How Citigroup Can Avoid Another False Dawn

There are few extra harmful phrases in finance than “this time is different.” But for Citigroup, maybe it’s safer to say that on the very least, “this time is not quite the same.”

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