I still believe we will see $0.10 ($1.00 RS adjusted) on Monday.
$1.00 + $1.20 + $1.40 + $1.60 = $5.20 Going forward.
$5.20 x 12PE = $60+ PPS Dec2011.
Any Buybacks &/or Dividend Increases are bonuses. GL
Re: poorly written Blog. $6.29B in Revenue is only $0.21 per share so you can't - without some really special accounting math (which would be ignored anyway as one-time events) = $0.30+ in Earnings. It's a typo or guess what - a BLOG and not a news source (although have you notice how some blogs do get mentioned on some news channels as being some kind of defacto trust worth news source or analysis - lol ???? Like Seeking Alpha - any bozo can post there ..)
I would not be surprised to see another quarterly miss. It's time to throw out any remaining garbage - pre reverse split so no more surprises but upside after the stock gets over $40. Over conservative loss provisions for all the outstanding foreclosure and other legal mess they are being scape goated with. Maybe that was the plan all along because they knew they could not justify a $5 stock price with revenue growing but legal trouble still outstanding and the Fed pressure to take proper / conservative accounting charges..?
Makes me go ummmmm - but we will all know in a few hours .....good luck to all.
35 cents? I am hearing a measly 5 cents. Yes, 5 cents. Everyone is talking about how concerned Pandit is. The fact is, management could give a hoot about what they report. You have to accept it. Look at CSCO for the last 10 years, Chambers puts a spin on everything. They were pumping that stock to $30 and it was $16+ today? He could care less with the millions he gets. I am just hoping we make the 5 cents they are talking about here so I can get out of this and maybe find a decent company to invest in. If this stayed as the penny stock it is, fine. However, once that reverse split takes hold, look out.
Here's the paragraph from the blog:
"Citigroup, Inc. (NYSE: C) is scheduled to release first-quarter earnings before the opening bell on Monday, April 18, 2011. Analysts, on average, expect the company to report earnings of 35 cents per share on quarterly revenue of $6.29 billion. In the year-ago period, the company reported earnings of 13 cents per share on revenue of $5.19 billion."
In no way is the writer talking in annual numbers for 2010. He is talking about first quarter 2011 earnings and comparing them to 1st Qtr. '10 earnings.
Stocks are down all the time before big pops. Just look in the last few months and see if the volume was there for powerhouses to begin accumulating and did any accumulate after a r/s was announced. If someone was buying in some of those days somebody liked it. Most are probably hoping that JPM was percieved as best of class and BOA will miss too. Neither have significant emerging mkt exposure.