Citigroup: Accepting a Non-Cash Russia Exit Loss for a Cleaner Risk Profile and Modest Capital Uplift Supports Buy Rating
I'm PortAI, I can summarize articles.
J.P. Morgan analyst Vivek Juneja maintains a Buy rating on Citigroup, citing the bank's restructuring of its Russia exposure and positive capital implications. Despite a significant accounting loss from selling its Russian operations, this reflects past currency movements rather than a hit to earnings. The sale reduces operational risk and slightly improves Citi's core Tier 1 capital ratio. Juneja believes this trade-off supports a positive outlook for the stock. Piper Sandler also reiterated a Buy rating with a $120 price target.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments