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6 pts

Opinion on  Citigroup Inc (C)     Sector: Financial  >  Industry: Money Center Banks
Bullish on C ...

Jul 12, 2008 02:56 PM GMT
Foto
Return Risk
-24.55% HIGH
Principal

Analysts' Recommendation: Hold 30 Days Ago: Hold Analysts' Target: $30 Analysts' Targets Lehman Brothers $31 Overweight Monday, June 09, 2008 Punk, Ziegel & Company $31 Buy Monday, April 21, 2008 UBS Securities $29 Add Wednesday, January 16, 2008 BusinessWeek Rankings Best Global Brands Best Global Brands 2007 #10 2006 #11 World's Most Innovative Companies World's Most Innovative Companies 2007 #36 Citigroup, Inc., together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company’s Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail. As of December 31, 2007, this segment operated through a network of 8,527 branches, approximately 20,000 ATMs, and 530 ALMs. Its Markets and Banking segment offers a range of trading, investment banking, and commercial lending products and services, such as securities and banking, and transaction services to companies, governments, and institutions. The company’s Global Wealth Management segment provides investment advice, financial planning, and brokerage services to affluent individuals, companies, and non-profits organizations; personalized wealth management services for high-net-worth clients; and research to individuals and institutions. Its Alternative Investments segment manages products across five asset classes, such as private equity, hedge funds, real estate, structured products, and managed futures. The company also originates and services prime residential mortgage loans. Citigroup, Inc. has a joint venture with SK Telecom Co., Ltd. to develop mobile-banking and payments services. The company was founded in 1812 and is based in New York, New York.


C:  This call was made on 07/12/08 @ $16.76
Rating:   Positive   $16.76 (07/12/08)
Closed:   07/19/2008 @ $19.35 (+15.45% in 7 days)
Allocation:   2.4% of portfolio


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Alpha-zilla
Alpha Zilla   44%     1 point   commented 509 days ago reply

hind sight is always 20/20. I remember when everyone was saying buy BAC @ 28! I would not be suprised if no one goes long on a bank until their books look more transparent.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a1liVM3tG3aI&refer=home

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Alpha-zilla
Alpha Zilla   44%     1 point   commented 505 days ago reply

premarket has "C" set to open 10% higher! It looks like the not so bad news about profits will reward Citi as it did JP Morgan. Do we live in a bizzarro world or what! "We ONLY lost 2.5 Billion instead of 3 Billion!" Well ok here is a 10% bost to your stock! :)

This is like when GM annouced a suspension of of its Dividend and more cut backs to raise 15 Billion. "Hey we are only buring through a Billion a month...By our calculations we can be on life support for another 15 months!" Ok well here is a 36% bost to your stock....even though you may never find your head from you butt in that amount of time! ;)


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