There are couple extra hazardous phrases in finance than “this time is distinctive.” However for Citigroup, almost certainly it’s safer to say that on the fairly the very least, “this time isn’t fairly the very same.”
In regards to the previous a number of months, Citigroup shares have led the best way amongst the numerous six U.S. world monetary establishments, rising extra than 30% in that point. However the financial institution’s stock has trapped lower price-looking consumers previous to. Again in 2019, its shares soundly outperformed buddies equivalent to JPMorgan Chase, with a additional than 50% enhance.
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