Citigroup: Sell Your Other Assets To Buy This Stock
Citigroup easily beat lowered analyst estimates during the dismal quarter for banks.
The large bank grew TBV by nearly $2 sequentially. .
The market is too obsessed with short-term growth and missing the growing value of the bank.
The sign of a solid business is one that generates value for shareholders even during a weak period in the business. The Q1 results for Citigroup (NYSE:C) were highly disappointing, but it doesn't mean that value wasn't derived for shareholders.