The FinancialContent Network     SocialPicks Community   |   MarketMinute Monitor   |   MarketMinute Market Updates   |   MarketMinute Stock News
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     
6 pts

Opinion on  Citigroup Inc (C)     Sector: Financial  >  Industry: Money Center Banks
Citigroup takes one for the team

Oct 15, 2009 01:12 PM GMT
Ironman
Return Risk
-0.93% LOW
Sr. Analyst

Although citigroup did its best to shovel off assets before the big game, it still took a meanial loss this quarters earnings report.

Citigroup, Inc. (NYSE: C ) reports Q3 adj-loss of $0.27, versus the analyst <nobr> estimate </nobr> of ($0.38). Revenue for the quarter was $20.4 billion, which compares to the estimate of $20.04 billion.

Q3 tier 1 ratio was 12.7% and tier 1 common ratio was 9.1%. Book <nobr> value </nobr> per share was $6.15.

They took one for the team this quarter, but look soon for this banking giant to be making a comback.


C:  This call was made on 10/15/09 @ $5.0
Rating:   Neutral/Hold   $5.0 (10/15/09)
Closed:   10/15/2009 @ $4.75 (-5.00% in 8 hours)
Target:   $5.20 (+4.00%) in One month
Allocation:   59.2% of portfolio


Comments (1)

Add Comment

Arrow_up
Arrow_down
krtz77   N/A     1 point   commented 39 days ago reply

nice


Your Comment



ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 21.10 +34.75% 378
2 18.14 +69.56% 208
3 17.66 +25.70% 55
4 13.47 +14.32% 61
5 12.13 +75.10% 38


POPULAR STOCKS
Symbol Company Name Sentiment

TODAY'S HEADLINES

TODAY'S TOP PICKS

 
Citigroup Inc (C)
   SocialPicks Sentiment:   

   This Quarter's Sentiment:
All:
30.0%
Top:
0.0%




Latest Picks by traderguy
Symbol SP Sentiment Rating Return Since
CVRG N/A Positive n/a 11/19/09
DARA N/A Positive +13.91% 11/12/09
KNDR N/A Positive n/a 10/18/09
RDN Positive -29.39% 10/16/09
C Positive -11.58% 10/16/09

View All >
   
traderguy previously rated C
Positive -11.58% The Piggy Bank never looked this good
10/16/2009
6
Positive +0.00% Citigroup price drop means big gains for new buyers
10/15/2009
6
Positive +0.00% Citygroup financial report will probably be in the black.
10/15/2009
6





IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch