Citigroup: The Catalyst That Could Trigger A Melt-Up
CCiti(C) Seeking Alpha·2024-04-29 17:19
VV ShotsIn my previous articles (such as this article), I recognized quite early on that Citigroup's (NYSE:C) (NEOE:CITI:CA) strategic restructure is the genuine focus. It was clear that Jane Fraser's plan wasn't just a cosmetic or "a lipstick on a pig" exercise, unlike the 12 or so prior attempted restructures. The key signs for me were:  Abandoning the global ambition of the Global Consumer Bank (the prior strategy didn't make any sense whatsoever to me); Committed investment in high ROE and capital-l ...