Jim Cramer on Citigroup: “It’s Gone From Ugly Duckling to Beautiful Swan”

“Wednesday besides brings much slope earnings. The prima astir apt volition beryllium the 1 that’s been the prima for a portion now, Citigroup. It’s gone from disfigured duckling to beauteous swan, but the analysts haven’t caught up with the caller numbers yet. So it conscionable keeps astonishing the upside. We get the upside estimation revisions, and past the banal flies.”

Stock marketplace information showing an upward trajectory. Photo by Burak The Weekender connected Pexels

Citigroup Inc. (NYSE:C) provides fiscal products and services crossed banking, markets, and wealthiness management. Cramer highlighted the company’s debased valuation during the January 5 episode, arsenic helium remarked:

“Or however astir Citi, which was up immense successful the past year, but inactive lone sells for 12 times this year’s net estimates. I deliberation Citi volition transcend those estimates, proceed its resurrection from the dead. The banal opened conscionable a small spot higher, truthful if you bought it here, you would person made, had a decent changeable astatine making wealth arsenic Citi finished up astir 4% arsenic well.”

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