Citigroup’s most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $71.00 short call and a strike $76.00 long call offers a potential 13.12% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $71.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $76.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Citigroup is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Citigroup is bullish.
The RSI indicator is at 45.2 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Citigroup
Morgan Stanley Plans to Launch Bitcoin Swap Trading
Thu, 13 Sep 2018 15:31:00 +0000
Citing a person familiar with the matter, Bloomberg reports that the leading American investment bank will facilitate deals in derivatives contracts that will allow traders and investors a synthetic exposure to the performance of Bitcoin, the most popular cryptocurrency. Morgan Stanley will benefit by charging a spread for each transaction.
Bitcoin Gains Traction as Morgan Stanley Prepares Bitcoin Swap Trading
Thu, 13 Sep 2018 15:04:00 +0000
Bitcoin rallied 3.44% to $6,479.00 on the Bitfinex exchange as of 8:04 AM ET (12:04 GMT).
JPMorgan Chase Outperformed Top Peers: More Upside Potential?
Thu, 13 Sep 2018 13:45:23 +0000
With a YTD (year-to-date) return of 5.7%, JPMorgan Chase (JPM) is currently the best-performing stock among the five largest US banks—based on market capitalization. JPMorgan Chase has also outperformed the Financial Select Sector SPDR Fund (XLF), which tracks an index of S&P 500 financial stocks. XLF has gained 0.6% YTD.
Citigroup (C) Announces Upbeat Expectations, Stock Up 1.6%
Thu, 13 Sep 2018 13:19:01 +0000
Citigroup (C) projects fixed income and equity trading revenues in Q3 to be flat to slightly higher compared with the prior-year quarter.
Weak Real Estate Lending Is Hurting Wells Fargo’s Credit Growth
Thu, 13 Sep 2018 11:32:09 +0000
Corporate lending and structured debt growth have fallen in recent quarters due to the Federal Reserve’s hawkish monetary policies and lower tax, weakening US banks’ credit growth. Wells Fargo & Company (WFC), which is already struggling with compliance- and fraud-related issues, has seen stable to negative credit growth.
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