Monday, June 5, 2017

Citigroup: Expect Another Big Dividend Hike To Move Stock

Citigroup has recently held up better than other large financials.
A big dividend hike at the last CCAR was a catalyst for the stock.
The large financial appears best positioned to hike the capital return this year, providing a catalyst for the cheap stock.
Despite obvious value and still trading below book value, Citigroup (NYSE:C) has struggled to move beyond $62. The large financial hasn't been hit by the general weakness in the sector, though one shouldn't see that as reason for the stock to not rally.
Read the full article on Seeking Alpha. 

Disclosure: Long C. Please review the disclaimer page for more details. 


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