C - Citigroup: Riding The Wave And Undervalued

2024-03-27 20:52:30 ET

Summary

• Citigroup Inc.'s stock has performed well over the past year, increasing by more than 35%.
• Citigroup's supply of funds is improving amid an increase in stable short-term deposits and a lower yield curve.
• We think the bank's asset base is robust, and its consumer and corporate loan books contain significant potential.
• A residual income valuation model deems Citigroup stock undervalued while historical data communicates dividend sustainability.

Citigroup Inc.'s ( C ) stock has enjoyed a scintillating twelve months, much to the relief of those who endured the 'false-hope' stages in late 2021 and 2022....

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