Thread regarding Citigroup Inc. / Citibank / Citi layoffs

The stock price in 2017 was in the $70’s. Here we are applauding growth up to the high $60s?! Really?!

Citi is totally in the toilet. It’s only the commercial side of the business that keeps it afloat. They should offload ALL of its consumer business because it’s one fine after another.

The most poorly managed bank on Wall St over generations of CEO.

Post ID: @2aep+1tC3sPaP Maybe it takes Citi baby steps, what would take Real Banks JPMC, Goldman, Morgan Stanley, Barclays, etc. lightning speed. Regardless, Citi is terminal on life support. The end is near and Citi will soon meet the Bankruptcy G0d. LOL!

Yes, the reorg is part of bigger changes. You can't fix it overnight like some of these posters think. S-xism gets the better of people though.

We have to simplify the basics and remove bulk. Then we will start focusing on operational excellence. Only then does it make sense to start looking at innovation and new products. Baby steps!!!

I have seen plenty of layoff announcements and it’s usually an opportunity to buy. I got in @41 and I’m pretty comfortable with the assessment that CITI will soon be trading around book value at least (90). That’s my exit point unless it stalls here…

I honestly don't get the stock market - bad news, stock rallies. Good news, stock goes down. I think it's just a cheating game for all those people managing big funds and who control policy at these organizations they invest to begin with.

After the luster of the layoff realization wears off, the company stock will stand on its own. Share holders will then look at the company direction vs the price and determine “can the stock not only hold but can it go up” or “the spike up was nice but has no legs to maintain or rise”.

For me, I think its a valid thread.

This is a BullSh!t Troll thread started by a Troll. The OP needs to go back to college or university and take Investing Portfolio Management and/or Finance 101.

A stock rise as a result of a layoff and reorg announcement, so what, big deal. Any stock rises upon that. Its having the stock rise due to innovation, something new or better.

A CEO should be the leader and in order to claim market share, we need to:
a.) deliver something new that our competitors don’t
and\or
b.) deliver a better product or service than our competitors do.

Having the stock rise BECAUSE of that, shows innovation and leadership.
Having the stock rise on the news of a layoff or reorg, meh, that’s a long standing recipe for a short term stock price hike when you can’t think of anything else to do. If you want to impress me, then freaking lead us and the company to a larger market share claim.

Do something to take from Wells Fargo and JPM their customers away from them.
What? I don’t know, then again I’m not getting paid 23 million dollars plus bonus’s and stock awards to know either.