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Recent drop in Citibank
16 Sep 2020 (103 views)

My friend is sad. He had invested in Citibank. It crashed 15% in 2 days. He lost money.

I told him - it is okay. The price drop is temporary. It is due to one bad news - a big mistake made due to reliance of manual process.

The fundamentals still look good. See the financial figures below. The price earning ratio is 7.6 times, which is lower than 10 times for most banks. The dividend yield is 4.2%.

I think that the price of Citibank will recover.

Hello, this is just a gut feel. I will be analyzing the fundamentals again in more detail. My lazy crystal ball CB does not want to do the work. 

However, among the big global banks, I preferred ICBC of China and MUFG in Japan. Citibank ranked 3rd in my list.

Tan Kin Lian


Recent drop in Citibank
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My friend is sad. He had invested in Citibank. It crashed 15% in 2 days. He lost money.

I told him - it is okay. The price drop is temporary. It is due to one bad news - a big mistake made due to reliance of manual process.

The fundamentals still look good. See the financial figures below. The price earning ratio is 7.6 times, which is lower than 10 times for most banks. The dividend yield is 4.2%.

I think that the price of Citibank will recover.

Hello, this is just a gut feel. I will be analyzing the fundamentals again in more detail. My lazy crystal ball CB does not want to do the work. 

However, among the big global banks, I preferred ICBC of China and MUFG in Japan. Citibank ranked 3rd in my list.

Tan Kin Lian