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C
Citigroup Inc.

5/25/2012, 10:22 AM ET
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C Market Currents more »
  • 9:05 AM With a record of poor shareholder returns, why do the TBTF banks (JPM, C, BAC) even exist, writes Sheila Bair. Capital markets certainly wouldn't finance such "unstable behemoths" if it weren't for their de facto government backstop. Jamie Dimon can provide a better return to shareholders by recognizing his bank is worth more in smaller pieces.
    6 Comments
    [Financials]
  • 8:58 AM At the top of Goldman Sachs' VIP List of 50 stocks most important to hedge funds is Apple (AAPL), followed by GOOG, ESRX, MSFT, QCOM, C, GM, PCLN, JPM and LMCA. Leading the list of the firm's top 50 short positions is JNJ, XOM, INTC, IBM, AMZN, T, CVX, VZ, DUK and DIS.
    2 Comments
    [Quick Ideas]
  • 5:13 AM Citigroup (C) sells a 10.1% stake in Turkey's Akbank (AKBTY.PK) for $1.15B as part of the U.S. bank's program to sell assets in order to meet Tier 1 capital requirements. Citigroup will hold a remaining 9.9% stake for 3 years. The bank will take a post-tax $243M loss on the sale, having bought the 20% holding in 2007 for $3.1B. (PR)
    Comment!
    [Financials, M&A]
  • Monday 12:24 PM The FDIC sues JPM, C, BAC, and DB in New York, acting as receiver for Strategic Capital Bank which claims $11M in losses in MBS-related losses.
    3 Comments
    [Financials]
  • Monday 8:10 AM JMP Securities cuts the TBTF banks due to the European crisis, with analyst David Trone's base case scenario (60% chance) seeing a Greek exit, but no contagion. He sees just a 10% chance Greece stays in the EMU. That leaves 30% for exit, but with contagion.
    3 Comments
    [Financials]
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  • Saturday Update: Investing Wisely – Forecasts / Conformations = Results ! - - May 26, 2012
    Fri, May 25 • Steven Bauer • Comment!
  • Which One Is Safest In The Big Four Banks
    Mon, May 21 • Weiren Ji • 2 Comments
  • TLT Is The Teflon ETF And Romney Is The Teflon Candidate
    Mon, May 21 • stock_creeper • Comment!
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    Mon, May 21 • gersegal • Comment!
  • Dec 26th Article: Buy The Right Stock At Right Price.
    Thu, May 17 • freefdawatchlist • Comment!
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Company Description

Citigroup’s history dates back to the founding of Citibank in 1812. Citigroup’s original corporate predecessor was incorporated in 1988 under the laws of the State of Delaware. Following a series of transactions over a number of years, Citigroup Inc. was formed in 1998 upon the merger of... More

Sector: Financial
Industry: Money Center Banks
Country: United States