Citigroup (NYSE: C) Archives - Market Mad House

daniel December 27, 2019December 27, 2019 Citigroup (NYSE: C), Citigroup’s Business Model, Goldman Sachs (NYSE: GS) Pfizer Inc. (NYSE: PFE), How Much Money is Citigroup Making?, Is Citigroup a Value Investment?, Is Citigroup Making Money?, Smartphones are the Future of Banking, Tech is the Biggest Opportunity at Citigroup

Is Citigroup Making Money?

Goldman Sachs is imitating Citigroup (NYSE: C) because Citigroup is a cash-rich company.

Market Insanity

daniel July 12, 2018 Citi is, Citi is a Value Investment, Citibank, Citigroup, Citigroup (NYSE: C), Citigroup Dividend, Citigroup is making a lot of Money, Citigroup Refunds, Goldman Sachs (NYSE: GS), Investment Banking for the Masses, Marcus, Marcus at Goldman Sachs, PayPal (NASDAQ: PYPL), The Threats to Citibank

The good news for investors is that Citi is very good at credit cards and customer service. The company will refund some money to 1.75 million customers that did not receive a planned interest rate reduction.

Market Commentary

daniel February 9, 2017 Are Monster Banks still a Good Investment?, Bank of America (NYSE: BAC), Can the Monster Banks Survive the Age of Trump?, Citigroup (NYSE: C), Glass Steagall Act of 1932, Glass Stegall, JPMorgan CHASE NYSE: JPM), Limited Growth, Reince Priebus, Revenue is growing at the Monster Banks, The Monster Banks still have a Lot of Cash, Wells Fargo’s (NYSE: WFC)

Can the Monster Banks Survive the Age of Trump?

A major problem is that revenues at JPMorgan and Bank of America are well below their historic highs. JPMorgan reported revenues of $99.13 billion back in June 2013; Citi reported revenues of $77.40 billion as recently as September 2014, and BOA’s revenues hit a high of $97.59 billion in June 2012.

Market Insanity

daniel November 20, 2016 Are Central Bank Issued Cryptocurrencies a Good Idea?, bank issued digital currencies, Bank of New York Mellon (NYSE: BK), blockchain-based mediums of exchange, Central Bank Issued Cryptocurrencies, Central Bank Issued Cryptocurrency, Central Bank Issued Digital Currency, Citicoin, Citigroup (NYSE: C), CME Bitcoin Real Time Index, CME Bitcoin Reference Rate, CME Group Inc., COIN, cryptocurrencies, Cryptocurrency, Cryptocurrency Market Developing, Deutsche Bank (NYSE: DB), Digital Currencies, Fan Yifei, FinTech Accelerator, Goldman Sachs (NYSE: GS), Monetary Agency of Singapore, Narenda Modi, next-generation currency, PBOC, People’s Bank of China, replacement of paper money with digital currencies, SETLCoin, The World’s First Central Bank Issued Cryptocurrency is Here, UBS (NYSE: UBS), US Federal Reserve, Utility Settlement Coin, Zhou Xlaochuan

Should Central Banks Adopt Digital Currencies?

The PBOC is in a rush to develop a digital currency because of China’s experience with bitcoin. China is the world’s largest market for bitcoin because the cryptocurrency allows the country’s residents to easily bypass its’ rigid currency controls.

The central bankers apparently hope that issuing their own cryptocurrency will give them some control over the situation. Some control is better than no control which is what they have right now.

Grocery Wars

daniel November 18, 2016 Amazon (NASDAQ: AMZN), American Express (NYSE: AXP), Citigroup (NYSE: C), Citigroup has a Lot of Cash, Citigroup is Still a Good Investment, Costco Anywhere Visa, Costco is not Helping Citigroup, Costco Wholesale’s (NASDAQ: COST), How Loyal are Costco Customers?, Is Citigroup Making Money?, More Costco Visa Troubles at Citibank, Walmart (NYSE: WMT)

Costco is not Helping Citigroup

Despite the Costco debacle, Citigroup is still making money, because its’ income is increasing.

Citi reported $14.67 billion in net income on September 30, 2016; which was a slight increase over 2015. The bank reported a net income of $14.25 billion in September 2015. Unfortunately the net income has fallen since the Costco deal – it was $15.31 billion in June 2016.

This makes Citi something of a value investment because it can afford to lose a lot of money. Citigroup will survive the Costco troubles, because it can take the hit.

Long Ideas

daniel November 10, 2016 American Express (NYSE: AXP), Citigroup (NYSE: C), Costco Wholesale (NASDAQ: COST), Discover Financial’s (NYSE: DFS), Discover is an Income Investment, Discover’s Bright Future, Discover’s credit card business, Is Discover a Value Investment?, Why is Discover doing so well?

Credit Cards’ Bright Future on Display at Discover Financial Services

These numbers; and the 27.77% profit margin reported on September, show that Discover’s decision to concentrate on providing basic credit card services and good customer service is paying off.

By ignoring flashy gimmicks and avowing entanglements with retailers; such as American Express (NYSE: AXP) messy relationship with Costco, Discover has been able to maintain steady market share. It has also accumulated a lot of street cred and good will along the way.

Long Ideas

daniel November 3, 2016 BAC, Brick and Mortar Banking is Dying, Capital One (NYSE: COP), Citigroup (NYSE: C), Colorado East Bank, Does Triumph Bancorp Make Money?, JPMorgan CHASE NYSE: JPM), TBK, TBK Bank, The Problem Facing Triumph Bancorp, Triumph Bancorp (NASDAQ: TBK), Triumph Bancorp is not a Good Investment

Triumph Bank Bancorp do Regional Banks Make Money?

This is the big dilemma that brick and mortar institutions whether they be giant monster banks or small local operations face. There are generations of people out there that almost never use brick and mortar banks; including Generation Xers (like me) and Millennials.

The Death Spiral

daniel October 26, 2016 Bank of America (NYSE: BAC), Banking Apocalypse, Chase Pay, Citigroup (NYSE: C), Digital banking is slowly killing physical banking, Digital is Slowly Killing the Brick and Mortar Bank, JPMorgan CHASE NYSE: JPM), Technological Unemployment, Tens of Thousands of Banking Jobs Vanish, Wells Fargo (NYSE: WFC)

Banking Apocalypse Thousands of Brick and Mortar Branches Closing

If this trend progresses to its logical end bank tellers will disappear much like elevator operators did. It also raises a fascinating question: what will communities do with all those empty bank buildings?

Market Insanity

daniel June 24, 2016June 25, 2016 “Costco + Visa = Disaster.”, Amazon (NASDAQ: AMZN), American Express (NYSE: AXP), Citigroup (NYSE: C), Citigroup Needs Costco, Costco Everywhere Card, Costco Members hate Citibank’s New Visa, Costco Wholesale (NASDAQ: COST), Costco’s Loss would be Walmart and Amazon’s Gain, Costco’s Membership Revenue, Costco’s Membership Revenue Threatened, Costco’s sales, Sams Club, Shipping Pass, Walmart Stores Inc. (NYSE: WMT)

Costco Members hate Citibank’s New Visa

Citigroup received more than 1.5 million customer-complaint phone calls about the Costco Everywhere Card during the first two days of the roll out; June 21-23, Bloomberg reported. Costco also took a lot of heat; with its Facebook page filling up with complaints about the Visa product.

Grocery Wars Market Commentary

daniel May 10, 2016May 31, 2016 American Express is still a value investment, American Express’s Surprisingly Bright Future, Amex as a value investment, Citigroup (NYSE: C), dividend stock, growth stock, June 20 could be Doomsday for American Express, Kenneth I. Chenaul, Lending Club Corp (NYSE: LC), Lendio, On Deck Capital Inc., PayPal Holdings (NASDAQ: PYPL), Value Trap

Can American Express Survive without Costco?

Despite the June 20 deadline, American Express is still a value investment. It is a well-run company with a lot of cash, a lot of float and a great deal of marketing creativity. People who buy Amex as a value investment; a dividend stock, or a growth stock will not be disappointed because American Express will survive and grow without Costco.

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