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Aandeel Citigroup NYS:C.N, US1729674242

  • 63,530 10 mei 2024 22:00
  • +0,210 (+0,33%) Dagrange 63,120 - 63,920
  • 9.548.738 Gem. (3M) 14,8M

Citigroup $4,42 17-09

11 Posts
| Omlaag ↓
  1. forum rang 6 mercurius-adept 30 september 2009 20:54

    Citi Third Quarter 2009 Earnings Review


    New York – Citigroup will issue its third quarter 2009 results via press release at approximately 8:00 AM (EDT) on October 15, 2009. Results will be reviewed via live webcast and teleconference at 11:00 AM (EDT).

    The press release, webcast and presentation materials will be available at www.citigroup.com/citi/fin. A replay of the webcast will be available at www.citigroup.com/citi/fin/pres.htm.
  2. forum rang 6 mercurius-adept 30 september 2009 21:02
    Rochdale Securities rates buy; raises price target

    Rochdale Securities analyst Richard Bove on Sept. 29 increased his price target on Citigroup shares to $6.50 from $4. In a research note, Bove said Citigroup has a solid future as "an international bank with strong corporate, high wealth and payment services customers" and that it will be able to fund operations with a highly liquid balance sheet.

    Facing a potential collapse, Citi was bailed out by the government multiple times. The Treasury Department provided Citi with $45 billion in bailout money as part of its broader $700 billion bank rescue program. The government also agreed to protect Citi from losses on hundreds of billions of dollars in risky investments.

    The government recently exchanged a portion of that $45 billion bailout for a 34% stake in the bank.

    Aside from government support, Citi has been restructuring its operations to reduce costs and exit riskier businesses. It has been selling noncore assets, such as its Japanese asset management unit and retail brokerage business.

    Bove said the new bank emerging from the changes will be about 40% of its peak size and an attractive investment opportunity. He forecasts Citi will earn 13 cents per share in 2009 and 7 cents per share in 2010. Analysts polled by Thomson Reuters, on average, forecast the bank will lose 16 cents per share in 2009 and earn 10 cents per share in 2010.
    www.businessweek.com/investor/content...
11 Posts
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