Is Citigroup Finally a Value Stock to Buy?
Last year was rough for banks, as they were forced to set aside billions of dollars to protect themselves against potentially devastating loan losses because of the pandemic. Thanks to swift action by the U.S. government and the Federal Reserve, however, things didn't get quite as bad as they could have.
Citigroup (NYSE: C) did itself no favors, racking up separate regulatory issues that led to a much steeper decline in its valuation. After facing its mistakes, the company shook up its management team, and the new brass has corrected course in a way that has won back some investor confidence.
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Source Fool.com
