Warren Buffett sheds C shares. Let us assess whether to follow Buffett or hold on to your investment for generating robust returns over time.
Berkshire disclosed the trades in a regulatory filing detailing its US-listed stock holdings as of March 31.
Berkshire Hathaway Inc. slashed its exposure to big-bank shares in the first quarter.
Citigroup (C) reported earnings 30 days ago. What's next for the stock?
C agrees to sell Citi Global Alternatives to iCapital. The move aligns with the former efforts to simplify its business operations.
The Investment Committee give you their top stocks to watch for in the second half.
Citigroup (C) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Citigroup CEO Jane Fraser said Monday that most of the Wall Street bank's business clients believe they can cope with U.S. tariffs of up to 10% on foreign countries, including China, but that levies any higher would make things difficult.
C's business restructuring efforts and focus on core operations are encouraging. Read on to know whether it is the right time to buy the stock.
Citigroup (C) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Citigroup has undergone significant restructuring, focusing on profitable segments, resulting in impressive financial performance and a strong Q1, despite recent share price declines. Citigroup trades at a steep discount to its peers, with a low earnings multiple and a 39.12% discount to book value, presenting a strong value play. The bank's robust capital allocation, including a 3.54% dividend yield and a $20 billion share buyback program enhances shareholder value.
Citigroup's shares are undervalued at ~0.7x tangible book value, making buybacks highly attractive, especially with a projected RoTCE of 10%-11% by 2026. Citi's ability to execute buybacks is constrained by its CET1 ratio, but potential reductions in the SCB could unlock significant capital for buybacks. Long-term capital ratio targets may decrease to 11.5%-12%, driven by asset shedding, regulatory changes, and strategic pivots to stable businesses.