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Top Picks from Stan Wong (Citigroup, Visa & SPDR Euro Stoxx 50 ETF)

April 6, 2017

Citigroup is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers in over 160 countries. In the intermediate term, Citigroup shares look to benefit from rising interest rates and a lighter regulatory environment. Citigroup’s potential for large capital returns also makes the shares attractive. Indeed, the company recently announced (in November 2016) a $1.75-billion increase to its share buyback program. The company is recapitalized and appears refocused under new management. Citigroup’s recent co-branding deal with Costco (in the U.S.) has fared very well and should add to earnings results. Longer term, valuation looks compelling with a price-to-book ratio of 0.8x, a significant discount to its peer group.

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