C is going to post a monsterous earnings report and does not want its run affected by people thinking it has doctored its books! I love this announcement. They are gonna leak boys! They are gonna leak earnings soon tomorrow or monday and don't want people thinking they doctored their books! Awesome! Again, all jmho
Citigroup says FASB change won't have impact on financial statements
You got bigger ones than I do. I would never want to be out of this stock after market closes. It would be the biggest mistake I would ever make. Can you imagine Pandit comming out after A/H closes and saying Citi has had its most profitable quarter in its companies history? Bid Ask would open tomorrow at 20.00 and you would be very unhappy. Again, all jmho
I thought this also when I saw the basher spewing his vitriol. Talk about a head fake. If there is one thing I've learned working in corporate America, all leaks are done intentionally with a very specific purpose. These guys didn't become executives by telling the truth. And they all have PR depts for a reason. These guys see a huge opportunity to make a killing on Citi, and they are not going to let it escape.
The banks and regulators probably got the insider agreement. You guys are right, this sets up the perfect storm for a huge bank rally the next two weeks as WFC, GS, JPM, C And BAC release earnings. Based on their public statements there'll shouldn't be any doubt about profits reporting, but the guidance should blow away expectations. And oh yeah there's the uptick stuff next week.