Citigroup is on fire

The bank's stock has nearly doubled in the past year. Should investors jump in?

By Motley Fool Jul 15, 2013 2:06PM

Citigroup's (C) second-quarter profits rose 42% and shares have been on fire lately. But is this the same Citi from the Great Recession or is the underlying business stronger?  


Motley Fool senior banking analyst Matt Koppenheffer explains how Citi has fortified its balance sheet and how the bank is dealing with a pullback in refinancing business. With the stock rising, Koppenheffer believes there is still room to run.

 

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16Comments
Jul 15, 2013 2:44PM
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Oh boy it's up from $2.50 PS to $5.18 PS disregarding the 10-1 reverse split.  BAC, C, MS, GS and JPM are all whore houses looking for their next John. WFC is the only one that's worth anything. But like GM I wouldn't invest a dime in any of the TBTF taxpayers bailouts that screwed all of us for the last 4 years.

Jul 15, 2013 4:51PM
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YOU KNOW - YOU AMERICANS SHOULD BE SCARED TO DEATH!!!

FOR ME TO WITNESS THE MEDIA  "INFORM" THE POPULATION WITH DIFFERENT CONTENT DEPENDING ON THEIR BRAND NAME SHOULD TELL PEOPLE THEY ARE BEING BRAINWASHED BY SOMEBODY!!!!

BUT NOOOOOOOOO - - - - -  THERE'S TOO MUCH "BRAIN DEATH" IN AMERICA!!!

Jul 15, 2013 3:41PM
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Great place to watch your money vaporize when this 'bank', tips over on its wee head and does a face plant, as all major banks soon will.
Jul 15, 2013 5:32PM
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And now in more bizarre news... George HW Bush is hailed by Kool Aid Barrack Obama for a kinder gentler America. Please look away from the six person thick security force at every entrance.
Jul 15, 2013 5:29PM
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Hey Sandy Weil... hope you are reading this article and crying. YOU created this whore and it truly is one. I fondly recall the days when your real underwriters would call and beg for a job out of your back room. I placed many all around the country. You took a good ship, painted it pink, let it rot and now... look at what you've got. We'd prefer Glass Steagall and you out of business instead of that tragic Traveler's merger that started us down this slippery slope. You're a dope, Sandy.  
Jul 15, 2013 5:24PM
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i've got underwear older and smarter than these kids. why is it that NONE of these stocktouting widgets have a memory longer than last tuesday? most stocks are trading well below peak values and the best advice is stay the **** away from the market and from brokers. if you had 1,000 shares of citigroup before the financial meltdown you had about 50 grand in your pot. the shares dropped to essentially pennies and underwent a 10 for 1 reverse split...to be whole again your now 100 shares would have to rise to be about 500 per share.....meantime let's pass out bonuses to the execs and party on ...time to rev up the market to fleece the investors again...and begin offering arms thru the banking services too....after, all dummies never learn
Jul 15, 2013 4:46PM
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Havasu.... You have greatly magnified the image of Citigroup, They have never made the grade of a Whore. At best, they are a back alley $2.00 Hooker.
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The Housing market, Refi's, and secondary company's like Sharebuilder have produced more money for Citigroup. What comes up must go down. Hopefully history wont repeat itself with refi's and homeowners take the time to actually read a book on finance, and personal finance.
Jul 15, 2013 5:35PM
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oh and by the by.....it was the motley fool who just published the column about walmart the other day. what the internet won't tell you about walmart.....and the writer couldn't grasp the difference between revenue and profit...the author kept defining what walmart takes in as 'profit' whether per minute, per day, per hour etc....i don't think these are the people to get financial advice from if they can't comprehend  basic accounting facts such as revenue is income but not net income....income is not profit till all costs are met....but then this might be the new wall street....
Jul 15, 2013 8:21PM
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Having Bank stocks a few years back, They were one of the positions we cleared out before their downfall in share prices...Actually just got lucky and had taken some apprecation and 4% plus dividends for a few years or months...Plowed profits into other stuff or held some cash reserves.

Normally invested in Large Regionals only..

Their Dividends were paying more then their CDs at the time...Reason for purchase with CD cashes.

Got into I think Pinnacle for awhile too after blow-out, finally sold getting a touch more then even.

 

Haven't been back to Banks since, except REITS...so-so right now..

Old bank investment has went up about 35-50% since bottom, but who could pick bottom??

So have many other stocks or went up much better..

And the bank still isn't paying divs....Why bother with banks ??

Jul 15, 2013 4:26PM
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I own all the large bank stocks.

I be a makin' lots of money!

Har har har!
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