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Thursday, April 08, 2021 1:08:35 PM
By: Mark Vickery | April 7, 2021
Citigroup’s shares have gained +61.4% over the last six months against the Zacks Major Regional Banks industry’s gain of +51.4%. The Zacks analyst believes that Citigroup’s streamlining efforts, along with strategic investments in core business, bode well.
Also, net interest revenues will likely be supported by loan growth and mix, despite the low interest-rate environment. Further, a manageable debt level makes Citigroup less likely to default interest and debt repayment obligations in case of any economic downturn.
However, pending litigation issues might keep legal expenses elevated for the company. Additionally, a subdued consumer banking business might dent Citigroup's fee income base to some extent.
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