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Posted by
Two Blokes May 22 -
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Stock
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I upgrade Citigroup to a buy as technicals are net bullish and the turnaround appears to be underway, despite some consolidation risk. Q1 earnings were impressive, with EPS growth at multiyear highs and ROTCE showing significant year-over-year improvement, signaling a recovery. Citi trades at a 41% P/B discount to sector peers, indicating undervaluation, given the improving fundamentals and inflection point for the business.
