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Citigroup Inc. (C) [hlAlert]

Rating:
Buy C
up 36.71 %

Citigroup Inc. (C) rated Buy with price target $55 by Standpoint Research

Posted on: Tuesday,  Jun 21, 2011  2:25 PM ET by Standpoint Research

Standpoint Research rated Buy Citigroup Inc. (NYSE: C) on 06/21/2011, when the stock price was $39.09. Since
then, Citigroup Inc. has gained 36.71% as of 01/19/2016's recent price of $53.44.
If you would have followed this Standpoint Research's recommendation on C, you would have gained 36.71% of your investment in 1673 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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/21/2011 2:25 PM Buy
None
39.09 55.00
as of 12/30/2011
1 Week down  -4.18 %
1 Month down  -4.25 %
3 Months up  2.69 %
1 YTD down  -32.69 %

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