Warren Buffett and Berkshire Hathaway Own Citigroup Stock. Should You?
In early 2022, Warren Buffett and his investing team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) made a splash by buying $3 billion in shares of (NYSE: C).
At the time, Citigroup was experiencing seismic change under new CEO Jane Fraser. The stock's valuation was hovering well below its peers, still hobbled by a poor reputation and memories of its 2008 government bailout. Fraser promised a way out through targeted cost-cutting, which she believed would make the bank more efficient -- and profitable.
Source Fool.com
Citigroup Inc. Stock
€56.60
-0.370%
With 21 Buy predictions and 3 Sell predictions Citigroup Inc. is one of the favorites of our community.
As a result the target price of 73 € shows a positive potential of 28.98% compared to the current price of 56.6 € for Citigroup Inc..
