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CITIGROUP INC

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CITI trade ideas

Citigroup going to town. CShort term only. NFA Goals 66, 69. Invalidation at 57. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:CLong
by Rykin_Capital
CITI GROUP FORECAST MEDIUM TERMHello, Citigroup currently trading at ($59.23) is trading below our estimate of fair value ($77.38). I however set a target of USD 92.42. earnings are expected to be released in the next few days (14th April 2022) for the period ended March 2022. I still continue to look closely the impact of the banking system being used as a weapon of war in the Russia-ukraine crisis. Also key to look at is the impact of the global commodities rising on the banking stocks. Good luck.
NYSE:CLong
by thesharkke
3
Citigroup Is Seen to Have an 18% Upside PotentialJPMorgan, Citigroup and Wells Fargo are going to publish their quarterly earnings reports on Friday.JPMorgan’s Earnings per share (EPS) is expected to be at $3.03 and its revenue is forecasted to be $29.89 billion. Wells Fargo is expected to report EPS at $1.12 and revenue at $18.9 billion, while Citigroup is seen to report EPS at $1.38, and revenue at $16.75 billion.According to Refinitive polls the strongest upside potential is expected to be seen from the Citigroup stocks at $80.47 per share, or with an uprise of 18.72% of the current prices.  Let’s look closer at the technical incentives of this possible spike. Firstly, stocks are moving within the upward trend that started in March 2020, and the last time this trend line has reached was at the end of 2021. The recent upside wave started on December 20, 2021. However, the upside potential at the moment is limited by the resistance line of the junior downside trend from February 2021. This junior trend was approached by the price from the downside for the fourth time. This increases the chances of a possible breakthrough. Once successful, if the price surpasses the $68.70-69.00 area, it would lead the price to the previous highs at $80-83 per share. The last time Citigroup stock prices were located at $80.29 and at $80.70 was in June 2021 and January 2018 respectively. The all-time high for the stock prices was established at $83.11 in January 2020. So, technically there are no reasons to stop the climb after stock prices would break above $69.00 per share. However, even the ongoing attempt of a breakthrough would be less successful this time so Citigroup stocks should not be left behind, as they may perform a short downside correction to $64.50-65.00 to the crossing of the EMA21 and EMA55 moving averages on the daily chart. From this zone buy operations could be resumed as the next attempt of an upside breakthrough could finally succeed.
NYSE:CLong
by scavoanastasiia
1
Citi - A Conservative InvestmentReally interesting while all banks are doing great, and there is this sole company that lagged so much behind everyone, including the banking sector ETF: XLF. Because of that, I think it's a good idea to research a little bit about Citi. So based on statistics, given a 99% level of confidence, Citi is clearly sharing a similar pattern as XLF, but less gain, more loss. While examining the PE ratio, I noticed it was almost as close as the 2020 low. From the trend perspective, it looks like a descending wedge in my opinion, and with earnings coming, I think it's a good idea to start watching this stock. As it fell to the lower edge of the wedge, I am more optimistic about its outlook and am aiming for a target price of 63(conservative), and 68ish for a more aggressive move. I see the banking industry doesn't pay that well, but I personally believe the "expected return" ratio would be higher compared to the tech sector, as there really isn't too much risk involved at all. - By Qtaro
NYSE:CLong
by Kujo_Qtaro
2
Rectangle TopThis has broken to the downside after violating the bottom trendline of the rectangle. Target possible listed below but is getting close to the 100% fall from the rectangle. The width of the rectangle is used to project targets. It is a guesstimate only. Price can fall further or less than the 100% mark. A bear flag formed before the break of the bottom trendline of the rectangle which represents support until broken. It is now resistance. C broke the bottom trendline on the 5th touch. Bullish candle today. No recommendation
NYSE:C
by lauralea
Citigroup | Fundamental AnalysisCitigroup CFO Mark Mason lately visited the GS financial services conference and noted that the bank would suspend its share buybacks in Q4. This hidden comment took many shareholders by surprise. Part of the thesis of needing to own Citigroup now is that the bank can buy back a large number of shares as long as the stock is trading below book value (TBV), which is what the bank would be worth if it were liquidated. In case a bank buys back shares below TBV, the math works so that TBV goes up, and bank shares usually trade relative to TBV, so a rise in TBV is very good for the stock in the long run. The ability to buy back shares below TBV is rare, so investors were excited that Citigroup would be able to grab this opportunity while eliminating all of the bank's other problems and planning a new growth path. Let's take a look at why the bank was forced to suddenly suspend share buybacks and what this implies for the stock going forward. Banks are complex organizations, and they have numerous rules about how much capital they must hold in reserve for all their operations that could lead to losses (such as loans). In 2022, another intricate regulatory rule, called the standardized approach to assessing counterparty credit risk (SA-CCR), will come into force. Basically, the SA-CCR will require large banks like Citigroup to modify the way they calculate the risk associated with derivatives contracts. As you know, derivatives, which are financial instruments such as mortgage-backed securities, played a role in the Great Depression. The overall result of the SA-CCR is that most large banks will see an expansion in risk-weighted assets (RWA). Banks hold regulatory capital based on accumulated RWA, so if their internal regulatory capital ratio is 10% or 11% and then the RWA grows, they must hold more regulatory capital to maintain that ratio. And the more regulatory capital a bank holds in reserve, the less money it has left to invest in the business or distribute capital, such as paying dividends or repurchasing shares. Mason said the SA-CCR would result in a $60 billion to $65 billion increase in RWAs, which could require Citigroup to hold an additional 0.50-0.60 percent of its regulatory capital. That's not an inconsequential amount. Curiously, however, I haven't heard of any other major banks that have suspended share buybacks because of the SA-CCR despite the need to increase RWA. This may have been the case with Citigroup because the bank has embarked on a strategy update with many moving parts. For example, the bank is exiting 13 global consumer banking franchises as part of a broader idea to wind down areas where it does not have enough scale to compete and is instead investing in the bank's higher-margin businesses. Citigroup announced in the fourth quarter that it was winding down its consumer banking franchise in South Korea, which could result in costs of up to $1.5 billion. Citigroup posted a $680 million pre-tax loss in the third quarter due to the sale of its Australian consumer banking operations. Mason said the fourth quarter will be something of an "anomaly" when it comes to the bank's capital return philosophy and share buybacks, especially mentioning SA-CCR and expenses for Korea. Since SA-CCR requires an increase in RWA, and Korea expenses affected earnings this quarter, the bank may have run out of room over its target regulatory capital ratio to be able to conduct the stock buyback it originally planned. The suspended stock buyback is disappointing because it appears that management either didn't plan the capital buyback very well or didn't effectively communicate that information to shareholders. Mason said the bank will resume share buybacks next quarter at the level of the third quarter, which also fell a bit short of investors' expectations in terms of Citigroup's buyback volume. With Citigroup trading at such a low stock price and now well below TBV, the bank should buy back as much stock as possible. With the poor track record that Citigroup has had over the previous years, it really can't afford to make such mistakes because shareholders are sick of it. However, analysts still believe in the renewal strategy and the Citigroup story. But that's mainly because a bank with the kind of U.S. deposit market share that Citigroup acquired and its successful investment banking unit shouldn't be trading so below book value.
NYSE:CShort
by FOREXN1