Tuesday, June 27, 2017

Citigroup: No Stress Ahead

Citigroup passed the Fed stress test with flying colors.
The large financial should announce a massive increase to capital returns this week.
The stock remains cheap trading below tangible book value.
Since last discussing the expectations for capital returns and specifically a dividend hike at Citigroup (C), the CFO provided some further details on expectations and the Fed stress tests results were released. The data points pivot towards some big capital return plans.
Read the full article at Seeking Alpha. 

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


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