NYSE:C

Citigroup Inc. (C)

122.69
+1.65 (1.36%)
as of Oct 27, 2026, 8:00:00 pm Market Closed.
143 watching
0
PAST TOP PICK
(A Top Pick Apr 27/22, Down 2%)

The large US banks are holding their own, far better than the regionals. Citi is one of the most geographically diverse banks around which offers safety. Still likes it. Pays a 4.4% dividend and trades around 6.5x PE. Trades at a big discount to book value.

DON'T BUY
The U.S. banks report next Friday

It's puzzling that their tangible book value is much greater--nearly double--than their stock price. Something is wrong here. Why?

PAST TOP PICK

(A Top Pick Jan 07/22, Down 30%)

Has since sold shares.
Company proving to be a value trap.
Lost patience with company.
Will invest in other companies within sector. 

DON'T BUY
Unfocused, a cleanup operation. Trades cheaply, but deservedly, as it's half as profitable as other big money-centre banks. Chart's not good, tracking the market down. Better ideas elsewhere.
DON'T BUY
Has under-performed for a long time. Opportunity to buy other names. JP Morgan or Goldman Sachs a better investment.
DON'T BUY
They reported a modest revenue beat and a big earnings beat, mostly from higher net interest margins. Their investment banking is ugly. Net interest income was up 10%. They reiterated full-year forecast. He remains skeptical. Historically, they have rallied in response to earnings, but those gains always fade.
BUY
It's very cheap, well below tangible book value. The CEO has been in the hot seat since 2021, but she is shedding non-core assets and improving internal systems. So, market sentiment is turning around.
BUY
Pays a 4% dividend yield and trades at a single-digit multiple. They will buy back shares inevitably.
DON'T BUY
A cheap stock that will stay low. He prefers JPM.
DON'T BUY
They report Friday. Its book value is much higher than stock price. A conundrum. Until there is earnings momentum, he won't buy this. There are better banks.
TOP PICK
Stands out with its compelling valuation. Global, strategic money-centre bank at 55% of book value. Too cheap to ignore. Very strongly capitalized company. Recession concerns have held the banks back. May stall out in a recession, but significantly more upside than down from here. Yield is 4.05%. (Analysts’ price target is $65.02)
DON'T BUY
He ranks this very negatively. Something is wrong with their balance sheet or something very wrong with the company, though he can't pinpoint what. The yield pays 4%, but the yield curve is ugly for all banks. He won't touch it.
DON'T BUY
He owns calls, not stock. Citi has just not performed and deserves to be punished.
DON'T BUY
Always the laggard. Very inexpensive at 65% book, but there's a reason. Not managed well, big exposure to international markets, biggest exposure to Russia, tepid loan growth. Doesn't see a catalyst. He owns BAC, JPM, and MS.
SELL
A value trap! After earnings season, he will sell this and use this as a source of funds to buy another stock(s), perhaps financial.
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