Citigroup (C) Offering Possible 25.86% Return Over the Next 6 Calendar Days

Citigroup's most recent trend suggests a bearish bias. One trading opportunity on Citigroup is a Bear Call Spread using a strike $51.50 short call and a strike $57.00 long call offers a potential 25.86% 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 $51.50 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock rose above the $57.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Citigroup is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Citigroup is bearish.

The RSI indicator is at 56.46 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Citigroup

PRESS DIGEST – Wall Street Journal – Sept 11
Fri, 11 Sep 2020 06:08:16 +0000

PRESS DIGEST-New York Times business news – Sept 11
Fri, 11 Sep 2020 04:14:28 +0000

Citigroup's Fraser to be first woman CEO of Wall Street bank
Fri, 11 Sep 2020 02:25:55 +0000
Fraser, 53, has been a rising star in the financial industry, with a career that spans investment banking, wealth management, troubled mortgage workouts and strategy in Latin America – a key geography for Citigroup. Fraser's promotion to CEO was celebrated as a step in the right direction for an industry that has few women or diverse executives in its top ranks. “Great news for the company and for women everywhere!” tweeted Bank of America Corp operations and technology chief Cathy Bessant.

Citigroup's 'strategic thinker' Fraser breaks glass ceiling
Fri, 11 Sep 2020 01:57:43 +0000
Jane Fraser made history on Thursday when she became the first female global bank chief executive, a role she will take up next year when Citigroup Inc's current CEO Michael Corbat will step down. Fraser, 53, who grew up in Scotland, navigated some of the world's most cut-throat corporate environments, including Goldman Sachs, Harvard Business School and McKinsey & Company, before joining Citigroup in 2004. During her time at the bank she has helped execute some of its divestitures, including the staggered sale of its Smith Barney brokerage, and was often assigned to fix problems in the bank's operations, ranging from its U.S. mortgage business to its Mexico operations.

As Citi taps Fraser, Wall Street's poor record on diversity is put in focus
Fri, 11 Sep 2020 01:38:55 +0000
Citigroup Inc's appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. It was 1972 when the Washington Post, then a Fortune 500 company, named Katherine Graham as its CEO. While progress for female leaders has been slow, 36 of the Fortune 500 companies are now run by women, including automaker General Motors Co, chocolate maker Hershey Co and Northrop Grumman Corp, according to corporate governance services firm BoardEx.

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