Citigroup is cheap, with a low 2022 P/E vs. peers.
Many of the comparisons with peers look good for Citi: Capital and efficiency score well vs. Bank of America, for example.
The P/E discount is due to a lack of revenue growth.
Citi's new CEO, due in February 2021, takes over a capital rich business with strong operating margins.
The search for growth will define her time in the role and drive the market's valuation of the stock.
Citigroup (C) will have a new CEO in February next year, when Jane Fraser will take over from Mike Corbat. This is a good time to take a look at the bank. The