Citigroup: Whales Are Loading Up
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Summary
- Many huge value investing whales, including Warren Buffett, are loading up on Citigroup stock.
- CEO Fraser’s strategy to sell its retail operations and focus on wealth management overseas appears to be promising for the bank’s future.
- The stock is trading far below the average multiples of its competitors and has an attractive dividend.
Citigroup Inc. (NYSE:C) stock is being bought by many value investing whales, even including Warren Buffett. Although the bank has historically been at the bottom of the Big Four, Citigroup has the most attractive valuation multiples
Data by YCharts
Citi Improving its Business Mix (Investor Day Presentation)
Exposure to Russia (First Quarter Earnings)
Relative Valuation of Citigroup
Source: seekingalpha.com
