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Chloe2021
2021-03-01

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Citi stock jumps nearly 4% as Wells Fargo makes case for higher valuation

Citigroup stock advances nearly 4% in early trading as Jane Fraser takes over as the bank's CEO even

Citi stock jumps nearly 4% as Wells Fargo makes case for higher valuation

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti stock jumps nearly 4% as Wells Fargo makes case for higher valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 23:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3667608-citi-stock-jumps-42-as-wells-fargo-makes-case-for-higher-valuation><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citigroup stock advances nearly 4% in early trading as Jane Fraser takes over as the bank's CEO even as she faces challengesin gaining regulators' confidence.Wells Fargo analyst Mike Mayo considers ...</p>\n\n<a href=\"https://seekingalpha.com/news/3667608-citi-stock-jumps-42-as-wells-fargo-makes-case-for-higher-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗"},"source_url":"https://seekingalpha.com/news/3667608-citi-stock-jumps-42-as-wells-fargo-makes-case-for-higher-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1108903671","content_text":"Citigroup stock advances nearly 4% in early trading as Jane Fraser takes over as the bank's CEO even as she faces challengesin gaining regulators' confidence.Wells Fargo analyst Mike Mayo considers Citi's parts areworth morethan its whole, according to a Barron's report on Saturday.In his analysis of the bank's divisions, Citi could trade at 1.5x tangible book value, or $111 per share, \"reflecting significant hidden value and trapped capital,\" Mayo said.By comparison, Citi closed at $65.88 on Friday.Recapping on Citi's regulatory challenges, in 2012 and 2013, the Office of the Comptroller of the Currency and the Federal Reserve had hit the bank with a consent order for Bank Secrecy Act violations and weaknesses in anti-money-laundering compliance. 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