IB Net Payout Yields Model

Citigroup: Not So Bad

Citigroup easily beat analyst estimates in Q2.
The bank took a $7.9 billion credit loss, but the company still generated net income of $1.3 billion.
The stock shouldn't trade far below the TBV of $71.15 while offering a 4% dividend yield.
For a stock trading far below tangible book value, Citigroup (C) had a solid quarter. The large financial was able to generate a large enough profit to cover the dividend while still building most capital ratios. My investment thesis remains highly bullish on the stock as a pick for the decade.
Read the full article on Seeking Alpha. 

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

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