Deals
The Curious Case of Citigroup’s Highly Recommended Lagging Stock
- The shares are a favorite among analysts who see new era ahead
- Bank is shuffling leaders and has gained an activist investor
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Investors haven’t exactly embraced Citigroup Inc. in 2018, leaving its stock behind competitors. But analysts have been falling in love.
Shares of the New York bank -- known for its vast overseas operations -- have stagnated this year on concerns it could get burned by a rout in emerging markets and a looming trade war. Yet a growing number of analysts are suggesting it’s primed for brighter days after building cash-management relationships with global companies and shaking up senior management.