Leon Cooperman buys the dip in Citigroup

|About: Citigroup Inc. (C)|By:, SA News Editor

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