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Thursday, March 11, 2021 8:46:23 AM
By: 24/7 Wall St. | March 11, 2021
Citigroup
Shares of this top bank have rallied well off the lows and look poised to move higher in the rest of 2021. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations, governments a broad range of financial products and services.
Citigroup offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. It operates and does business in more than 160 countries and jurisdictions.
Trading at a still very cheap 9.9 times estimated 2021 earnings, Citigroup stock looks very reasonable in what remains a volatile stock market and in a sector that has lagged dramatically until recently.
Investors in Citigroup stock receive a 2.77% dividend. BofA Securities has a $100 price target, while the posted consensus target is lower at $65.72. The shares popped almost 4% on Wednesday to close at $73.75.
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