Citigroup delivered a better than expected earnings report however, the bank still has issues that need to be addressed. The algorithm indicates that Citi will be an investment opportunity but the best time to become invested will be in the upcoming months.
2. "Despite a quarter that was difficult for our company, we
delivered strong results.."
Michael Corbat
CEO
3. Better Than Expected
Earnings Report
4% higher adjusted net income with $4.2
billion in the first quarter of 2014
Net income stood at $1.23 per share,
exceeding analysts' expectations of $1.14
per share
Adjusted expenses fell 1% year-over-year to
$12.2 billion
4. Better Than Expected
Earnings Report
There was a considerable decline in net credit
losses, where cost of credit dropped from $2.5
billion to $2 billion
Adjusted revenues slid from $20.6 billion to $20.1
billion.
By reducing cost of credit and declining expenses
even with lower revenues, Citigroup's income
from continuing operations before taxes rose
from $5.5 billion to $6 billion, an increase of 9%
6. We developed an advanced algorithm
based on artificial intelligence and machine
learning that also incorporates elements of
artificial neural networks and genetic
algorithms
Dr. Lipa Roitman, a scientist with over 20
years of experience, led our R&D team to
develop and consistently enhance the
algorithm
Our live portfolio from 2013 returned 60.66%
in 12 months beating the S&P 500 by 31.27%
7. A unique financial market forecasting algorithm that analyses, models and
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Interest Rates
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World Indices
Firms that can consistently recognize the most opportunities and
overall trends has the key to the market
8. I Know First Prediction
Learn how to read the forecast
9. How To Read The Prediction
Two indicators:
Signal – Predicted movement of the asset
Predictability Indicator – Historical correlation between the prediction and the
actual market movement
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these algorithmic trading strategies
10. Read Our Full Analysis
Algorithm Indicates Citigroup Will Be A Buying
Opportunity, But Not Yet
11. I Know First Sample Portfolio
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60.66% Return in 1-year beating
the S&P by over 30%
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I Know First Review: April 14th 2014