Renowned investor Jim Cramer has voiced strong conviction in Citigroup, labeling the stock as undervalued and a compelling buy despite recent market pressure. He highlighted the bank's resilient earnings and strategic positioning as key catalysts.
- Citigroup's stock is trading at approximately $68, down 12% YTD.
- The company reported fourth-quarter net income of $2.3 billion, up 8% from the prior year.
- Non-interest income rose 14%, driven by strong performance in global banking and transaction services.
- Cramer noted a forward P/E ratio of just 8.7, well below the industry average of 12.5.
- Dividend yield stands at 4.7%, offering attractive income for investors.
Jim Cramer has emerged as a vocal advocate for Citigroup (C), calling the financial giant 'too cheap to ignore' amid a broader sector downturn. Speaking on his popular investment platform, Cramer emphasized that the stock’s current valuation fails to reflect the company’s underlying strength and long-term growth potential. The shares have declined nearly 12% year-to-date, trading near $68 per share, significantly below historical averages and consensus price targets.
This article is based on publicly available information and commentary, including statements made by public figures in the financial sector. No proprietary data or third-party sources were used.