Citigroup, one of the largest banks in the United States, is navigating through challenging times as it grapples with a $1.8 billion loss in the fourth quarter of 2023—the worst in 14 years. The bank's CEO, Jane Fraser, announced a bold restructuring plan, including a significant workforce reduction of at least 20,000 jobs, about 10% of its workforce, as part of...
Citibank Opportunity - NYSE:C Company Market Cap: $82.2 billion Share Price Today: $42.68 Dividend: 0.53c per quarter (Annual Dividend of c.$2.06) Annual Dividend Yield: 4.82% Next Earnings Report: Friday 13th October 2023 Citibank (Citigroup) is the 20th largest bank in the world & a member of Global Systemically Important Financial Institutions...
Citigroup has been trading in this range for 14 years. Could it continue to keep going sideways? Yes. I will take a jab at this for a long term investment Invalidation: Monthly Close below $43.11
Looking at long term charts, the bank crisis has opened an opportunity to invest in bank stocks. Lowest risk is to go with the too big to fail banks. Citigroup is one of them. If you compare it to the other big bank stocks since 2008 you'll see that C has lagged behind while others recovered to pre-crisis levels. I think C can catch up in next few years. It is my...
This bank holds more cash around the world but we know that banks has no more cash at their vaults because of Federal reserve banking system. Interest rates kill them. So we might see CITI group might go below or pump atleast there is a buyer. Follow for more. This year is interesting on banks......
Citi bank is traveling towards the resistance @ 52. Once it touches 52, we can expect a short pull down to 49 or 48. Once it crosses 52/53, it will fly.
After the COVID-19 pandemic in 2020, the Federal Reserve used monetary policy to fight the pandemic, and household savings deposits reached about $1 trillion, with broad money M2 growing by over 25%. Many people were bullish on the US stock market, believing that these huge amounts of idle cash would one day enter the market as stocks. Obviously, many people...
$C has a very strong trend signal here, interesting setup forming here in the daily as well, looks like a pretty low risk long with decent upside. Interesting that banks act strong now as well, from an economic standpoint... Best of luck! Cheers, Ivan Labrie.
Right now the Puts for Citi expiring months out are very cheap and if we look slightly OTM we can see a put option expiring Mar 17th at the strike of $42.5 trading at under 40 cents. I could easily buy a bunch of these at a low risk and just see how it goes and that's what i will be doing. On the other end of things i will be hedging against my overall bearish...
hi citi is my favorite bank to play. it is funny bank, when bankers can play how they want the money without any control, and then lost their job. I don't know what kind of procedure they got but it does not work ... I think that this bank is manipulated a lot, lot of people - big fishes have got stocks in their pockets, bought roughly very cheap below 11 usd......
C dropped very sharply but recovered and has been moving consistently along this major trend line that formed in the beginning of price action Circles in green are very similar points and should be treated the same Safe buy along the strong trend line
I am expecting economical-sensitive investments like banks to crash to far lower levels than they reached in march 2020 due to even worse economic circumstances ( Contraction + Inflation entrenched)
Tilted body looks to be indicating a move further to the downside. We are going to possibly see a retracement back down to the $66 / $64 area. NYSE:C
i have shared everything on charts, i am suggesting you to make a long position around 142 for the targets of 180 with small sl of 135 thanks
XLF is over-inflated (financial sector) BlueWave will give a red dot sell signal soon. Stochastic RSi is overbought.
Second part of the look back in time Ford Citibank Bank Of America Micron Tech MT steel SPY
A flag pattern is formed. Enter after the breakout.