Citigroup: Another Turnaround Catalyst

Bloomberg/Bloomberg via Getty Images In a surprise move, financials ended the year at the highs with Citigroup (NYSE:C) trading up to nearly $60 to start 2024. The large bank hasn't traded this high in a couple of years despite the cheap valuation. My investment thesis remains ultra Bullish on the stock still trading below tangible book value, but the large bank has constantly failed to execute turnaround plans. Source: Finviz Improving Efficiency Citigroup expects to transform the business via reducing cos ...