How Citigroup Can Keep away from One other False Daybreak

There are few extra harmful phrases in finance than “this time is completely different.” However for Citigroup, maybe it’s safer to say that on the very least, “this time shouldn’t be fairly the identical.”

Over the previous three months, Citigroup shares have led the way in which among the many large six U.S. international banks, rising greater than 30% in that point. However the financial institution’s inventory has trapped bargain-hunting traders earlier than. Again in 2019, its shares soundly outperformed friends together with JPMorgan Chase, with a greater than 50% rise.