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4C trade ideas

CitigroupCitigroup witnessed a strong rebound recently after forming a major higher low at 58.56$, to violate the major peak 65$. then, Confirming this breakout by remaining trading above $65 in today's session will confirm the major uptrend., triggering further rises near 67.60 - 69.11 - 71 - 73 - 74.65. The stop-loss lies below 63.75. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NYSE:CLong
by Gehad_Abouelela
A topping Signal; Citi BankRegarding Citigroup stock, it has recently shown a strong performance following its latest earnings report. As of now, analysts have a mixed outlook on the stock, with a general consensus leaning towards a "Buy" rating. The average 12-month price target is around $63.09, slightly below its current price of $64.52. Key resistance levels for Citigroup include $66.87 and $71.40. The stock has shown immediate seller reactions around these levels, indicating potential points of resistance. If the stock fails to break past $66.87, it could suggest a short opportunity, especially considering the historical significance of these levels dating back to the 2008 financial crisis. The stock is close to breaking out of a long-term range, but keep in mind that broader market conditions and sector rotations can influence its performance. Banks are currently benefiting from higher interest rates, but anticipated rate cuts by the Federal Reserve later in the year could impact this sector, potentially leading to a rotation into other sectors like energy and infrastructure. For a short position, monitor the stock for a break below the low of the day (LOD) on Monday and consider resistance levels around $66.87 and $71.40 for setting stop-losses and targets.
NYSE:CShort
by thinkCNE
CITIGROUP Downtrend Line Breakout At $64.28 12.07.2024- Bullish breakout above downtrendline on CitiGroup's 4hr chart at $64.28 observed. - Potential target if breakout holds: $71.51; further breakout could lead to $80.72. - Alternatively, if breakout fails, potential downside to $58.58; further breakdown could target $54.11. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:CLong
by Stuart_Cowell
Big Citibank Opportunity Citibank Opportunity - NYSE:C Company Market Cap: $82.2 billion Share Price Today: $42.68 Dividend: 0.53c per quarter (Annual Dividend of c.$2.06) Annual Dividend Yield: 4.82% Next Earnings Report: Friday 13th October 2023 Citibank (Citigroup) is the 20th largest bank in the world & a member of Global Systemically Important Financial Institutions (G-SIFIs) meaning it has stricter prudential regulation such as higher capital requirements and extra surcharges and more stringent stress tests. under the scheme deposits can be 100% guaranteed in the event of a crisis, which is not the case for smaller banks that are not considered systemically important. This additional security can add weight to a longer term hold for Citibank combined with a good 4.82% dividend yield. Citibank has recently been in the headlines with negative news for completing a management re-org with substantial lay-offs. Whilst the news is interpreted as negative, the chart appears to reaching a point of exhaustion after 31 months of downward price pressure and a roughly 50% reduction in price from $81 down to $42. We may be forming a 3rd higher price cluster or price launch pad here at $42. Earnings release is in a 4 and half weeks on 13thOctober and after 13 quarters of positive earnings the trend is green. Its worth noting that upon earnings release, the price can capitulate or ascend aggressively (historically this has been the way), this is why it is important to be placing bids or positions well in advance of the release (now) and on the day of the release we should be nimble and on our toes to capitalize or reduce risk with stop losses. Obviously for long term position players this is not all that important, we have our long term target and stop loss on the chart. There is a long term trade opportunity with a stop loss at BASE 2 at $34.37. As you can see the trade has a Risk/Reward of 4:1. People who want to play it even safer could wait for a bounce off BASE 2 but for me a retracement this low could mean lower price momentum and a break of the RSI resistance. This is why I am inclined to take a position now off this base well in advance of the earnings release. This is not my typical style of trade however I could not pass up the chart given the mid-term 31 month 50% reduction and exhaustion in price combined with the higher bases on the longer term trajectory, and to be honest the negative news really got me the contrarian in me rustled. If you look hard enough you can see a potential long term ascending triangle forming out into the 5 year time horizon. As a cherry to the trade, the dividend yield is considerably high at 4.82% for a systemically important institution – to big to fail. In Summary - Citigroup is one of the top 20 banks in the world and is considered systemically important. - Citigroup share price has been declining 31 months with an approx. 50% reduction in price. - Three Price Bases establishing higher lows are reinforced by a rising RSI support line. - To fully take advantage of the earnings release on 13th October 2023 positions need to be placed now as the stock is extremely volatile on the day of release. - If the RSI support line fails to hold this could be a warning signal of a break down into STRONG SUPPORT ZONE (Red). - The dividend yield is considerably high at 4.82% for a systemically important institution offering a little incentive for a longer term hold.
NYSE:CLong
by PukaCharts
21
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