Just Keep Banking On Citigroup
- Citigroup reported strong Q4 and full-year 2018 results that were well-received by the market.
- The company is well-positioned for 2019 and beyond, as management still anticipates for the bank to achieve its 2020 financial targets.
- I am long this large financial institution and I plan to keep banking on Citigroup.
Citigroup ($C) recently reported strong Q4 and full-year 2018 results that were well-received by the market (the stock finished the trading day up ~4%). Looking back, however, C shares have significantly underperformed the broader market over the last year.
Citigroup appears to be an attractive long-term investment at today's price because, in my opinion, this bank is well-positioned for 2019 and beyond. More specifically, the bank's Q4 and full-year 2018 results (and management's commentary) support the thought that you should keep banking on Citigroup.
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