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.