Citigroup: Bull Run Towards Triple-Digit Share Valuation May Have Started
CCiti(C) Seeking Alpha·2024-03-29 19:10

Olena_T Approaching 2024, I have assigned Citigroup (NYSE:C) a "Strong Buy" rating, arguing that the bank's stock is on the brink of appreciable valuation growth due to several key factors: The bank has lately been making good progress in restructuring its operations, setting up for an expanding cost-to-income ratio going into 2024 and beyond. Moreover, conviction on rate cuts is building confidence on an improving credit environment, with both supportive loan growth and manageable write- downs on the bank' ...