Citigroup: A Strong Conviction Buy

Dec. 03, 2022 1:50 AM ETCitigroup Inc. (C)BAC, JPM, MS33 Comments
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IP Banking Research
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Summary

  • I expect Citi to materially outperform the market in the next 3 years.
  • It is valued currently at less than 0.6x tangible book value.
  • I am no longer trading Citi. This is a long-term buy for me.
  • Citi is on my conviction buy list.

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Citigroup (NYSE:C) is a conviction buy for me in the medium term. I have been following this ticker and trading it for the best part of a decade. The playbook in the past was to buy

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Independent banking research focuses on financials, deep value, special situations, and financial arbitrage. Agnostic and apolitical approach for scouring the earth for durable and uncorrelated cashflows that work well in both inflationary and deflationary settings.See my tipranks profile below:https://www.tipranks.com/bloggers/ip-banking-researchTo benefit from independent insights and quality analysis from a banking insider - subscribe as a "real-time" follower above.

Disclosure: I/we have a beneficial long position in the shares of C, JPM, BAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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