Replies to post #8630 on Citigroup Inc (C)

[kei]

hmmm...so far, thanks to aapl lifting the market and a few other companies'earning are also helping...we'll see...

actually, i'm not worried about C buying these level since if it dips after i bought, i just hold it or add more shares and sell them at the strength.

;-)

C & BAC (6 months chart)...C is performing much better than BAC
http://finance.yahoo.com/q/bc?t=6m&s=C&l=on&z=m&q=l&c=bac

Related bank news for your reference...
US Bancorp profit rises, but write-offs continue
US Bancorp 2Q profit tops expectations, but write-offs for bad loans continue

http://finance.yahoo.com/news/US-Bancorp-profit-rises-but-apf-1685616500.html?x=0&sec=topStories&pos=main&asset=&ccode=

Companies:U.S. Bancorp.Joshua Freed, AP Business Writer, On Wednesday July 21, 2010, 7:52 am
MINNEAPOLIS (AP) -- U.S. Bancorp's quarterly profit nearly quadrupled from last year, to $862 million, even as write-offs for bad loans increased slightly.

The bank said the profit was driven by a revenue that rose almost 9 percent compared with last year, and by lower credit costs.

Total net revenue was more than $4.5 billion, and the profit worked out to 45 cents per share. Both were higher than analysts had expected.

The bank charged off $1.11 billion in bad loans during the second quarter. That was 20 percent higher than the same period last year. U.S. Bancorp says the bad loans rose as the economy worsened, with weakness in both residential and commercial real estate. Still, U.S. Bancorp's loan portfolio has performed better than many competitors.