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Citigroup Inc.

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Shares of Citigroup outperformed the industry over the last six months. This price performance is backed by impressive earnings surprise history. The company has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. We believe that the company’s restructuring and streamlining efforts, strategic investments in core business and expense management, will likely support profitability, going forward. The Fed's approval to the company's 2017 capital plan also remains encouraging. However, several issues including litigation burden keep us apprehensive. Moreover, in spite of rising rates, margin is under pressure, due to persistent decline in the company’s legacy holdings portfolio.

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