Analysis: Citigroup (C)
Notes: Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash. Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning. My apologies, but it seems the software I've been relying on to track stock events is failing me. As such, I wasn't aware of Citigroup's fourth quarter conference call until Wednesday night and wasn't able to include the pre-analysis during my weekly summary as I normally would. Regardless, Citi announced fourth quarter and fully year 2014 financial results today. Fourth quarter earnings came in at $0.06. This was far below expectations of $0.09. Revenues also missed expectations with results of $17.8B vs. the expected $18.5B. While much of this downside is related to the $3.5B in write downs for legal expenses, which were an...