2023-06-09 05:25:00 ET
Like bargain stocks? There are certainly plenty of them out there now. That's particularly true among banking names. Between general economic malaise and a souring lending environment, investors are anything but stoked about owning finance sector tickers.
There's one bank stock, however, that's strangely far out of favor -- Citigroup (NYSE: C) . Its price-to-earnings and price-to-book ratios are about as low as they've been in years.
Veteran investors know there's usually a reason a stock is uniquely cheap -- it's often a sign of big problems. And there's no denying Citigroup's got 'em. On the other hand, the sellers are arguably overshooting their target at a time when Citi's nearing a turnaround.
For further details see:
This Bargain Stock Is the Cheapest It's Been in Years