🔥 Citigroup: an investment opportunity worth your attention! 📈
Wells Fargoanalysts have named this bank as a "dominant choice" in the large financial institutions sector and predict that Citigroup $C stock could double in value within three years! 🚀
Under the leadership of CEO Jane Fraser the bank went through a year 2024 a major reorganisation. The move was aimed at reducing costs, simplifying bureaucracy and increasing efficiency. Part of this transformation includes the planned abolition of the 20 000 jobs by the year 2026. Fraser clearly shows that Citi has the ambition to become a more efficient and competitive player in the market. 🏦
✅ Key Factors:
Target Price: Wells Fargo raised its target price on Citistock to $110 from $95 and maintained the rating "Overweight".
Undervalued stock: Citi trades at a price-to-book ratio of 0.69, indicating significant undervaluation compared to peers such as JPMorgan Chase (2,08) or Bank of America (1,25). Even according to the fair price on Bulios, the bank is still undervalued!
Macroeconomic factors.
Year 2024 has been a strong year for Citigroup A transitional year for Citigroup, which brought major changes to the bank's structure and strategy. Going forward, key segments such as investment banking and wealth management are expected to play an even more important role. Fourth quarter results will be released in January and may provide further signals on whether the bank is moving in the right direction. 🕵️♂️
Citigroup is at a turning point that could mark the beginning of a new era of growth. For long-term investors looking for a significantly undervalued stock with great potential, the Citi could be an ideal choice. Shares of Citi I bought at 40$, so in addition to a nice dividend, I got a nice profit.
👉 How do you see it? Is Citigroup already in your portfolio, or are you just about to include it? How do you see the banking sector overall in 2025? 💬
This plan looks very good and if I don't already own shares of a bank, $C may be a good opportunity. However, I have $JPM stock in my portfolio and that's good enough for now.