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CITIGROUP INCCITIGROUP INCCITIGROUP INC

CITIGROUP INC

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C trade ideas

Leap this trade into next year! High Rates/No Jerome Milk LeftAfter an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it. Bull Case: We have a give or take 17% potential run to the upsides resistance level. Bear Case: Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run. On the other hand, these huge banks may get another program to help bail them out AND/OR they benefit largely from this rate increase/no cuts from squeezing all of the regional banks!
NYSE:C
by LeapTrades
Citi Group's 1st Qtr. Results: Profit Dips, But Beat ExpectationCitigroup's ( NYSE:C ) recent earnings report for the first quarter of the year showcased a mixed performance, with profits declining but still surpassing market expectations. The bank reported a 27% decrease in net income compared to the previous year, largely attributed to a $483 million charge associated with CEO Jane Fraser's extensive reorganization initiatives. Despite the decline in profits, Citi's adjusted earnings per share exceeded Wall Street forecasts, reflecting the bank's ongoing efforts to streamline operations and improve efficiency. CEO Jane Fraser highlighted the completion of the organizational simplification announced in September, resulting in a cleaner management structure aligned with the bank's strategic objectives. Investor sentiment responded positively to the earnings report, with shares in the third-largest U.S. lender rising by 2.5% in early trading. The bank's cost-saving measures, including a reduction in headcount by 7,000 employees, are expected to generate annual savings of $1.5 billion, further bolstering investor confidence in Citi's future prospects. Revenue performance across Citi's various segments varied, with notable strength in services and banking divisions. Revenue from cash management, clearing, and payments services for corporations surged by 8%, while a resurgence in capital markets and investment banking fees fueled a significant increase in banking revenue. However, challenges persisted in certain areas, particularly in trading and wealth management. Trading revenue experienced a decline, primarily driven by lower performance in fixed income and currencies, while wealth management revenue contracted by 4%. Looking ahead, Citi Group ( NYSE:C ) remains focused on driving growth in wealth management and investment banking, areas identified for potential expansion. CEO Jane Fraser's leadership during the ongoing reorganization efforts has been instrumental in reshaping the bank's operations and improving competitiveness. Despite positive strides, Citi Group ( NYSE:C ) continues to face regulatory challenges and workforce instability. Regulatory scrutiny from U.S. regulators regarding risk management practices underscores the need for ongoing compliance efforts. Additionally, ongoing efforts to address deficiencies in risk management, data governance, and internal controls, as outlined in enforcement actions from 2020, remain a priority for the bank. Overall, Citi Group's ( NYSE:C ) first-quarter results reflect a mixed performance amidst ongoing reorganization efforts. While challenges persist, the bank's ability to navigate regulatory hurdles, drive growth in key segments, and sustain investor confidence will be critical factors shaping its future trajectory in the competitive banking landscape.
NYSE:C
by DEXWireNews
C Buy Trade ## Citigroup Stock (C): Short Fundamentals & Recent News (as of February 18, 2024) **Fundamentals:** * **Current Price:** $55.24 (as of February 16, 2024) * **52-Week Range:** $38.17 - $57.95 * **Market Cap:** $86.36 billion * **P/E Ratio:** 11.24 * **Dividend Yield:** 3.80% * **Analyst Rating:** Overweight (average) * **Price Target:** $54.85 - $61.15 **Recent News:** * **Citi Foundation awards $50 million to advance community finance.** (February 16, 2024) * **Citi expands Impact Fund to $500 million to close gender and racial gaps in VC.** (February 9, 2024) * **Citi reports strong Q4 earnings, exceeding analyst expectations.** (January 18, 2024) * **Citi raises dividend by 8%.** (January 18, 2024) * **Federal Reserve approves Citi's capital plan.** (December 15, 2023) **Disclaimer:** This information is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. **Additional Notes:** * The stock is up over 40% in the past year and is currently trading near its 52-week high. * Analysts are generally bullish on the stock, with an average price target above the current price. * The company is in a strong financial position and has a good track record of profitability. * However, the stock is not without risks, such as the potential for a recession or increased regulation. I hope this information is helpful. Please let me know if you have any other questions.
NYSE:CLong
by MoonTradingForecast
📈 CITIGROUP GETS UP TO RECOVER, BREAKS THROUGH MULTI WEEK HIGHSCitigroup stocks hit highest since March 2022, last up 5% as brokerage Morgan Stanley upgrades NYSE:C to "overweight" from "underweight", as well as NYSE:BAC and NYSE:GS to "overweight" from "equal-weight". Brokerage sees a rebound in capital markets amid growing signs of an imminent rebound in dealmaking. Also expects regulators to ease the Basel III Endgame proposals, a set of rules that will make capital requirements stricter for banks, which have been one of the flashpoints in the industry for months. Brokerage says the proposals could be eased to be more aligned with Europe so that European banks do not have an unfair advantage. Any easing of the draft rules will open the door for a significant increase in stock buybacks, as large-cap banks sit on the highest excess capital levels ever - NYSE:MS . The main technical graph says that NYSE:C shares add +5.25% on Tuesday, break through multi week highs, with possible further recovery to multi year top $80 level.
NYSE:C
by PandorraResearch
Citigroup Faces Tough Times: 20,000 Job Cuts, $1.8 Billion Loss 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 a broader effort to streamline operations and enhance returns. The Financial Struggles: Citigroup's fourth-quarter results reveal a $1.8 billion loss, attributed to $4 billion in one-off charges and expenses. These charges include $800 million tied to the restructuring, substantial hits from its exposure to Russia, and the devaluation of Argentina's peso. The bank's quarterly performance is the weakest since the aftermath of the 2008 financial crisis, underscoring the magnitude of the challenges it faces. CEO's Response and Restructuring Plan: Jane Fraser, Citigroup's Chief Executive, acknowledged the disappointing performance but emphasized the progress made in simplifying the organization and executing their strategic vision. The restructuring plan aims to cut costs and streamline operations, with a focus on reorienting the bank around its lines of business rather than geographical reach. Fraser plans to eliminate five layers of management, reducing them from 13 to 8, with business unit heads reporting directly to her. The cost of these changes is estimated to be as high as $1.8 billion but is expected to yield annual savings of up to $2.5 billion by 2026. Job Cuts and Organizational Simplification: Citigroup anticipates reducing its overall headcount to as low as 180,000 by 2025 or 2026, down from 240,000 at the beginning of the previous year. The bank had only cut 1,000 roles by the end of December, and the remaining reductions are expected to follow the completion of organizational simplification by the end of the first quarter of this year. Beyond the restructuring process, Citigroup plans to shed an additional 40,000 workers through exits from its consumer banking business in Mexico and other regions. Financial Impact and Market Reaction: Despite the challenging quarter, shares in Citigroup remained flat in early afternoon trading in New York. The bank acknowledges that the unexpected resilience of the U.S. economy has provided some relief, with credit card spending and corporate expenditures boosting revenues in the consumer banking and treasury services divisions, respectively. However, challenges in the corporate lending division, with a 26% drop in revenues, and a 25% plunge in revenue from sales and trading of bonds, commodities, and currencies, underscore the broader economic headwinds. Conclusion: Citigroup's announcement of significant job cuts, coupled with its worst quarterly performance in over a decade, paints a challenging picture for the banking giant. The bold restructuring plan led by CEO Jane Fraser signals a commitment to adapting to changing market dynamics and improving the bank's overall performance. As Citigroup navigates these turbulent waters, eyes will be on its execution of the restructuring plan and its ability to emerge stronger in the post-restructuring era. The coming months will be crucial in determining whether 2024 will indeed be the turning point predicted by the bank's leadership.
NYSE:CLong
by DEXWireNews
C is over for goodCitigroup is likely done for good. After it dropped below the trend line during August, it did find support and bounce back. But imagine it found great resistance at that same trend line. Yesterday it created a powerful reversal candle, a huge Gravestone Doji. Also, there is a huge possibility that if today gaps down, it would also represent an even stronger bearish reversal candle, an Abandoned Baby. Oh boy, oh boy, this looks like C is done for a really long period of time and will revisit lows. Also, the issue is, as this was made on huge volume, which confirms big boys did sell in this huge pump from yesterday, and they will likely continue to sell their stock. Big red, aka 200 days MA, could be the first pause but could be only for days or so. The chance for this not to drop hard is less than 20%
NYSE:CShort
by Consistent_Trades
2
C, 9d/-11.97%falling cycle -11.97% in 9 days. ================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:CShort
by Tonyder