Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Citigroup's Great Escape


Strengthen your portfolio in good times and bad.

Bloomberg reports Citigroup (C) may decide to sell its consumer-banking unit in Germany. The company is exploring "a variety of options" for the unit, a spokesman said, which has about 340 branches in Germany and is the biggest consumer-lending business in the country. Some believe a sale could fetch between 5 billion to 6 billion euros ($7.8 to 9.36 billion).

The plan could be part of a process CEO Vikram Pandit announced earlier this month that it would shed $400 billion of assets over the next three years. Citigroup has come under pressure as the company has had to write down over $40 billion in losses over the last year. To date, Citigroup has raised over $44 billion to shore up its balance sheet.

For more, see Professor Glenn Curtis' column Citigroup CEO Finally Flexes Muscles.

From the Bull Pen: Bulls are eyeing plays like Visa (V), which ended higher on a down day for the financials. Professor Sean Udall even mentioned that the stock at $75 is especially appealing.

From the Bear Cave: Isn't Germany one of the strongest economies in Europe? Bears believe this is a big mistake and might even see a head and shoulders pattern develop should the stock approach $25.

Have a great weekend!
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos