Jim Cramer on Citigroup: “I Think It’s Just Too, Too Cheap to Ignore”

Core Insights - Citigroup Inc. reported a solid quarter with 8% revenue growth and a 35% increase in earnings per share, excluding a one-time charge from the sale of its Russian operations [1] - The bank achieved the highest interest income among its peers, rising by 14%, surpassing expectations [1] - The provision for credit losses was smaller than anticipated, indicating confidence in the economy, although this is not an operational metric [1] Business Performance - Citigroup's services, banking, and markets businesses all exceeded expectations, with the markets business driven primarily by fixed income, while equity trading slightly underperformed [1] - The personal banking segment in the United States experienced a shortfall, indicating a need for improvement [1] - The wealth management unit also faced a minor shortfall, but it was relatively small [1]