2 Bank Stocks Trading at Bargain Valuations
In recent weeks, bank stocks have been on a tear. The Federal Reserve signaled an intention to stop rate hikes, and many believe rate cuts will soon be on the horizon. That should help banks underwrite more loans at more affordable interest rates.
The recent rally pushed up valuations quickly, but a few bargains remain, like (NYSE: C) and HDFC Bank (NYSE: HDB), which trade at deep discounts to their peers.
Have you ever heard of HDFC Bank? Most people haven't, even though its market cap is bigger than that of Citigroup, the next stock on this list.
Source Fool.com
Citigroup Inc. Stock
€117.08
0.270%
With 41 Buy predictions and not a single Sell prediction Citigroup Inc. is an absolute favorite of our community.
However, we have a potential of -0.92% for Citigroup Inc. as the target price of 116 € is below the current price of 117.08 €.
