Before the open on Friday, Citigroup (NYSE:C) reported another quarter of not only beating analyst estimates, but also smashing the negative sentiment on the stock. The quarterly results weren't all that impressive compared to previous periods, but the investment thesis remains that consistently positive results are good enough for this bank stock.
On the back of the news, Citigroup is still trading below the strong resistance around $54 despite constant growth in the crucial tangible book value metric and large capital returns. The question now is whether the stock finally breaks out or provides investors another opportunity to buy the dip.
