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Citigroup Inc

  • JPMorgan Needs Jamie Dimon

    By Alexander Cho - May 15, 2013 | Tickers: BAC, C, JPM

    Will Jamie Dimon leave JPMorgan Chase (NYSE: JPM)? The media has been speculating as to whether the CEO of the bank may leave if he loses his position as the Chairman. This is going to be tough for the board of directors, but I believe the board will keep Jamie Dimon as he’s just too valuable to the bank.

    Stock return since Jamie Dimon became CEO

    Source: YCharts

    Jamie more »

  • Wells Fargo: Why It Should Be a Part of Any Long-Term Investor's Portfolio

    By Matt Smith - May 14, 2013 | Tickers: BAC, C, JPM, WFC

    Since the Global Financial Crisis, banks have been on the nose for many investors, yet opportunities abound in the sector for investors who are willing to do their homework. One U.S. bank that came through the crisis in relatively good shape is Wells Fargo (NYSE: WFC), and it is no accident that Warren Buffett is now the largest individual shareholder in the company. According to Berkshire Hathaway´s latest more »

  • Hedge Fund Peak6 Capital’s Top Stock Picks

    By Meena Krishnamsetty - May 14, 2013 | Tickers: C, FCX, PSX, QCOM

    Peak6 is a diversified financial services firm co-founded in 1997 by Matthew Hulsizer and Jennifer Just, who had previously worked together at Swiss Bank (one of the forerunners of UBS) and in derivatives at O’Connor & Associates. Among other services, Peak6 manages the online brokerage OptionsHouse, advises wealthy individuals, and operates a paper trading site. Peak6 also manages investments under the name Peak6 Capital. In 2010, Hulsizer launched an unsuccessful more »

  • Should You Buy The Companies You Hate?

    By Christopher Drose - May 13, 2013 | Tickers: AIG, BAC, BP, C, CMCSA, GS, HAL, JPM, WFC

    I recently saw a list of the most hated companies in America. A couple of days later a saw a list of the new most popular stocks among hedge funds and AIG (NYSE: AIG) was also at the top of both of the lists. So I decided to look a little more into the most hated companies and how there stocks have performed this year and every stock is up more »

  • 3 Well Known Financial Stocks

    By Victor Selva - May 10, 2013 | Tickers: C, GS, WFC

    A couple of years ago, investing in the financial sector was not for the faint of heart. However, for the adventurous, it turned out pretty well--last year the segment offered outstanding returns. Although reaching such highs seems pretty unlikely for 2013, some companies still offer compelling investment prospects. Citigroup(NYSE: CNYSE: C)), Goldman Sachs (NYSE: GSNYSE: GS)) and Wells Fargo (NYSE: WFCNYSE: WFC)) are three of the industry’s giants that deserve a more »

  • Don't Miss This Rebounding Banking Stock This Year

    By Madhu Dube - May 10, 2013 | Tickers: BAC, C, JPM

    Citigroup's (NYSE: C) first quarter results came as a surprise for the investors, with net income of $3.8 billion showing a rise of 31% year over year. This increase was due to the solid top-line growth in its securities and banking division, which includes its advisory, underwriting, trading and private banking units. In this quarter, this division generated revenue of $7.3 billion, which is around 50% higher more »

  • The Strongest Big Bank Still Has 2 Huge Problems

    By Chad Henage - May 8, 2013 | Tickers: BAC, C, JPM, WFC | Editor's Choice

    It's pretty amazing that Bank of America (NYSE: BAC) could be called the “strongest big bank,” but I can honestly suggest that with a straight face. Like a phoenix rising from the ashes, Bank of America has transformed from a company investors thought might not make it, to a financially sound financial institution. That being said, the bank has two big problems that it must overcome if it wants more »

  • Two Recent Biggest Positions in Irving Kahn's Portfolio

    By Anh HOANG - May 8, 2013 | Tickers: BAC, C, PFE

    The oldest living investment professional, Irving Kahn, 107 years old, has managed to increase the market value of his long holdings by more than 17.8% in the past three months, from $576 million in the last quarter 2012 to more than $678.7 million in the first quarter 2013.

    According to his 13F filing, his top two positions are Pfizer (NYSE: PFE) and Citigroup (NYSE: C). Those two positions more »

  • N.Y. A.G. Gives BofA Shareholders News To Mull Ahead of Meeting

    By Tedra DeSue - May 8, 2013 | Tickers: BAC, C, JPM, MBI, WFC

    Bank of America (NYSE: BAC) investors had plenty to celebrate this week as the company reached a historic settlement with bond insurer MBIA. However, as they go into the bank’s annual shareholder meeting on Wednesday, many may have questions about a newly filed lawsuit against it charging it is violating the terms of the National Mortgage Settlement.

    The continuing legal settlements Bank of America has faced stemming from the more »

  • Consider These Financial Giants for Your Portfolio

    By Nauman Aly - May 6, 2013 | Tickers: COF, C, HBC, ING

    While some consumers may be shying away from credit, others are continuing to see the benefits, and that's keeping revenue and profits high for large payment processing companies like Capital One Financial (NYSE: COF). This entity, that operates as a bank holding company for the Capital One Bank, is focused on three primary segments -- credit cards, consumer banking, and commercial banking -- and is the sixth largest U.S. bank more »

  • My Analysis on the Best 3 US Banks

    By Victor Selva - May 5, 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 we analyze the potential for further gains more »

  • Wall Street and Washington: Looking at Corporate Ties to Public Officials

    By Nicholas Southwick - April 30, 2013 | Tickers: C, XOM, AMTD

    Do Government employees and politicians actually care about you, or do they care more about the price of Exxon Mobile (NYSE: XOM) common? With 93% of Americans losing 5% of their nest egg over the past three years, and with Exxon fetching just 9X last year’s earnings and under 11X forward earnings the answer is self-explanatory. But is Exxon’s gain really your loss?

    Once upon a time a more »

  • Shareholder Activism Is Good for Banks

    By Adnan Khan - April 30, 2013 | Tickers: BAC, C, JPM

    Although shareholders are the real owners of a corporation, they don’t get to run the corporation on a day to day basis. Management gets to run the company, which may cause conflict of interest. Shareholder activism is a way in which the shareholders of a company attempt to influence the decision making.

    In the past, shareholder activism led positive changes within Citigroup (NYSE: C). The remaining of the investment more »

  • Bank of America Missed Earnings: Buy It Anyway

    By Alexander Cho - April 30, 2013 | Tickers: BAC, C, JPM, WFC

    Bank of America’s (NYSE: BAC) earnings missed analyst estimates. Bank of America reported earnings of $0.21 per share. Analysts, on a consensus basis, were expecting earnings of $0.22. Bank of America was the only bank, among the systematically important ones, to miss earnings. The decline in earnings came from the decline in revenue from its Consumer & Business Banking Segment. The company saw an increase in the amount more »

  • Wells Fargo Is Still Riding Strong

    By Nauman Aly - April 30, 2013 | Tickers: BAC, C, WFC

    With the image of big bank bailouts still fresh in many peoples' minds, it would seem that investing in shares of banking industry stocks isn't such a great idea. Yet the right bank stock purchased at the right price could provide investors with both growth and income in their portfolio. Take for instance, Wells Fargo (NYSE: WFC). Here, investors who are seeking dividend income could be well rewarded by more »

  • This Bank Is too Cheap to Ignore, or Is It?

    By Marshall Hargrave - April 29, 2013 | Tickers: BAC, C, GS, NES.DL, UBS

    Like the host of financial stocks pressured in the wake of the bursting of the real estate bubble, Morgan Stanley (NYSE: MS) has been right there along with the best of them, seeing its market value tumble more than 55% over the last five years. 

    When looking over how some of the top banks trade, one big thing that stood out to me was the relative cheapness of Morgan Stanley more »

  • US Banks Report Mixed Results With Consistent Expense Control Strategies

    By Adnan Khan - April 28, 2013 | Tickers: C, JPM, USB, WFC

    As the second quarter of the current year kicks off, most of the US money-center banks have already reported their performances for the first quarter of the current year. In this article, you will find the most consistent themes which were observed.

    Challenging environment

    The environment remained challenging for US banks to expand their top lines (revenue) and it appeared that banks with reliance on capital markets performed better in more »

  • Bank of America Hit by Settlements

    By Adnan Khan - April 24, 2013 | Tickers: BAC, C, WFC

    Unlike the rest of its peers, Bank of America (NYSE: BAC) reported an earnings miss on a revenue beat on legal-settlement stings. For the first quarter, Bank of America reported earnings per shares of $0.20, which was $0.02 below the consensus estimate, while the reported revenue of $23.7 billion was $200 million ahead of estimates. The first quarter revenue was also 5% above the revenue from a more »

  • Why Loss Aversion Can End up Costing You Big Time

    By Jarrod Bailey - April 24, 2013 | Tickers: AIG, BAC, C

    I have written about it numerous times, but it is a point worth repeating and reiterating that is –

    An investor's psychology will likely influence their portfolio returns more so than the financial analysis they perform.

    With this in mind, I am focusing in my current articles on the significant and various psychological traps investors and traders fall victim to. Often, without even realizing, they have done so. It is more »

  • This Mighty Bank Looks Set to Get Even Better

    By Alexander Cho - April 24, 2013 | Tickers: C, GS, JPM

    Goldman Sachs (NYSE: GS) has had another successful quarter as the company was able to grow both revenue and earnings at the same time. The company’s revenue increased 1% year-over-year, coming in at $10.09 billion. Its operating expense declined 1% year-over-year. The company saw an improvement in net earnings of 7% year-over-year. The company’s results mirrored that of the other banks.

    Peers saw similar performance gains

    Goldman more »

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