C - Citigroup: Mediocre Fundamentals But Relatively Cheap

2024-03-27 08:41:04 ET

Summary

• Net interest margin is solid; however, the net charge-off ratio is the worst among the big four.
• The overhead expenses at the bank could be better managed.
• The return on assets and return on equity metrics lag their competitors.
• Despite mediocre fundamentals, the valuation still suggests a 12.7% annual return over the next five years.

Investment Thesis

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