Citigroup Inc. (C)

Maybe a bit over its skis. Q4 was impressive, with earnings up 56%. Improving story, has come a long way. At tail end of divestitures, so global imprint is getting smaller. Macro concerns, as with all the banks.

Compound annual growth profile still 11%. Trading ~9x PE for 2028, a bit less for 2027. Don't buy on this spike, but look for $118.

Having a bit of a renaissance under current CEO. Likes it very much because it's undervalued. 

He owns this and JPM. Bought Citi because it was so undervalued. It's come a long way, more left in the tank. Banks will do less well in a softer economy, but they're safer than ever.

US banking sector had a downdraft on worries of credit problems. But private credit issues aren't with the banks -- since 2008-2009, banks can't lend to those types of businesses.

Leave some $$ in your technology sleeve to allocate to one of the end users -- an industrial (TT) or big US bank (JPM or Citi) or retail/logistics (WMT or COST).

They report Tuesday. It will probably rally the most among the banks next week. It has great momentum. The street loves it.

It was up on the month before, better than the market. Today's headlines of a rumoured regional bank buy (Citi denies it), gives you an opportunity to buy.

Is up today and yesterday, both down days in the market. The financial did gangbusters last year, so it's okay that they pause this quarter in 2026. In private equity, he doesn't see a systemic credit problem. It's a matter of time before financials gaining their pace again.

Likes US large banks -- will continue to benefit from deregulation and a sturdy economy. Owns JPM, but likes both names.

On technicals C is holding above the 200-day MA, making it stronger than JPM which is falling a bit below. C also has a lower price-to-book. JPM probably has more earnings growth ahead.

It was an obvious turnaround stock. The CEO gave Citi more focus and reputation. It continues to evolve and trades at a discount to their book value.

Fantastic job on restructuring. Cheapest valuation of the group. ROE is picking up.

He'd probably pick Citi. Slimming down its foreign operations. CEO doing good job with the turnaround. Very reasonable valuations, close to book value.

SAN is a good bank and well managed. Lots of exposure to Latin/South America and to Europe. The one to pick if you were really intent on international exposure. More volatile, as the economies it's in tend to be more cyclical.

More to go? Yes. Record revenues last quarter, operating leverage looked good. Despite the run, still only 9x PE. He models 16.4% growth.

He likes US banks. Citi is still in turnaround as the CEO does a terrific job. The discount to peers will close as return on equity improves. The May 2026 investor day will be a major catalyst.

Money-centre banks are advantaged structurally to the regionals. Buying this one might preclude you from buying a better one. The best bank in the world is JPM. But you'll probably do fine with either one.