bullish
Citigroup Inc (C) - Wednesday, Sep 18, 2024
SUMMARY
- Investors are disappointed with Citigroup's lackluster profitability compared to other large US banks, leading to a low valuation of 0.65x TBV
- Potential for improvement as the company has excess capital and may be able to increase profitability to reach a 10% ROTE in the next two years
- Predictions suggest that if Citigroup reaches its targets, there could be a significant increase in share value, with TBV/share reaching $100 and EPS of $10 by 2026, presenting a compelling investment opportunity for those willing to take a risk on the bank's future performance.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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