5 months ago
[$$] Citigroup Shares Could Rise by 50%
After years of restructuring and repositioning, Citigroup last week laid out some ambitious financial targets at its first investor day since 2008, and Wall Street liked what it heard. Citigroup shares (C) finished the week up 2%, at $67, approaching their highest level since the financial crisis, when the then-troubled bank raised capital and massively diluted its shares. There could be more upside because Citi offers the combination of a low valuation and what could be the highest earnings growth rate among its peers in the years to come.