There has been a revolving door of CEOs, but Jane Fraser has seemed to catch investors' attention finally.
As the bank shed unprofitable businesses and focused on generating revenue growth, the stock has not underperformed over the last 10 months.
Additionally, I am quite comfortable as an investor buying into a bank that is trading at 7 times forward earnings.
Options on Citigroup are not very expensive, so my preference is to capture the potential upside by using a simple call option.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
Jane Fraser, selloff
Organizations:
Citigroup, Citi