Citigroup: What To Expect In 2024 And 2 Key Catalysts

JHVEPhoto My recent Citigroup (NYSE:C) article described it as an asymmetric risk-rewards opportunity. The stock was trading at less than 0.6x tangible book value ("TBV") which indicates that Mr. Market was assuming a return on tangible common equity ("RoTCE") at around mid-single-digit. Whereas the management team is guiding for 11% to 12% RoTCE in the 2025-2026 period. There remains a huge disconnect between what the market valuation is implying and the guidance by the company. This has to converge in the ...