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The Way To View Citigroup Right Now


- Citigroup's stock price dipped by ~2% after the bank reported mixed Q2 2018 financial results.

- Citigroup's potential to return capital to shareholders is enough to warrant a hold while the bank's story plays out.

- I am staying long Citigroup, are you?

On July 13, 2018, Citigroup ($C) reported Q2 2018 financial results that beat on the bottom-line but that missed the top-line estimates. The market was not impressed, as shown by the fact that C shares finished the trading day down over 2%, which brought the YTD performance to approximately -10%.

The U.S. banks in general have not performed well in the market over the last few months but Citigroup's stock has continued to lag even its closest competitors. However, I believe that Citigroup's capital return story will buy Mr. Mike Corbat, CEO, time to show the financial community that this once great bank is again worthy of investment dollars.

Read more here.

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