“BlackBerrys down, heads up … This is urgent.”

One of the major stumbling blocks to a broad-based financial stock rally is Citigroup’s persistent inability to get its shit together.

The Wall Street Journal recounts the company’s horrid 2014 so far…

citi

Bulls argue the stock is cheap – and they’re right.

But it’s been cheap for a long time and the company continues to find ways to piss shareholders off.

In the meantime, they blew out of wealth management with their partially forced sale of Smith Barney just before the industry-wide renaissance of that business line. In terms of banking, the company is bigger in Asia and elsewhere in the world – operations in over one hundred countries – but people simply don’t want to hear about anything international at the moment.

The line above, about the “This is urgent”, comes from an all-hands-on-deck meeting held by the CEO last month, shortly after they’d learned that the Feds failed them in a stress test (again). Click over to the link below for the full story of how the company intends to rebound:

Citigroup Fights to Recover From ‘Stress Test’ Failure (WSJ)

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. travel tote commented on Oct 29

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  2. Harold Jahn Utah commented on Nov 04

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  3. track1,2 + pin commented on Nov 20

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  4. bahis siteleri commented on Nov 24

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  5. wig commented on Jan 14

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  6. Philips 6LR61 manuals commented on Jan 20

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  7. tangerine log-in commented on Jan 20

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]

  8. bandar 77 commented on Jan 24

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2014/06/22/blackberrys-down-heads-up-this-is-urgent/ […]