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...
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...
Citigroup has been trading in this range for 14 years.
Could it continue to keep going sideways? Yes.
I will take a jab at this for a long term investment
Invalidation: Monthly Close below $43.11
After the last price target was reached:
Now looking at the C Citigroup options chain ahead of earnings , I would buy the $52.5 strike price Calls with
2023-9-15 expiration date for about
$1.28 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
This bank sell-off looks like a buy opportunity if you think medium to long term.
Looking at the C Citigroup options chain, I would buy the $45 strike price Calls with
2024-1-19 expiration date for about
$5.55 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Looking at the C Citigroup options chain ahead of earnings, I would buy the $47.5 strike price at the money Puts with
2023-3-17 expiration date for about
$3.05 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Looking at the C Citigroup Inc. options chain, i would buy the $40 strike price Puts with
2022-10-21 expiration date for about
$0.71 premium.
Looking forward to read your opinion about it.
C dropped very sharply but recovered and has been moving consistently along this major trend line that formed in the beginning of price action
Circles in green are very similar points and should be treated the same
Safe buy along the strong trend line
The Chart: Price has fully reversed from the bottom of the large range (rectangle) and has now broken out of the top end of the range. Despite todays rough down day I am comfortable with my position as long as price can hold above the 59 area.
The Narrative: Banks are taking a bit hit on earnings but the quarterly results we not as bad as the price drop may...
