Citigroup: Buying Into The Restructuring Plan
CCiti(C) Seeking Alpha·2024-06-22 13:46

Nils Versemann/iStock Editorial via Getty Images Citigroup (NYSE:C)(NEOE:CITI:CA) is in an interesting spot. Over many years, it has underperformed considerably against peers such as JPMorgan (JPM), Bank of America (BAC), and recently Wells Fargo (WFC) in terms of stock appreciation and relevant metrics for a bank. However, the aggressive restructuring plan that CEO Jane Fraser and CFO Mark Mason are implementing might help lay the first bricks to turn around the situation and stick closer to its peers in t ...