Reported about 15 hours ago
Citigroup Inc. is gaining traction following its announcement of selling a 25% stake in Grupo Financiero Banamex for approximately $2.3 billion. Analysts have given the stock a consensus Buy rating, anticipating a growth of nearly 9.5% over the next year, while Jim Cramer predicts an even more optimistic 28% increase. Despite recent gains, Cramer emphasizes that Citigroup remains the cheapest among major banks with strong institutional backing.
Source: YAHOO