Leon Cooperman buys the dip in Citigroup


Citigroup's (C +0.4%) stock is in the penalty box for its CCAR failure, but approval for boosted capital returns is surely coming next year, says Leon Cooperman, speaking at the Delivering Alpha conference (CEO Michael Corbat has all but said he will step down if his bank fails the stress test next year).

In the meantime, one can pick up the stock of this world-class franchise at one of the cheapest valuations in the cheaply-valued financial sector.

From yesterday: A great in-depth profile of "Alpha addict" Leon Cooperman

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Comments (1)
  • Dr Joseph Haluska
    , contributor
    Comments (499) | Send Message
     
    Monday's blowout earnings report is only the beginning of what lies ahead, IMO.
    This monster is goin to move. Love it or hate it, put your emotions aside and load up for the ride. No downside, we're all going to be shocked by what's going to happen here.
    16 Jul 2014, 09:49 PM Reply Like
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