Citigroup Inc

  • Preferred Stock Investors Now More Risk Tolerant with Bank Preferreds

    By Doug K. Le Du - September 2, 2013 | Tickers: C

    Rating agencies and preferred stock investors, while using different methods, usually judge the investment risk of a preferred stock with very little disparity. Where agency ratings come in the form of a quantitative rating on a scale [1], investor conclusions about risk are reflected in today's market price (and hence yield).

    Preferred stocks that are viewed as having similar risk frequently have similar yields -- same risk, same reward.

    There more »

  • Citigroup: Are Big Banks Still Making Money?

    By Neha Gupta - August 27, 2013 | Tickers: BAC, BOFI, C, EVER, WFC

    Big banks aren’t popular with investors or the general public these days. There are even some analysts that claim online organizations such as Bank of Internet (NASDAQ: BOFI) are the future of banking. Yet some traditional banks are doing really well even in the face of public anger.

    Free Cash Flow Proves Brick and Mortar Banks can Still Compete Citigroup (NYSE: C) is definitely among them; the giant New more »

  • Banking Is Back

    By Ryan Gilbert - August 12, 2013 | Tickers: BAC, C, JPM

    And not just for a visit. Big banks like Citigroup (NYSE: C) barged into investors' proverbial house and put their feet up on the coffee table. 

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    Source: Google Finance

    The financial sector performance (represented by XLF) is running circles around the S&P 500 (represented by SPY) in 2013 and will likely continue to do so.

    But the comeback's been a long-time in the making. Since the financial crisis more »

  • Rates High or Low, No One Will Know

    By Marie Palumbo - August 12, 2013 | Tickers: C, JPM, MS, XLU

    It’s old news: interest rates remain low due to the Fed’s bond buying. It’s time for a different story. Bernanke suggested in May and again in July that the Fed may back down on its economic interference. The rumor mill currently cycles a variety of estimated dates: next fall, next winter, next year.

    However, when it happens seems to be irrelevant to some investors who already behave more »

  • The Financial Regulators of Tomorrow

    By Gaurav Seetharam - August 7, 2013 | Tickers: BAC, C, JPM, WFC

    One of the natural by-products of the 2008 financial collapse was a reassessment of how we regulate our biggest banks. To me, the LIBOR scandal perfectly summarized the biggest problem that we face when confronting the issue of financial regulation. Yes, I know it happened across the pond and therefore falls outside the purview of American regulators, but Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM), and Citibank more »

  • What the Future Holds for Citigroup

    By Tanya Kanodia - August 6, 2013 | Tickers: C, JPM, WFC

    Citigroup (NYSE: C) is a large financial services company offering services like corporate banking, investment banking, retail brokerage and cash management to clients across the globe.

    The stock has gone through a lot of turbulence over the last year, finally managing to end on a high note, up 40% for 2012. The company has performed decently in the past quarter. However, there are apprehensions in the market regarding the future more »

  • A Simple Way to Value Banks

    By Ted Cooper - August 6, 2013 | Tickers: BAC, C, JPM, WFC

    Banks are notoriously difficult to value. They are so different from non-financial companies that many investors decide to ignore the industry altogether. However, doing so may keep investors from seeing some of the better opportunities the market has to offer.

    Instead of building a complex earnings model using the reams of data provided in a bank's 10-Ks, long-term investors can get away with using a handy shortcut. Since the more »

  • Banking On, Well, Banking

    By Marshall Hargrave - August 2, 2013 | Tickers: C, JPM, WFC

    One of the great turnaround stories that's still taking shape is Citigroup (NYSE: C). With all the talk surrounding the mixed results of the housing market and the auto industry in full-fledged rebound mode, much of the spotlight has been taken off the financials. I plan to re-aim this spotlight.  

    Before the financial crisis, Citi traded at a premium to both JPMorgan Chase (NYSE: JPM) and Bank of America more »

  • Go Long With These Big League Banks

    By Marie Palumbo - August 2, 2013 | Tickers: BAC, C, JPM, WFC

    The 2013 MLB All-Star Game was held on July 16, 2013. For a few days culminating in one epic night, the best players in the league came together to compete. While having an All-Star track record doesn't translate directly into future success, the more notorious players have many advantages that help increase its occurrence.

    Just as in baseball, some of the biggest players in the banking industry have consistently more »

  • Federal Regulators and the Banking Sector

    By Kyle Colona - August 1, 2013 | Tickers: C, JPM, UBS, WFC

    U.S. Federal Regulators continue to hit the money center banks with steep fines and penalties and investors should take note. The latest news concerns settlements between the money center banks and an array of federal regulators and agencies.

    FHFA Settles with UBS

    The Federal Housing Finance Agency (FHFA), the overseer of Fannie Mae and Freddie Mac, announced an $885 million accord with UBS (NYSE: UBS) last week. The big more »

  • Billionaire Louis Bacon’s Long-Term Stock Picks

    By Meena Krishnamsetty - July 29, 2013 | Tickers: AGO, C, JPM

    Insider Monkey tracks quarterly 13F filings from hundreds of hedge funds, including Moore Global, the hedge fund founded and managed by billionaire Louis Bacon. The primary purpose of our database is to help us research investment strategies (for example, we have found that the most popular small cap stocks among hedge funds outperform the S&P 500 by 18 percentage points per year), but we can also look back a more »

  • 3 Financial Stocks to Consider

    By Chris Johnson - July 29, 2013 | Tickers: AFL, C, XLF, JPM

    Financial stocks have been fantastic bets throughout the recovery, but some look to have more room to run than others.

    The Financial SPDR ETF (NYSEMKT: XLF) is up 23% year-to-date. Over the course of the past year, it has outperformed the broader market by a whopping 16 percentage points. Even though the financials have been one of the hottest sectors of the first half of 2013, there is still value more »

  • New Overseas Trading Rules Adopted, Now What?

    By Kyle Colona - July 26, 2013 | Tickers: C, GS, JPM

    The Commodities Futures Trading Commission (CFTC) recently adopted new trading rules for US banks' overseas operations.

    The federal regulator’s cross border guidance applies to American banks conducting trade in London, the European Union and elsewhere in the global village. The new rules are part of the CFTC’s new-found powers under the Dodd-Frank reform measure. In particular the cross border guidance is aimed at the $700 trillion derivatives market more »

  • Which is the Best Bank for Shareholder Returns

    By Rupert Hargreaves - July 25, 2013 | Tickers: C, GS, JPM, WFC

    Second quarter results for the country's biggest banks appear to show that the glory days of banking are back. The total net income of JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), Bank of America, Goldman Sachs (NYSE: GS) and Morgan Stanley touched a level not seen since the second quarter of 2007, and more importantly, the banks did this on a loan to deposit ratio of more »

  • Do This Mega Bank’s Q2 Results Mean It Is Still a Buy?

    By Meena Krishnamsetty - July 25, 2013 | Tickers: BAC, C, JPM, MS

    Citigroup (NYSE: C) has more than doubled in price over the last year, as U.S. stocks generally have done well and investors have become more confident in the safety of the bank’s assets. The stock still trades at a considerable discount to the book value of its equity, with a P/B ratio of 0.8. According to the results that Citigroup has released for the second quarter more »

  • Citi is Back from the Ashes

    By Rashmi Singh - July 24, 2013 | Tickers: BAC, C, GS

    Citigroup (NYSE: C) pleasantly surprised the analysts and investors alike as it announced the second quarter results reporting a profit of $4.2 billion, up 42% from a year earlier on the back of strong performance in the emerging economies.

    The results are indicative of the bank’s efforts of aligning itself with its global strategy of overseas expansion and exit from businesses that are unfit to its strategic vision more »

  • Banking on Banks

    By Callum Turcan - July 22, 2013 | Tickers: C, GS, WFC

    Several big banks have reported earnings over the past week and it has helped push stocks back up to record highs. Citigroup (NYSE: C) reported earnings on Monday that beat expectations and helped counterbalance tepid consumer spending numbers (which was up only 0.15% for core sales).

    Citigroup posted earnings of $1.25 a share ($3.89 billion), which beat expectations of $1.17 a share and was up from more »

  • The Big Bank Earnings Round-Up

    By Timothy Green - July 22, 2013 | Tickers: BAC, C, JPM, WFC

    The beginning of earnings season has brought with it the results of four of the largest banks in the country - JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Bank of America (NYSE: BAC). All of these banks showed strong growth in the quarter, with all four beating analyst expectations handily. But which of these banks offers the best value for investors?

    Strong results, some worries

    JPMorgan, led more »

  • Billionaire Michael Price’s Long Term Stock Picks

    By Meena Krishnamsetty - July 21, 2013 | Tickers: BDX, C, GLF, MHFI, RUTH

    One of the most common objections to incorporating 13F filings into an investment process is that the information in these filings is a bit out of date; the most recent round of filings discloses many of a hedge fund’s or other major investor’s long equity positions as of the end of March. However, at Insider Monkey we’ve actually found that the most popular small cap stocks among more »

  • JPMorgan Chase and Citigroup Have Outperformed

    By Alexander Cho - July 21, 2013 | Tickers: C, XLF, JPM

    The financial sector seems to be on a tear lately. For the most part, the analyst community believes that the banks are reporting somewhat inflated earnings. However, in my book, a beat is a beat. Another way of looking at it is that regardless of how sloppy a touchdown looks, as long as the person gets in the end zone, it is still a touchdown.

    The financial sector continues to more »

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