CITIGROUP (C) d/w/m

Citigroup Inc. (C)  at a Glance

About Citi by Citigroup:
“Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.”

Citigroup Structure
Citi currently operates, for management reporting purposes, via two primary business segments: Citicorp, representing Citi’s core growth franchises and Citi Holdings which contains businesses and assets that are not core to Citi’s future. Citicorp includes the Global Consumer Banking (GCB) business and the Institutional Clients Group (ICG) and is focused on providing best-in-class products and services to customers and leveraging Citi’s unparalleled global network, including many of the world’s emerging economies. Citicorp also includes Corporate/Other.

Citigroup Financial Performance
In the third quarter of 2015, Citi reported net income of $4.3 billion, or $1.35 per diluted share, on revenues of $18.7 billion. This compared to net income of $2.8 billion, or $0.88 per diluted share, on revenues of $19.7 billion for the third quarter 2014.

CVA/DVA1 was $196 million ($127 million after-tax) in the third quarter 2015, compared to negative $371 million (negative $228 million after-tax) in the prior year period. Excluding CVA/DVA, revenues were $18.5 billion, down 8% from the prior year period, and earnings were $1.31 per diluted share, up 38% from prior year earnings of $0.95 per diluted share.

Per Michael Corbat, Chief Executive Officer of Citigroup, said: “The quarter had more than its fair share of volatility, and our results speak to the resilience of our franchise globally. And despite revenue headwinds, we once again proved our ability to manage our risk, our expenses and our capital. We remain on track to deliver our full-year efficiency and ROA targets. I feel good about the quality and consistency of our earnings over the course of this year, as we have continued to make solid progress against our core priorities.”
“Citi Holdings was profitable again this quarter, and its assets declined 20% year-over-year to $110 billion. Consistent utilization of our deferred tax assets helped us generate $14 billion of regulatory capital. So far this year we have returned over $4 billion of that capital to our shareholders in the form of share buybacks and common stock dividends. Our tangible book value surpassed $60 per share and our Common Equity Tier One Capital ratio increased to 11.6% on a fully-implemented basis.  Challenging environments have become the norm, but the work we have done to make our firm simpler, smaller, safer and stronger has given us a resilient and sturdy platform from which to operate,” Mr. Corbat concluded.

 For the rest of the story, including quarterly financial reports:

Investor Relations webpage:

Below you will find a Daily/Weekly/Monthly (d/w/m) chart analysis of Citigroup. 

Citigroup (C)

 

CITIGROUP (C) d/w/m

(1) Analysis of DAILY chart activity through Friday’s 11/20/2015 close at  54.75
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take partial profits on any retracement to 52.49.  Traders with remaining long positions, after profit taking, should consider placing capital conserving stops  in the region of 52.49.   Be prepared for a potential short term price pull back to the 53.42 area.

Suggested placement of Capital Conserving stops ::
If Long, exit all contracts at ::   52.49
If Short, exit all contracts at ::   56.46

 Additional Daily chart info and analysis:

Indicators:

  • One of my pivot point indicators gave a “Minor High pivot” signal on 11/6/2015, followed by a “Sell Signal” on 11/11/2015 … followed by a “Minor Low pivot” on 11/16/2015 and C has been trending up since.
  • My second pivot point indicator gave a “Minor High pivot” signal on 11/6/2015, followed by a “Sell Signal” on 11/11/2015 … followed by a “Minor Low pivot” on 11/16/2015 and C has been trending up since.
  • The MACD indicator rendered a sell signal on 11/13/2015.
  • While this chart shows extraordinary price action to the upside, 2 Bearish pivot point indicators are, … due to “minor” pivot point low reversals, apparently contrarian bullish … or 5 out of 6 indicators bullish to Bullish!

 Moving averages
3 day sma red, dotted …. 54.93
9 day sma dk grn solid … 54.3667
20 day sma red solid …… 54.2065
50 day sma purple solid … 52.3808
100 day sma blue solid …. 54.0335
200 day sma green solid … 53.8120
400 day sma grey dot dash . 52.1093

  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are ranging.

Projected Targets …  

  • The upper projected  target is: $55.11.
  • The lower projected target is: 51.53.
  • The projected closing price is: 53.32.

Please Note:: these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets.

(2)  Analysis of WEEKLY chart activity through Friday’s 11/20/2015 close at  54.75
The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 47.71.  Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 47.71.   Be prepared for a potential short term price pull back to the 53.02 area.

Suggested placement of Capital Conserving stops ::
If Long, exit all contracts at ::   47.10
If Short, exit all contracts at ::   58.84

(3) Analysis of MONTHLY chart activity through Friday’s 11/20/2015 close at  54.75

Be prepared for a potential short term price pull back to the 50.77 area.   The current Monthly chart trend is down and all orders on the short side may be considered.  If already holding short positions, look to take partial profits at  any retracement to 60.95. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 60.95.

Suggested placement of Capital Conserving stops ::
If Long, exit all contracts at ::   46.60
If Short, exit all contracts at ::   60.95

 

 

Please read:

(1) Research and Investing Disclaimer

(2) Investing and Trading

 

 

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Have a great day investing, or trading …

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