A rising tide raises all boats. Citi is lucky to be up again but it wont last long. The fundamentals aren't there to support growth in the stock.
The bleeding will obviously continue and will likely never stop like at Wells Fargo, as management will be under constant pressure to fix the mess they created.
to the guy that said JPM stock is going up so that's good, they literally laid off a ton of people while the stock was going up and were funding a brand new building in nyc I think. I don't think any of that really matters
$500 was the price pre out of court restructuring related to dilution after Citi took the biggest bailout ever. Those days are incomparable b..
This isn’t a high stock price! Hahahaha! It was over $70 back in 2017!!!
He said, she said, blah….blah…blah…..Do SOMETHING to make the stock price go up. A layoff stock price bump only goes so far. It loses its momentum. Supposedly the FED interest rates will lower which should cause things to churn positive afterwards. If Citi does not benefit then things are far far worse than we know.
Citi did a 10 for 1 reverse split. Factor that in, so it’s worse.
In comparison, JPM was at 40 and now is at 218. So, whatever Citi has lost in market share, they have claimed. I know everyone is sick and tired of being compared to JPM but they are the competition. There’s only so many people out there to provide services to, so what are you doing to draw them in.
The stock prices traded at over $500 pre financial crisis. The only thing high is you b