Getting back to Citigroup, Cannon expects the company's tangible book value per share to hit $65 during 2015, so if the shares trade up to tangible book value, you're looking at upside.
Citigroup expects to deploy much more excess capital as Citi Holdings continues to shrink. KBW estimates that following the next round of Federal Reserve stress tests in March, the company will announce plans to repurchase up to $7.686 billion in common shares through the first quarter of 2015.
Citi's shares were up over 1% in premarket trading to $51.68.
The following chart shows the year-to-date stock performance for Citigroup, as well as the KBW Bank Index (I:BKX) and the S&P 500
C data by YCharts
-- Written by Philip van Doorn in Jupiter, Fla.