Louis Navellier is rating this stock an “A” – Get In Now!

On May 24, the man who found “the stock of the century” will reveal one of his top stocks for 2022 – for FREE – in a special presentation.

Tue, May 24 at 4:00PM ET

4 Reasons to Add Citigroup Inc Stock (C) to Your Portfolio Now

Since Donald Trump’s victory, banking stocks have been on a rally. Expectations of lesser regulations and an improving interest-rate environment along with the strengthening of domestic economy have created further optimism.

4 Reasons to Add Citigroup Inc Stock (C) to Your Portfolio NowOne of the stocks displaying healthy prospects is Citigroup Inc (NYSE:C).

Its diverse business model, solid capital position and strategic investments make it a good investment option now. Also, based on its strong fundamentals, we believe Citigroup has plenty of upside potential.

Citigroup’s shares returned 39.8% over the last year, compared with 38.6% gain recorded by the Banks – Major Regional industry. Thus, Citigroup carries a Zacks Rank #2 (Buy).

Here is Why Citigroup Stock Seems Worth Buying:

Earnings Per Share Growth: Over the past three to five years, Citigroup witnessed earnings per share (EPS) growth of 9.35%. Notably, the company also recorded an average positive earnings surprise of 7.74%, over the trailing four quarters.

Also, the projected EPS growth of Citigroup for one year is 9.40% which compares favorably with the industry average growth of 8.56%.

Growth in Core Business: Citigroup has been taken steps for growth by reducing expenses and streamlining its operations. The company has been lowering its branches, improving digital channels and also making investments in several areas in order to improve efficiency and profits.

Impressive Capital Deployment: The company declared a solid hike of 68.8% in its common stock dividend in Jul 2016. Also, it has a share repurchase program in place. These activities reflect its capital strength and commitment towards rewarding the shareholders.

C Stock Seems Undervalued: Citigroup has a P/B ratio of 0.78x compared with the broader industry’s average of 1.37x. Based on this ratio, the stock seems undervalued. Also, the company has a Value Score B, which makes it a good pick for value investors.

Other Financial Stocks Worth a Look

Some other stocks worth considering in this space include KB Financial Group, Inc. (ADR) (NYSE:KB), Two River Bancorp (NASDAQ:TRCB) and DBS Group Holdings Ltd. (ADR) (OTCMKTS:DBSDY). All these stocks sport a Zacks Rank #1 (Strong Buy).

You can see the complete list of today’s Zacks #1 Rank stocks here..

KB Financial witnessed an upward earnings estimate revision of 2.9% for the current year in the past 60 days. Also, its share price surged 59.7% in the last one year.

Two River Bancorp’s earnings estimates have been revised upward by 5.6% for the current year, in the past 60 days. Further, in the last one year, its share price gained 95.4%.

DBS Group witnessed a 4.0% upward earnings estimate revision over the last 30 days. Its shares increased 18.4%, over the last year.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple Inc. (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don’t buy now, you may kick yourself in 2020. Click here for the 6 trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Citigroup Inc. (C): Free Stock Analysis Report

KB Financial Group Inc (KB): Free Stock Analysis Report

DBS Group Holdings Ltd (DBSDY): Free Stock Analysis Report

Two River Bancorp (TRCB): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

More From InvestorPlace

Article printed from InvestorPlace Media, https://investorplace.com/2017/03/4-reasons-to-add-citigroup-c-to-your-portfolio-now/.

©2022 InvestorPlace Media, LLC