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From a New York Times article on March 26, 2014:
"If a bank can pay dividends and buy back stock while still maintaining a minimum capital cushion, the Fed typically blesses its plans.
By this measure alone, Citigroup passed the test easily. When run through the Fed’s adverse scenario test, Citigroup’s capital plan left the bank with a minimum Tier 1 common ratio of 6.5 percent. That is a larger cushion than JPMorgan’s 5.5 percent capital ratio, Bank of America’s 5.3 percent ratio and Goldman Sachs’s 6.1 percent."
"Citigroup can resubmit a revised capital plan, but the bank said it was not clear when it would do so."
I think Citi will resubmit its revised plan in 4 to 6 months which will get approved and boost its pps.
You know, I still think 50 by Friday is likely to happen. There'll be some other news tomorrow I suppose.
Ha,never heard that one before.
I think we're finally seeing an upturn here.
It will be interesting to see how far it goes this year. I thought it would close around 50 this Friday, so maybe I'm a bit overanxious.
I have a pretty good feeling that it will get to $85 before the end of the year.
Well I'm just a happy camper right now as I wait for this stock to finally break through the mid fifties resistance level.
C's New price target = The Moon :0
I agree
Okay then C it is.
What do you think about JCP? I was thinking about about investing in that also. I'm just not quite sure it has bottomed out yet.
Thanks, I just read the summary on the "Seeking alpha" website. Where do you find out when earnings reports are due that is more reliable than at "Daily Finance.com"?
Hmmm
According to a website called "Daily Finance.com" there is another earnings report for Citi next Monday. Do you know if that's true?
I haven't looked at the earnings report yet. But as long as the price moved like it did, I don't really need to see it. To be honest I wouldn't exactly know what I'm looking at anyway. I just hope that this is finally the beginning of a new trend in C's chart.
I understand how you'd like to get an even better deal on this stock and GLTY, but I would be surprised if it doesn't bounce up from here. I am hoping for a long run up from this point. I think it'll hit $60 by summer. We'll find out soon enough huh.
So then the way things look now for the company, do you think it could conceivably double or triple in price in a relatively short time period?
I don't know much about the fundamentals of a company. I look at the charts and the analysts ratings, and read the news. That 10 for one looks like it was a reverse split in 2011. But long before that there were five forward splits between 1996 and 2001.
That sounds wonderful to me. I must say I do like the way you explain things. It was scary watching it drop to near $45, but I guess now is the time to get greedy. Won't be long now till we know.
So much for my guesswork.
I haven't been studying BAC. I'm a lightweight, I can only handle one big bank at a time.
Thanks. It's gonna be something sweet to watch FNRC take off.
Thanks for the info. I will send him an e-mail also.
I think you've just seen the lowest prices that this stock is going to have.
That does ease the tension a bit, thanks. Where did you find that info. I don't see it on "OTCmarkets.com" under "share structure".
I'll be on the edge of my seat till then.
Well I just got more options before close. It's good to get your input since I'm more of a techie. If it closes above 47 Friday, it should start climbing next week I think.
It looks like you had the right idea about what they were going to do since they're closing a third of their banks in Korea.
Exactly. It gives you an idea of just how much money these large banks have.
Sounds good to me. Let us hope they're successful.
I am referring to dividends.
Looking at the chart I'm thinking it's going to drop to its lowest point for the week tomorrow or on Wednesday. Since Citi was not allowed by the Fed to pay more to their investors, it's earnings rpt should move this stock up. IMHO
If it drops below 46.70 you will likely get that order filled.
LOL, good analogy.
You probably already read this recent article:
http://seekingalpha.com/article/2125423-citigroup-high-risk-equals-high-reward
And the chart indicators look great also.
I do believe that your timing was excellent (to get in now). I would be surprised if it drops below 46. But I'll be getting more too if it does.
You are so right.
Hopefully it'll go a bit further up today.
Looking forward to Monday :)
Well said. Thank you for your post, it was very helpful and reassuring and most of all - accurate!