Should You Buy Citigroup While It's Below $70?
If you're on the hunt for bargains after the recent stock market dip, look no further than Citigroup (NYSE: C). The bank is trading at a 27% discount to its tangible book value, making it a golden opportunity for value-focused investors.
CEO Jane Fraser is looking to make her mark and bring the bank's efficiency to the next level. Citigroup recently reported solid first-quarter earnings and has made strides toward its long-term goals. With the stock priced below $70 per share, it looks like a solid buy for value investors today. Here's why.
Citigroup is one of the largest banks in the United States, but it has lagged behind its large peers for quite some time. The bank has faced challenges due to its expansive, sprawling business and regulatory actions, including fines for persistent deficiencies identified several years back. As a result, the bank has consistently underperformed on key return on equity metrics.
Source Fool.com
Citigroup Inc. Stock
The stock is an absolute favorite of our community with 46 Buy predictions and no Sell predictions.
With a target price of 100 € there is a slightly positive potential of 5.34% for Citigroup Inc. compared to the current price of 94.93 €.
