Does it mean that investors are not so sure that reorganisation brought promised value?
7 replies (most recent on top)
It’s falling because it was artificially inflated with the layoffs. The cash saved from the layoffs is running dry. There was no plan, no new products no innovation. I said this almost one year ago.
The general answer to your question is that it is poorly managed with endless cronies on a gravy train. The consumer side has terrible management of risk resulting in many consent orders that are now compounding and for reasons of bad management again, the bank has destroyed morale by having a multi-year downsizing project. Jane’s time is almost up. Same for her management. Same for all the crony MDs and poor risk managers and compliance people. Tick tock tick tock.
Change in interest rate policy will impact banks, also weaker economic conditions.
Post ID: @grj+1tSzupqw Have you been living on the Moon? Citi has been "working" on the numerous (Not one) Consent Orders (plural) for 4+ years. Citi's stock price is tanking due to a confluence of events, including but Not limited to the general market environment that other companies are similarly experiencing, and the fact that the Market has begun to price-in the usual short-lived increase that Layoffs give. You can only layoff so much until the the layoff effects plateau or decline.
Citi's price is stable compared to other Banks or companies. Investors have grant Jane some time and money for the recovery. They are waiting for Jane's change to the company. Big changes to company might be reflected after consent order changes.
Was this serious question?
You should always index our performance against the market and or peers
Global stock markets stumbled yesterday, crypto too. It was partially due to lame US job market report.