BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Citigroup Sees a Bid After Q3 Report]]>http://www.bloggingstocks.com/2010/10/18/citigroup-sees-a-bid-after-q3-report/http://www.bloggingstocks.com/2010/10/18/citigroup-sees-a-bid-after-q3-report/http://www.bloggingstocks.com/2010/10/18/citigroup-sees-a-bid-after-q3-report/#commentsFiled under: , ,

Citigroup, Inc. (C) is doing well today. At the time of this writing, shares were up 5% to $4.15. Volume was quite active. How should market participants view the stock? Should they be bullish or bearish?

There are a lot of opinions out there on this company. If you remember the financial crisis, then you may feel like this is a stock one should never put money in. But if you're a speculator, you probably always consider the equity as a potential vehicle for short-term gains. It's changing hands in the low single digits, and its chart communicates many possibilities for traders.

Continue reading Citigroup Sees a Bid After Q3 Report

Citigroup Sees a Bid After Q3 Report originally appeared on BloggingStocks on Mon, 18 Oct 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bankingCcitigroupCitigroup earningsfeaturedfinancialGEgeneral electricinthenewsMon, 18 Oct 2010 17:00:00 EST<![CDATA[Citigroup second quarter earnings preview]]>http://www.bloggingstocks.com/2008/07/16/citigroup-second-quarter-earnings-preview/http://www.bloggingstocks.com/2008/07/16/citigroup-second-quarter-earnings-preview/http://www.bloggingstocks.com/2008/07/16/citigroup-second-quarter-earnings-preview/#commentsFiled under: ,

Citigroup Inc. (NYSE: C), the beleaguered financial giant with a completely ineffective CEO at the helm, will report quarterly earnings (or losses) tomorrow. Most likely, we will see yet another company taking steep losses due to bets on mortgage-backed securities and other goofy investments. When Citigroup kicked former CEO Chuck Prince out the door, his replacement was even more strange. Citigroup is floundering to this day, although I have no doubt the banking and investment giant will recover.

Citigroup's shares are currently at the lowest level since the company was formed a decade ago. It announced the sale of its German banking business for $7.7 billion just last week, and now analysts polled by Zacks are expecting a net loss of $0.42 per share when the finance behemoth announces quarterly results this Friday. Reuters estimates that losses could go as high as $0.60 per share. Regardless of the loss, either would be quite a drop -- over 134% to be exact -- from the company's year-ago EPS figure of $1.24.

What will Citigroup do? Well, it will continue digging itself out of the hole it's responsible for, just like every other finance company that bet the shaky farm on every Tom, Dick and Harry getting a $600,000 mortgage with a $50,000 annual income. In addition to selling off some assets in Germany, Citigroup is shedding some Japanese assets as well as saying it may be two or three years before its returns come back to favorable levels.

Do you own Citigroup shares? If so, are you holding on for the long run or have you sold them already?

Citigroup second quarter earnings preview originally appeared on BloggingStocks on Wed, 16 Jul 2008 13:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CChuck PrinceChuckPrinceCitigroupCitigroup earningsCitigroupEarningsinthenewsVikram PanditVikramPanditWed, 16 Jul 2008 13:10:00 EST<![CDATA[Citigroup Q2 results preview]]>http://www.bloggingstocks.com/2007/07/19/citigroup-q2-results-preview/http://www.bloggingstocks.com/2007/07/19/citigroup-q2-results-preview/http://www.bloggingstocks.com/2007/07/19/citigroup-q2-results-preview/#commentsFiled under: , ,

With Citigroup Inc. (NYSE: C) set to release Q2 earnings tomorrow morning at 9 am EDT, will the company be able to meet analyst estimates of $1.14 in earnings per share? The Old Lane Partners acquisition just closed on July 8, so that is behind the company. More importantly, its involvement in the subprime lending market is souring. But Citigroup is so well diversified that pinches like this are unlikely to dent earnings.

The consensus is an EPS growth rate of about 8.38% from the year-ago quarter, which I believe Citi will move past with an EPS of about $1.15. The company continues to make inroads in the global lending market, and as Citi marches forward into non-U.S. markets (South America, China and India), the global finance company should move slowly and surely upward -- and I'm referring to its common share price.

Join me right here at BloggingStocks at 9 am EDT tomorrow, Friday, as I'll be liveblogging the company's Q2 results. We'll see whether current CEO Chuck Prince has anything to say about where he is going (heh, doubtful). Citi's lackluster share price movement in the last 18 months has some speculating that Prince is not acclimating the company fast enough to global change. But turning things on and off within Citigroup is not as simple as flicking a light switch.

Citigroup Q2 results preview originally appeared on BloggingStocks on Thu, 19 Jul 2007 12:37:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>CChuck PrinceChuckPrinceCitigroupCitigroup earningsCitigroupEarningsThu, 19 Jul 2007 12:37:00 EST