Citigroup Stock Reaches New 52-Week High: Hold or Fold Now?

Key Takeaways C shares touched a 52-week high after a market rally, strategic asset sales and improving investor confidence.Citigroup is exiting non-core markets, cutting jobs and simplifying operations to aid long-term growth.C expects higher NII, stronger investment banking fees and $2-2.5B in annualized savings by 2026.Shares of Citigroup, Inc. (C) touched a new 52-week high of $124.06 during yesterday’s trading session, closing slightly lower at $123.30. The rally was driven by expectations that the cap ...