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CITIGROUP CDR (CAD HEDGED)CC

CITIGROUP CDR (CAD HEDGED)

32.89CADD
+0.67+2.08%
At close at Jun 6, 20:12 GMT
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CITI trade ideas

City Group - Can the 3rd biggest US bank deliver?Hi guys, we would be looking next into City Group, the 3rd biggest Banking coroporation in the US. Currently they have been quite undervalued in comparission to it's counter-part in the eyes of JP Morgan. They still are holding a tremendeous amount of assets and have a lot of potential for an upswing! Under CEO Jane Fraser's leadership, Citigroup has streamlined its operations, focusing on five core business areas and exiting consumer markets in 14 countries. This strategic transformation is expected to enhance efficiency and profitability. Analyst Mike Mayo projects that Citigroup's return on tangible equity could increase from the current 7% to 11-12% by 2026, with earnings potentially reaching $10 per share. He also suggests that the stock could double in value over the next three years. Analyst Recommendations Analysts have set an average price target of $82.14 for Citigroup, with estimates ranging from $66.00 to $110.00, indicating a potential upside from the current trading price. Citigroup's current valuation, trading below its tangible book value of $90, presents an attractive opportunity for investors. The company's diversified revenue streams, including a global services operation, a top-tier investment bank, and a leading credit card company, position it well for sustained growth Citigroup's strategic initiatives and favorable analyst outlooks suggest a positive trajectory for the stock in 2025. Investors may find Citigroup an appealing option for potential growth in the financial sector. Entry on Market Open Target 1: 90 Target 2: 110 Target 3: 166 Target 4: 240 P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
NYSE:CLong
by DG55Capital
Citigroup Stock Qoute | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Citigroup - Double Formation * 64.50 USD | Trend Line Entry | Subdivision 1 * 54.30 USD | Continuation Bias - Triple Formation * Retracement | Survey 50% Confirmation | Subdivision 2 * Neckline At 63.50 USD | Pattern Entry * 012345 | Waves 3, 4 & 5 Marked Up | Long Continuation | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CLong
by TradePolitics
Citigroup Breakout: Eyeing the Cup & Handle Target!Citigroup (C) has smashed through key resistance, lining up a bold Cup & Handle breakout. Cup & Handle Target: The breakout pattern hints at a target near $97, offering a potential 43% upside. This move has momentum, with a clear path to reach its mark. Ascending Trendline, Gap & Fibo Support: Riding an ascending trendline, C is backed by Fibonacci levels, with the 38.2% and 50% retracements aligning as support near $56 and $53, respectively. A recent gap around $70 adds intrigue, potentially acting as a magnet for a retest or signaling strong buying interest. Volume & CCI: Volume’s got the breakout’s back, and the CCI is holding steady in bullish territory without looking overheated, showing room for this rally to keep climbing. Bottom Line: With a Cup & Handle setup, Fibonacci support, and a strategically placed gap, Citigroup looks poised for an exciting journey upward. This chart’s got style, momentum, and plenty of upside potential.
NLong
by FunkyQuokka
1
Citigroup BearsSimple bearish scenario if there are signs of weakness near the blue rectangle zone. All rectangles are potential support and resistance levels projected in time, so I will keep my visions open for any scenario including a comeback, despite the fact that the whole project has been developed in a highly bearish mood setup. The main and initial test of the project would be this incoming blue rectangle zone where things could get interesting if the estimations are accurate or at least indicative of potential scenarios. The first and last pink zones are of interest of me in the bearish setup regardless of the fact that the last one is so far that it doesn't even seem plausible from this angle. Taking this into consideration I might attempt to add on to the project as we go along further down the rabbit hole of time with incoming updates/comments and potential analysis/estimations.
NShort
by UnknownUnicorn903284
2
Citigroup Could Be Inching HigherCitigroup has recently inched higher as the broader market pulled back. Now some investors may think the banking giant will continue upward. The first pattern on today’s chart is $63.46, the close on June 28 and the last price of the first half. C tested and held it in two separate weeks. It’s also near the peaks of May. Has new support been established at higher levels? Second, the 50-day simple moving average is rising from below. That may suggest the intermediate-term trend is bullish. Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may suggest the short-term is bullish. Next is the series of higher weekly lows. That may suggest the long-term trend is bullish. Finally, the dip in Bollinger Bandwidth indicates that movement has narrowed. That could make traders look for price movement to expand if C manages to make a new high and surpass levels from early 2022. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
N
by TradeStation
CitigroupCitigroup witnessed a strong rebound recently after forming a major higher low at 58.56$, to violate the major peak 65$. then, Confirming this breakout by remaining trading above $65 in today's session will confirm the major uptrend., triggering further rises near 67.60 - 69.11 - 71 - 73 - 74.65. The stop-loss lies below 63.75. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NLong
by Gehad_Abouelela
A topping Signal; Citi BankRegarding Citigroup stock, it has recently shown a strong performance following its latest earnings report. As of now, analysts have a mixed outlook on the stock, with a general consensus leaning towards a "Buy" rating. The average 12-month price target is around $63.09, slightly below its current price of $64.52. Key resistance levels for Citigroup include $66.87 and $71.40. The stock has shown immediate seller reactions around these levels, indicating potential points of resistance. If the stock fails to break past $66.87, it could suggest a short opportunity, especially considering the historical significance of these levels dating back to the 2008 financial crisis. The stock is close to breaking out of a long-term range, but keep in mind that broader market conditions and sector rotations can influence its performance. Banks are currently benefiting from higher interest rates, but anticipated rate cuts by the Federal Reserve later in the year could impact this sector, potentially leading to a rotation into other sectors like energy and infrastructure. For a short position, monitor the stock for a break below the low of the day (LOD) on Monday and consider resistance levels around $66.87 and $71.40 for setting stop-losses and targets.
NShort
by thinkCNE
CITIGROUP Downtrend Line Breakout At $64.28 12.07.2024- Bullish breakout above downtrendline on CitiGroup's 4hr chart at $64.28 observed. - Potential target if breakout holds: $71.51; further breakout could lead to $80.72. - Alternatively, if breakout fails, potential downside to $58.58; further breakdown could target $54.11. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NLong
by Stuart_Cowell
Big Citibank Opportunity 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 (G-SIFIs) meaning it has stricter prudential regulation such as higher capital requirements and extra surcharges and more stringent stress tests. under the scheme deposits can be 100% guaranteed in the event of a crisis, which is not the case for smaller banks that are not considered systemically important. This additional security can add weight to a longer term hold for Citibank combined with a good 4.82% dividend yield. Citibank has recently been in the headlines with negative news for completing a management re-org with substantial lay-offs. Whilst the news is interpreted as negative, the chart appears to reaching a point of exhaustion after 31 months of downward price pressure and a roughly 50% reduction in price from $81 down to $42. We may be forming a 3rd higher price cluster or price launch pad here at $42. Earnings release is in a 4 and half weeks on 13thOctober and after 13 quarters of positive earnings the trend is green. Its worth noting that upon earnings release, the price can capitulate or ascend aggressively (historically this has been the way), this is why it is important to be placing bids or positions well in advance of the release (now) and on the day of the release we should be nimble and on our toes to capitalize or reduce risk with stop losses. Obviously for long term position players this is not all that important, we have our long term target and stop loss on the chart. There is a long term trade opportunity with a stop loss at BASE 2 at $34.37. As you can see the trade has a Risk/Reward of 4:1. People who want to play it even safer could wait for a bounce off BASE 2 but for me a retracement this low could mean lower price momentum and a break of the RSI resistance. This is why I am inclined to take a position now off this base well in advance of the earnings release. This is not my typical style of trade however I could not pass up the chart given the mid-term 31 month 50% reduction and exhaustion in price combined with the higher bases on the longer term trajectory, and to be honest the negative news really got me the contrarian in me rustled. If you look hard enough you can see a potential long term ascending triangle forming out into the 5 year time horizon. As a cherry to the trade, the dividend yield is considerably high at 4.82% for a systemically important institution – to big to fail. In Summary - Citigroup is one of the top 20 banks in the world and is considered systemically important. - Citigroup share price has been declining 31 months with an approx. 50% reduction in price. - Three Price Bases establishing higher lows are reinforced by a rising RSI support line. - To fully take advantage of the earnings release on 13th October 2023 positions need to be placed now as the stock is extremely volatile on the day of release. - If the RSI support line fails to hold this could be a warning signal of a break down into STRONG SUPPORT ZONE (Red). - The dividend yield is considerably high at 4.82% for a systemically important institution offering a little incentive for a longer term hold.
NLong
by PukaCharts
21
Leap this trade into next year! High Rates/No Jerome Milk LeftAfter an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it. Bull Case: We have a give or take 17% potential run to the upsides resistance level. Bear Case: Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run. On the other hand, these huge banks may get another program to help bail them out AND/OR they benefit largely from this rate increase/no cuts from squeezing all of the regional banks!
N
by LeapTrades
Citi Group's 1st Qtr. Results: Profit Dips, But Beat ExpectationCitigroup's ( NYSE:C ) recent earnings report for the first quarter of the year showcased a mixed performance, with profits declining but still surpassing market expectations. The bank reported a 27% decrease in net income compared to the previous year, largely attributed to a $483 million charge associated with CEO Jane Fraser's extensive reorganization initiatives. Despite the decline in profits, Citi's adjusted earnings per share exceeded Wall Street forecasts, reflecting the bank's ongoing efforts to streamline operations and improve efficiency. CEO Jane Fraser highlighted the completion of the organizational simplification announced in September, resulting in a cleaner management structure aligned with the bank's strategic objectives. Investor sentiment responded positively to the earnings report, with shares in the third-largest U.S. lender rising by 2.5% in early trading. The bank's cost-saving measures, including a reduction in headcount by 7,000 employees, are expected to generate annual savings of $1.5 billion, further bolstering investor confidence in Citi's future prospects. Revenue performance across Citi's various segments varied, with notable strength in services and banking divisions. Revenue from cash management, clearing, and payments services for corporations surged by 8%, while a resurgence in capital markets and investment banking fees fueled a significant increase in banking revenue. However, challenges persisted in certain areas, particularly in trading and wealth management. Trading revenue experienced a decline, primarily driven by lower performance in fixed income and currencies, while wealth management revenue contracted by 4%. Looking ahead, Citi Group ( NYSE:C ) remains focused on driving growth in wealth management and investment banking, areas identified for potential expansion. CEO Jane Fraser's leadership during the ongoing reorganization efforts has been instrumental in reshaping the bank's operations and improving competitiveness. Despite positive strides, Citi Group ( NYSE:C ) continues to face regulatory challenges and workforce instability. Regulatory scrutiny from U.S. regulators regarding risk management practices underscores the need for ongoing compliance efforts. Additionally, ongoing efforts to address deficiencies in risk management, data governance, and internal controls, as outlined in enforcement actions from 2020, remain a priority for the bank. Overall, Citi Group's ( NYSE:C ) first-quarter results reflect a mixed performance amidst ongoing reorganization efforts. While challenges persist, the bank's ability to navigate regulatory hurdles, drive growth in key segments, and sustain investor confidence will be critical factors shaping its future trajectory in the competitive banking landscape.
N
by DEXWireNews