and Dubai. The firm was founded in 2000 by Martin Hughes and is part of Old Oak Group. The fund recently filed its first quarter 13F with the SEC, describing some of its main investments during the first three months of 2013. A quick look at Toscafund’s top five equity positions is a good place to start. See the more »
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Revenue Dampened Environment No Problem For These Banks
By Adnan Khan - May 22, 2013 | Tickers: C, JPM, USB
The large cap banks will continue to face headwinds as far as their revenues are concerned due to the ultra low interest rate environment and sluggish growth in loans. However, this report will feature any signs of improvement and try to differentiate between banks. I believe given the revenue challenged environment, banks that are able to contain their expenses and grow their top lines are best positioned. I believe Citigroup more »
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Profit From Africa's Growth With These 3 Early Movers
By Rupert Hargreaves - May 21, 2013 | Tickers: BCS, C, DB, MA, V |
According to the IMF, Africa's economic growth is surging, especially south of the Sahara with the Ivory Coast and Mozambique leading the way. Economic growth in countries south of the Sahara is expected to be 8% this year. South Africa, the continent's biggest economy, is expected to grow at 3.3% after recovering from the crippling mining strikes in the country last year.
Meanwhile, the IMF predicts that more »
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Day-to-Day Returns Magnified Three Times in this ETF
By Jeff Stouffer - May 21, 2013 | Tickers: BRK-A, C, FAS, JPM, WFC
The combination of leverage-enhanced day trading to a passive index exchange-traded fund can result in returns hard to attain or losses hard to digest. Leveraged ETFs are designed to profit when the direction of the index is correct. The Direxion Daily Financial Bull 3X Shares (NYSEMKT: FAS) is such an ETF that holds the entire Russell 1000 Financial Services Index. This ETF was created on November 4, 2008 and has more »
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Rebounding Housing Markets To Help This Bank
By Red Chip - May 21, 2013 | Tickers: C, JPM, WFC
Mortgage industry is one of the leading business sectors in United States. For Mortgage service provider, profitability depends on the volume and the prevailing interest rate. In United States, JP Morgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America and Wells Forgo (NYSE: WFC) are among the leading home mortgage service providers. Five of the largest banks of the nation have a market share of over 53.2%. According more »
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Top Two Stocks in David Tepper's Portfolio
By Anh HOANG - May 21, 2013 | Tickers: BAC, C, UAL
David Tepper, the founder of Appaloosa Management, has delivered extremely high annualized return of 27.4% in the past 15 years, beating the S&P 500 annualized return of only 6.8%. He currently owns 69 stocks in his portfolio, with the total market value of more than $4.7 billion.
As of March 2013, his top two positions were Citigroup (NYSE: C) and United Continental Holdings (NYSE: UAL). Citigroup more »
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This Bitter Pill Will Create Long-Term Value for JPMorgan Shareholders
By Adnan Khan - May 20, 2013 | Tickers: BAC, C, JPM
JPMorgan Chase (NYSE: JPM), once considered the safest bank in the nation, is becoming famous for bad deeds. First the loopholes in its internal controls exposed by the London Whale incident, and now corporate governance issues. While the anticipated split in the roles of the CEO and the chairman would be beneficial, analysts believe the bank’s stock could fall by almost 10% if the roles are split and Jamie more »
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3 Industry Leaders With Strong Dividend Growth Prospects
By Andrés Cardenal - May 20, 2013 | Tickers: BAC, CSCO, C, F, WFC
Making good investment decisions doesn´t need to be too complicated. On the contrary, sometimes the best alternatives are the most simple and straightforward. The following three industry leaders have rock solid competitive positions, nice dividend yields, and more than enough resources to continue raising their payments in the long term. You don´t need a degree in rocket science to tell that they are positioned to deliver solid returns more »
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Billionaire Michael Price's Top Stock Picks
By Meena Krishnamsetty - May 20, 2013 | Tickers: Y, C, FXCM, HES, INTC
We track quarterly 13F filings from hedge funds and other notable investors as part of our work researching investing strategies (we have found, for example, that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year). 13Fs can also be useful for tracking individual fund managers' activity over time and therefore serving as a free source of initial investment ideas more »
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Citigroup Is Cheap Right Now
By Shazir Mucklai - May 20, 2013 | Tickers: C, HBC, JPM
Citigroup (NYSE: C) has long been hailed as the bank that delivers results. Citigroup did exceptionally well in passing the “Stress Test”; it passed with flying colors. The bank posted an 8.3% Tier 1 common-capital ratio, the highest in its respective industry. These tests show how banks would do under severe economic conditions.
This is just one of the many exceptional qualities that Citigroup possesses as of right now more »
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Can These 4 Banking Giants Make You Money?
By Bill Edson - May 20, 2013 | Tickers: ALFI, C, JPM, MTB
JPMorgan Chase (NYSE: JPM), Ally Financal (NASDAQOTH: ALFI), Citigroup (NYSE: C), and M&T Bank (NYSE: MTB) are among the nation's top banks that have survived recessions of the past and pledge to protect their customers through good and the bad. While these banks have a history as America's banks, it is unclear whether they have futures as bright as their pasts. Should you keep your accounts active more »
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5 Reasons to Buy This Bank
By Chad Henage - May 19, 2013 | Tickers: BAC, C, JPM, WFC
Among all of the hoopla in the last few years about big banks, something that seems to be getting lost in the shuffle is, a few “big banks” are actually doing pretty well. In fact, I would argue that many of the big banks represent good values at the current time. Though JPMorgan & Chase (NYSE: JPM) has been put through the wringer over its trading practices, there are at least more »
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4 Reasons This Company Could Do Better Than You Think
By Chad Henage - May 18, 2013 | Tickers: BAC, C, JPM, WFC
When I look at Citigroup (NYSE: C), I can't help but think of something that Peter Lynch said about Fannie Mae years ago. I know that people have bad feelings about Fannie Mae today, but when Lynch was managing Fidelity Magellan, this was one of his best performing stocks. He picked Fannie Mae because he saw the company's long-term opportunity, though others saw current problems. This is exactly more »
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Insights From CI Investments’ Five Big Buys
By Aubrey Tabuga - May 16, 2013 | Tickers: ABBV, BAX, CVX, C, OXY
CI Investments has recently won seven 2013 Lipper Fund Awards for its strong risk-adjusted returns relative to its peers. I looked into its first quarter big buys from a fundamental lens to provide investment insights. These are AbbVie (NYSE: ABBV), Baxter (NYSE: BAX), Chevron (NYSE: CVX), Occidental Petroleum (NYSE: OXY), and Citigroup (NYSE: C).
Interestingly, these stocks have all posted positive earnings surprises, have P/E ratios not higher than more »
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Analyzing 3 Banks that Hedge Funds bought in the last quarter
By Victor Selva - May 16, 2013 | Tickers: BAC, C, WFC
The past twelve months have been positive for financial companies, becoming one of the best performing industries with a return of 22.1% (DJ US Financials Index), outperforming Dow Jones Industrial Average return of 14.8%. Key drivers of this strong performance were the improvement in the housing market, low valuation multiples, and market sentiment driven by a bullish market.
In this report I analyze the potential for further gains more »
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Billionaire Hedge Fund Manager: The Market Can Only Go Up!
By Salvatore "Sam" Mattera - May 15, 2013 | Tickers: C, UPRO, SPY
Appaloosa Management has been one of the most profitable hedge funds of the last few years. Its founder, David Tepper, appeared on CNBC Tuesday to give his latest market prognosis: stocks will continue to head higher!
The 'Tepper Rally'
In recent years, Tepper is mostly known for the so-called “Tepper Rally” that took place from the fall of 2010 to the summer of 2011. In September 2010, Tepper made a more »
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The Best Financial Companies: Head to Head
By Daniel Murray - May 15, 2013 | Tickers: C, GS, IYG, JPM, WFC
The financial services sector has recovered splendidly from the beat down it suffered during the 2008 financial crisis. It has been one of the best performing sectors in the last year, and sentiment remains high for the industry in 2013.
This article compares the attributes and recent performance of four of the biggest names in the industry: Wells Fargo (NYSE: WFC), JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), and Goldman more »
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