http://www.reuters.com/article/us-citigroup-ceo-outlook-idUSKCN0YO2SB http://finance.yahoo.com/news/big-banks-waited-years-rate-164449097.html http://finance.yahoo.com/news/citigroup-leads-bank-stocks-lower-142623231.html http://finance.yahoo.com/echarts?s=C+Interactive#{"range":"2y","allowChartStacking":true} Trade: With C at 45.39 Jan '17 57.5/60 bear call spread for a net credit of $18 Yield = 18/232 = 7.76% in 230 days or 12.3% annualized Prob = 89% Expectation = .89(18) - .07(232) - .04(116) = 16.0 - 16.2 - 4.6 = -4.8 Price.......... Profit / Loss.......... ROM % 35.00............. 18.00.................. 7.76% 40.00............. 18.00.................. 7.76% 50.00............. 18.00.................. 7.76% 57.50............. 18.00.................. 7.76% 57.68............... 0.00.................. 0.00% 58.45............ (77.20).............. -30.88% 60.00............ (232.00)............. -92.20% 70.00............ (232.00)............. -92.20% 75.00............ (232.00)............. -92.20%
%% Hedge fund manager Jim Cramer said recently ''banks rally on nothing'' Too bad the 200 day moving average is against most of them[ big banks] LOL NOT a prediction. The CEO of Citigroup[sandy W ] was quoted in WSJ,'' break up big banks''...................
Bankers committing suicide: http://nypost.com/article/why-are-s...witter&utm_medium=SocialFlow&sr_share=twitter Here's my advice to any banker contemplating suicide: Sell the house in the Hamptons Put the kids in public school Get a job as an orderly in a children's hospital http://www.nbcnews.com/nightly-news/video/tutu-tuesdays-help-bring-joy-to-sick-children-438776387532 It's better than hitting the pavement at terminal velocity.
Wells Fargo has done better than most; BAC, C tend to do much worse than average. I was noting the stock price past 10 years. WSJ noted that on 5 years, but both are true Even worse, all the big bank losing lawsuits.....