Where Will Citigroup Be in 3 Years?
The large U.S. money center bank (NYSE: C) has enjoyed quite the run. The stock is up over 75% in the last five years and now trades at over $88 per share (as of July 3), highs not seen since 2008.
Citigroup also trades at about 97% of its tangible book value (TBV), a significant discount to peers, despite having materially grown TBV per share in recent years. Investors are certainly pleased with the progress and wondering if Citigroup can keep the momentum going. Where will the bank be in three years?
Shareholders have been through the ringer with Citigroup. They've dealt with consent orders and lackluster returns, which has kept the stock depressed until recently.
Source Fool.com
Citigroup Inc. Stock
€107.34
0.980%
With 46 Buy predictions and not a single Sell prediction Citigroup Inc. is an absolute favorite of our community.
However, we have a potential of -1.25% for Citigroup Inc. as the target price of 106 € is below the current price of 107.34 €.
