Reported about 15 hours ago
Jim Cramer recently discussed Citigroup Inc. as a standout stock in its sector despite its low valuation, currently trading at just 0.95 times its tangible book value. Cramer noted the bank's recent 7.1% dividend increase and its ongoing $20 billion stock repurchase program, indicating strong management under CEO Jane Fraser. However, he mentioned that Citigroup fails to gain investor trust, which is crucial for its recovery.
Source: YAHOO