Get started

Citigroup

$XLF tons of overhead supply ; will the gaps fill?Financials on full display going into earnings . Will those GAPS fill? Keep them on your radar. #XLF #JPM #C #BAC Interest Rates continue to rise on 30 year home mortgages and the federal interest rates consumers begin feeling the pain of being both pushed out of the market and every direction they turn. In most cases higher interest rates help the banks and some could say, “higher rates drive up prices, which increase companies earnings and consumer price index ( CPI );” however, I think many are overlapping the current with past recessions. In most cases that may work – but this time isn’t like any time of our past. The amount of headwinds on the global fronts and out of control printing of debt holistically. In any case, I am cautious on banks with all the segments of their lives being impacted with oil , shipping, economic contraction, rising rates, etc. not to mention rising wages being outpaced by inflation and poverty increase by x-hundreds of thousands per month. Tons of overhead supply that could be potential opportunities for entries on rejection. WILL THE GAPS FILL? ** What happens when households cannot afford to acquire loans and it’s too late for them to refinance their homes… just food for thought.
AMEX:XLFShort
by bsdvs23
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars. So, what can be the next scenario? I'm short on CITI due to both fundamental reason and technical reason: We are in a short trend, so basically, being trend follower, I will search for retracement to be in. CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.
NYSE:CShort
by paolodambra1
2
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
More correction in banks..!It seems Banks will correct in the coming days..! Considering their weight it will affect the S&P 500 and Dow! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:GSShort
by Moshkelgosha
1
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
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
Integrity is Important!Please review the analysis published on November 4th, 2021: Title: Negative days ahead for banks! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BACShort
by Moshkelgosha
2
Negative days ahead for banks!It seems Banks have run out of steam and in the near future, they will make a correction or go sideways! BAC: Fails to close above 48.50 WFC: Got rejected from resistance level and may retest 46 in the coming days C: struggling at the support line MS: pure consolidation between 96-106 JPM: 2-3% correction is expected! GS: could retest 370 level once again! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BACShort
by Moshkelgosha
3
CitigroupSeems like XLF has been taking a brief dip. with a stochastic under 50% currently 44% I wanted to find a reasonable company that was near or at a support level on the daily, 4 hour, and 1 hour time frames. Citigroup seems like a good deal to me. The rsi and the mac d both match on those three aforementioned time frames and I was waiting for some bullish candles to indicate a potential retracement to the upside which is why I used a fibonacci tool to retrace up to 61% of the previous high on the daily time frame. I will only purchase 1 share i case of a future crash and will be patient enough to wait a true discount. What do you think?
NYSE:CLong
by Redimere_91
$C very bullish/outlook Focusing on the daily here IMO I believe Citigroup ticker $C is absolutely primed for a move up. I am extremely bullish for a rotation back into the financial sector but also from a technical standpoint. As we can see a solid bounce on our higher time frames with lots of sellers getting shaken out. RSI plenty of room to run, focusing on W formations on the relative strength index for further bullish confirmation.... However, as I’ve said, I am extremely bullish on $C and believe that we will see a move up in price within the next 2-4 weeks if not sooner....
NYSE:CLong
by AndrewRoupas
Alarming sign in S&P500If you sort the market based on the YTD performance Financial sector would be the front runner in 2021..! Although big banks' stocks are traded at slightly lower prices these days, they outperform most tech stocks and major indexes in 2021..! this could be an alarming sign for S&P 500..! NYSE:JPM NYSE:BAC NYSE:WFC NYSE:GS NYSE:C NYSE:AXP a comparison between S&P 500 and banks performance in 2021: A comparison between big banks and major indexes' performance in 2021! Just to add the last cherry on the cake: do not forget when I published the post about NASDAQ front runner in mid-February 2021: All EV makers experienced a crash after that and never see the same price..!
TVC:SPX
by Moshkelgosha
6