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Citigroup Inc. (C) [hlAlert]

Rating:
Strong Buy
C
up 46.05 %

Citigroup Inc. (C) rated Strong Buy by Raymond James

Posted on: Tuesday,  Oct 16, 2012  8:25 AM ET by Raymond James

Raymond James rated Strong Buy Citigroup Inc. (NYSE: C) on 10/16/2012, when the stock price was $36.59.
Since then, Citigroup Inc. has gained 46.05% as of 01/19/2016's recent price of $53.44.
If you would have followed this Raymond James's recommendation on C, you would have gained 46.05% of your investment in 1190 days.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company is engaged in providing a range of financial services to consumers and corporate customers. As of May 4, 2009, Citigroup had more than 200 million customer accounts and did business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citigroup provides consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.In August 2009, the Company sold three credit card portfolios.In September 2009, Citigroup Inc. completed the sale of Nikko Cordial Securities to Sumitomo Mitsui Financial Group, Inc.'s subsidiary, Sumitomo Mitsui Banking Corporation. In October 2009, the Company sold its Nikko Asset Management Co. to The Sumitomo Trust & Banking Co., Ltd.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2012 8:25 AM Buy
None
36.59
as of 12/31/2012
1 Week up  0.45 %
1 Month up  14.43 %
3 Months up  8.11 %
1 YTD up  8.11 %

(*) Stock Price at the time of the recommendation.
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