This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Citigroup Trades at a Discount to Industry: How to Play the Stock?
Citigroup © is trading at a discount compared to its industry and peers like Bank of America and Wells Fargo, despite outperforming them in stock appreciation over the past year. The company is undergoing a strategic transformation, divesting non-core assets, streamlining operations, and investing in wealth management and investment banking, aiming for efficiency and growth. While its discounted valuation, improving earnings, and strong capital position present a compelling case, potential risks from deteriorating asset quality and execution challenges warrant a hold rating for long-term investors.