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C - Citigroup Inc (NYSE)

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I am wondering whether anyone is bullish on this stock?

How are they going in Japan?

A few months ago I remember reading that their private banking arm in Japan were forced to close down after they were found not to be following regulations.
 

RichKid

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Re: Citigroup

Chief Wigam said:
I am wondering whether anyone is bullish on this stock?

How are they going in Japan?

A few months ago I remember reading that their private banking arm in Japan were forced to close down after they were found not to be following regulations.
Hey Chief,
What's their stock code and which exchanges are they traded on?
 
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Re: Citigroup

It's a US stock.

CITIGROUP INC (NYSE:C) Delayed quote data

Last Trade: 48.95
 

RichKid

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Re: Citigroup

Chief Wigam said:
It's a US stock.

CITIGROUP INC (NYSE:C) Delayed quote data

Last Trade: 48.95
thanks Chief, looks odd to us Aussies when the code is just one letter!
 
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Re: Citigroup (NYSE ticker: C)

Yes it is strange.

At this time, bank stocks in the US have reasonably low PE ratios.

Any idea as to what the US banks' strategy is right now?

Cost cutting, Buying back shares or Acquiring other banks?
 
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Re: Citigroup (NYSE ticker: C)

Yes it is strange.

At this time, bank stocks in the US have reasonably low PE ratios.

Any idea as to what the US banks' strategy is right now?

Cost cutting, Buying back shares or Acquiring other banks?
Hi Guys,

It's been a while since anyone spoke of Citi, however given the current climate, I feel it's a good buy. What are your thoughts?
 

Joe Blow

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Re: Citigroup (NYSE ticker: C)

It's been a while since anyone spoke of Citi, however given the current climate, I feel it's a good buy.
Why? Please elaborate.
 
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Re: Citigroup (NYSE ticker: C)

Hi Guys,

It's been a while since anyone spoke of Citi, however given the current climate, I feel it's a good buy. What are your thoughts?
Reduced competition, expansion into emerging markets, improved quality of loans, credit cards, etc.
 
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Re: Citigroup (NYSE ticker: C)

They've paid back all their US federal bail out money too. Once they release a DIVI it could go parabolic.
Am holding at 4.60 + last time i checked it closed at 5 bucks. might even top up. I see it as 5-10 year keeper.
 
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Re: Citigroup (NYSE ticker: C)

Hmmm, maybe I should buy some?
I don't know much about this stock yet.
But potentially has pretty good upside for long term.
So they have no more debt to pay and making profit again?
 
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