Citigroup: Beyond Cheap
Citi(C) Seeking Alpha·2024-09-12 00:04
Richard Drury Citigroup (NYSE:C), along with the banking sector, has recently started rolling over despite good news on lower capital regulations. The large bank stock only trades further below tangible book value when the stock falls, providing an even better bargain. My investment thesis remains ultra Bullish on the banking stock, with capital returns set to ramp up. Source: Finviz Basel III Reductions The big news of the week was Federal Reserve Vice Chair for Supervision Michael Barr announcing a plan f ...