Citigroup: Bullish Trends For A Cheap Stock
Summary Citigroup announced two positive deals this week. The news sets the company up for a strong capital return plan in 2015. Stock remains cheap trading below tangible book value. For a very maligned stock, Citigroup (NYSE: C ) is starting to generate a bullish trend. Just this week, the large financial institution announced the selling of subprime lender OneMain Financial Holdings and the signing of a co-branded credit card deal with Costco (NASDAQ: COST ) . The stock remains stuck in a channel for the last two years between $45 and $55. Will this combination of bullish events finally push the stock higher? Read the full article at Seeking Alpha. Disclosure: Long C. Please review the disclaimer page for more details.