I think C is extremely cheap right now; I bought alot more today. I have an absolutely huge position in C right now. I think the stock represents tremendous value below 4, and while many targets sit at $5.50 to $6.50, I believe those are likely low by many, many percentage points.
I also like MS and GS. Circling back to C. I think the stock and others in the group will benefit from the rash of estimate cuts of late. Banks are not sequential growers and produce lumpy results - if they're being honest, that is. Certainly many estimate cuts are coming for the current quarter and maybe even for the following year. I might agree to lower the current quarter, but not the FY to next year's numbers.....
long C
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