- "Nearly all prior issues that kept us on the sidelines have been addressed and new more recent concerns seem largely reflected in shares and sentiment," says Evercore's Andrew Marquardt, upping Citigroup (C +0.1%) to a Buy with $58 price target.
- Allowing the possibility of a "challenging" operating environment in 2014, Marquardt's view is that of an upward bias to the economic recovery which should boost the money center banks, particularly Citi.
- He's not the first to notice - Citigroup remains the only TBTF still trading below book value and at just 8.5x normalized EPS.
- Previous: BAML makes a similar case
From other sites
Video at CNBC.com (Jul 21, 2015)
Video at CNBC.com (Jul 13, 2015)
at CNBC.com (Jun 9, 2015)
at CNBC.com (Jun 8, 2015)
Video at CNBC.com (Jun 4, 2015)
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