Monday, June 27, 2016

Citigroup: Look For Capital Return Catalyst

Citigroup passes the 2016 stress test with flying colors.
The bank stock took a huge hit due to Brexit.
The bank is perfectly aligned to announce a big capital return increase as the stock hits recent lows.
Despite strong CCAR results, Citigroup (NYSE:C) ended down over 9% and is trading near recent lows around $40 due to Brexit. In essence, the bank is doing what it can but external events continue hammering the stock whether justified or not.
Read the full article on Seeking Alpha. 

Disclosure: Long C



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