2024-07-08 11:51:44 ET
Summary
- Citigroup Inc. is set to release its second-quarter earnings report on July 12.
- The bank's stock has shown moderate gains since our latest coverage.
- Critical talking points suggest Citigroup might deliver a robust second-quarter earnings report.
- My residual income valuation model deems the stock undervalued.
- Although I identified numerous risk factors, I believe Citigroup is a solid cyclical value opportunity.
Citigroup Inc. ( C ) is scheduled to release its second-quarter earnings report this Friday, July 12. As such, I decided to revisit my opinion of the stock, especially given the volatility baked into the banking industry....
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Citigroup Q2 Earnings Preview: Extended Gains Seem Possible