Citigroup: The Reason To Stay Long

Citigroup (NYSE:C) has been a core holding in the R.I.P. portfolio for several years now, and I do not remember a time when I was more excited about this bank's prospects than I am at this moment. The Comprehensive Capital Analysis and Review ("CCAR") results are due out in the next few weeks and there are reasons to believe that we may soon be entering a rising rate environment but, more importantly, Citigroup's management team finally has it properly positioned to report earnings growth and create shareholder value.

C shares benefited from a change in sentiment, along with the other large financial institutions, when Mr. Donald J. Trump was elected president but the stock has leveled off since the initial jump.

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