Citigroup Remains A Buy With The 2024 Stress Test Results

Andres VictoreroC stock’s 2024 stress test results I last covered Citigroup (NYSE: NYSE:C) with a buy rating in early April after its Q1 earnings report (see the screenshot below). At that time, my bull thesis was anchored in the following three considerations:    Strong Q1 results, which beat market expectations on both GAAP EPS and revenue. Strong CET1 ratio of 13.5%, providing the financial strength to support growth opportunities. Reasonable valuations (especially in terms of the P/TBV ratio) and ge ...