Ex Citibanker

Citigroup Downgrades Royal Bank to 'Sell'

If I applied the same "Logic" used by Citibank to assess RBC, to Citibank's own shares. Oh no, a 38X PE ratio (38X?), a multitude of losses; So using the same approach as used by Citi we should consider downgrading Citi's share price from US$27, to a target maybe of about US$6. And unlike RBC, Citi has lost significant market share, value, and looks increasingly like a ripe takeover target to bail it out of the mess it is in. I think that Citi should be very careful about downgrading what are much stronger and more secure banks to a "Sell". Bloody cheek!