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Benzinga
Benzinga
Business
Wayne Duggan

Why Bank Analyst Is Bullish On Citigroup Following CFO Meeting

Citigroup Citi Ebrahim Poonawala Mark Mason Bank of America Citigroup Inc NYSE

Citigroup Inc (NYSE:C) shares have lagged the S&P 500 and many of its banking peers so far in 2022, but Bank of America analyst Ebrahim Poonawala said Monday that a recent meeting with Citigroup CFO Mark Mason has him feeling extremely optimistic about the stock's outlook.

Poonawala said Citigroup has a large-scale, globally diversified business, and Citigroup management is well aware that it needs to earn and maintain investor credibility.

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