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-   -   Watch: $C - Citigroup Inc. (http://www.stockrants.com/forum/stock-picks/2161-citigroup-inc.html)

longtrader782 09-17-2009 07:05 AM

Quote:

Originally Posted by dxrules44 (Post 23879)
it does look like a good price to get into citigroup from considering the graph. i managed to get in to citigroup at around 2.50$ in march/april, !!

Nice Trade!!! Yeah I honestly think the recent news in Citi marks a significant point in the stock. We shall see.

george192002 09-17-2009 09:04 AM

Hope their ADs will have positive effects.
 
Citigroup Poised To Launch New Ad Campaign -Report

Last Update: 9/17/2009 8:34:02 AM

DOW JONES NEWSWIRES

Citigroup Inc. (C) is to launch an advertising campaign, as early as next month,
aimed at improving the bank's image, the New York Post reported Thursday, citing
people familiar with the matter. "We're always looking for ways to keep customers
and stakeholders informed about our progress and business activity. Advertising
is one way to do that," said a spokeswoman. The campaign will, in part, emphasise
the bank's efforts in helping keep consumers in their homes and offer a defense
of Chief Executive Vikram Pandit.

Full story at:
Pandering Pandit

-Dow Jones Newswires; 212-416-2900

Saintjames 09-17-2009 11:09 AM

That can't be what is driving this stock today? As of 11am: +0.30 (7.14%) .This would have been a great buy yesterday.

george192002 09-17-2009 12:04 PM

LOL
 
Yeah i dont think that caused it. The news below might have infuenced it though.
"Citigroup Raised To Accumulate From Neutral By Buckingham" Got it from my online broker.
But still,i think it should'nt have that big an effect. Will post here if i get new news on C.

longtrader782 09-23-2009 07:03 AM

Citigroup is looking pretty good. If your a short term trader take a little profit, but this stock looks like its breaking out.

george192002 09-23-2009 11:17 AM

"Our Promise to New York"
 
Citibank Announces "Our Promise to New York"

NEW YORK, Sep 23, 2009 (BUSINESS WIRE) -- Citibank this week launched "Our
Promise to New York" to reinforce the bank's strong and ongoing commitment to New
York City and to putting its customers at the heart of everything it does.

Beginning this month, Citibank has extended weekday and Saturday hours offered in
its Manhattan branches -- some branches extending their hours by as much as 40%.
The bank has also launched an online discussion board, available at any time, for
customers to post comments and questions at Citi - Promises. The
site features a map of every Manhattan branch location along with their extended
hours and phone numbers.

"Our Promise to New York" is built on the commitments that Citibank makes to its
customers every day: from protecting their identity with world class identity
theft and fraud solutions; to rewarding customers for referring their friends
with cash back and ThankYou points; to helping customers work towards their
financial goals with expert guidance from Citi Personal Wealth Management
advisors.

"We aspire to be a truly customer-driven organization and this is an important
step in our journey," said Brad Dinsmore, Head of Retail Banking, North America
Consumer Banking. "We are thrilled to share the power and promise of Citi with
one of the greatest cities in the world, New York, and to show our customers here
that we appreciate their business and love this city as much as they do," he
continued.

Citibank opened its first Manhattan branch on September 14, 1812 at 52 Wall
Street, and today has 65 branches and 699 branded ATMs. "With stiff competition
in Manhattan --some city blocks are home to as many six different banks -- we saw
an opportunity to remind New Yorkers of what sets us apart, our long standing
presence and our commitment to helping the communities we serve here," said Bill
Brown, Division Manager, Citibank Manhattan. "We are fortunate to serve such a
wonderfully diverse group of customers, to help residents manage their money and
to partner with local small business owners to help their businesses grow," Brown
said.

Throughout the months of September, October and November, Citibank will partner
with local community and environmental groups to engage employees and customers
in a variety of activities. "NYC Appreciation" events will kick off at branches
throughout Manhattan on Saturday, September 26, many geared towards families and
children. These will range from a Moveable Museum from the American Museum of
Natural History at 72nd Street and Broadway, to an autograph signing with former
New York Met Buddy Harrelson at 399 Park Avenue. From doorman appreciation events
uptown, to massage therapy, blood pressure screenings and free smoothies
downtown, from local restaurant tastings on the east side, to live music and art
exhibitions on the west side, there's sure to be something for everyone. Visit
Citi - Promises for more information.

In October, Citibank will "Go Green" and support MillionTreesNYC, a PlaNYC
initiative with NYC Parks and New York Restoration Project, through which one
million trees will be planted across the five boroughs by 2017. Citibank
employees and school students will work together to turn the first of five
Manhattan schoolyards green on Thursday, October 15. Additionally, Citibank will
distribute more than 16,000 thousand blue spruce seedlings to city residents
during branch events on Saturday, October 17.

In November, Citibank will "Give Back to NYC" through a partnership with the
non-profit organization City Harvest. Founded in 1982 as the world's first and
New York City's only food rescue program, City Harvest is dedicated to feeding
the city's hungry men, women and children. Customers can make food donations
throughout the month at collection bins located in all 65 Manhattan branches.
Citibank employees and City Harvest volunteers will then re-pack the food into
smaller, family-sized bags on Saturday, November 14 at key branches and at The
Pond at Bryant Park, to be transported by City Harvest trucks to emergency
feeding programs throughout the five boroughs.


I think this is a good strategy, viewed as helping the community instead of being helped by tax payer money.

StocksonWallStreet 09-24-2009 01:59 PM

Citigroup continues to be on the rise, you think it will fall come October?

Longshot 09-24-2009 02:10 PM

Quote:

Originally Posted by StocksonWallStreet (Post 24314)
Citigroup continues to be on the rise, you think it will fall come October?

My crystal ball says....no!
X-D

My guess at this point is anything below 4.50 for C is a good buy. Considering this is September and the market is doing OK, C should have some good profits until inflation kicks in (lowering it's ability to repay TARP funds), or if the lending industry tightens further.

My guess is average above 5 before March of 2010.

george192002 10-15-2009 09:06 AM

(8:20 AM ET) BOSTON
(MarketWatch) -- Citigroup Inc.(C)on Thursday reported
third-quarter net income of $101 million, and a 27-cent loss per share, on
revenue of $20.39 billion. In the year-ago quarter, Citi posted a loss of 61
cents a share on total revenue of $16.26 billion. The company said the latest
quarter's results included $8 billion in net credit losses and an $802 million
net loan loss reserve build. "While consumer credit trends are improving in
international markets, the U.S. consumer credit environment remains challenging,"
said Vikram Pandit, Citi's chief executive. The bank's shares were down nearly 4%
in premarket action Thursday.

longtrader782 12-07-2009 07:04 AM

Buy Citigroup (C)
 
Buy Citigroup (C), (Pick made 12/4 6pm) I think the stock has been consolidating in a tight range recently. Fundamentally, they still have a lot of problems, however I think BAC paying back the Tarp will be a roadmap for Citigroup to do so. I think this stock goes to $6


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