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A global financial services firm, Citigroup provides a range of offerings to consumer and corporate customers.
Big beta bank, time to shine is closely approaching and you don't want to be late to the game
Citi is still in the early stages of a strategic overhaul of its US retail franchise, focusing more narrowly on affluent customers in 7 key urban markets, bringing the US more in line with its global retail strategy. This should allow Citi to leverage best practices fromtheir strong Asian franchise and prepare for the next generation of tech in banking. Citi also recognizes the need to improve the US retail brand, and this effort will be driven by greater customer focus and shifting from a siloed, product-focused approach.
Housing market about to catch a tail wind
Red thumbing financials. Predicting a softening in the US economy and deteriorating credit metrics. Mainly in housing and auto loans.
.................No country has survived a more than 50% Government circular money exchange system. The rapid break down will occur within the next 5 years.
The value of the global franchise has not been fully incorporate into the price of the stock.
Book value and future rising interest rates
large cash position; value
If the government treats the banks like it has other "vulnerable" industries, there will be additional fines for other reasons.
The cleanup of it's legal issues and toxic assets should boost future earnings and allow it to trade at a higher price/book (currently P/B is 0.71). It shouldn't be hard to get this to move 50% in the coming few quarters.
I picked this stock because it has a Price/Book ratio of less than 1, sales above 25B$ and EBIT larger than 10B$.
On the rec of Kirk Spano.
Same as AIG, this is a long-suffering stock. I'm looking for a multi-year recovery as fundamentals and reputation gets better. It may never go back to its past glory, but there's a lot of room from here to there.
Still trades at a discount to book. Still expect earnings growth. Down the line, dividends will improve.
Citi continues to make slow strides forward on both the topline and bottomline. The stock price continues to trade at a discount its value and will likely have a long uptrend for many years.
I don't care for the bank, but it is extremely undervalued and looks poised to hand gains to shareholders. The Fed not finding the bank able to hold up under stress or the so called stress test being reported looked like they could (as the min capital reqs for the banks was 5%, and citi was 1.5% above looks great from a technical perspective. I may open up a real position in it soon as it looks like capital gains are to be had here.
Citigroup is undervalued to its tangible book value per share
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