Citigroup Inc. (C)

On Tuesday, they will hold an analyst day devoted to their services business, the most consistent yet least promoted part of the bank. He thinks this meeting will move the stock.

BAC has shown recent strength with a rally, with their Merrill Lynch franchise helping earnings and is better than Citi. Citi is a turnaround story as they reduce staff and streamline. Citi have risen recently though.

Dead weight for a long time. Sweeping progress last year should continue and drive stock higher. Cheap, trades at 8x 2025 earnings, growing at 24%. More positive on US than Canadian banks. Pays decent dividend of 3.69%.

He is bullish the big banks, including this. He is bearish the regional ones.

Was upgraded today. That's a long-time coming. The new CEO is cutting costs and raising profits. So, shares should keep climbing, It's trading at 65% tangible book value.

They've struggled the most among the big U.S. banks. The CEO is carving out their weaker businesses. If he can execute this well, there is upside. Overall, a solid holding.

Citi trades at only 0.6x book value, cheapest among peers, but there may be something wrong with that. Trades at a low 10x PE. Last September, they announced a major restructuring, like cutting jobs and executive layers, and they already dropped many of their international businesses. Wall Street is excited by the many job cuts, but he thinks the growth is questionable. It's the only major bank expected to grow earnings in 2024 at 5.2%. He hopes they make a comeback, but will believe it when he sees it.

Likes the CEO, though the market didn't give her credit for 18 months when she started. Now, she's cutting unprofitable business and expenses. It's becoming lean and analysts are noticing it.

Laggard. Checkered past. Market's not that confident in the stock. CEO is getting good marks in righting the ship. Lots of catchup to the rest of the banks. Lots of risk. He'd need to see more positives before stepping in.

Stock has not been performing well. However, business has opportunity to pickup market share. Believes company has turned corner on performance. Revenue and EPS both up. Growth in institutional and personal banking lines. Currently trading at fair value and would recommend buying. 

He regrets selling positions in MS and BAC and wants to get back in. He does want to sell some of his JPM. Wants to return to MS and GS, because he thinks their stock-trading revenue can excel. As for Citi, their revenues are way down, so he'll pass.

Happy about the news. It's gravy. The CEO finally addressed the low ROE by cutting costs, by cutting five layers of management. She also got rid of most international operations, which he agrees with. He likes her decisions. He'd like to see shares surge.

It boasts the lowest PE among the big US banks and pays almost a 5% dividend. They're cutting costs and bringing in great executives. They're a contrarian bank, lagging its peers this year.

Banks reported their Q2 today, but the market reaction to Citi has been weak, a reaction to the consumer's large credit card balances and trading revenue down 13%.

He just bought it. CITI just hired a gem to run their wealth management division (a former colleague of his). It's the top value name among American banks.