3. Citigroup Shares Citigroup ( C) closed at $28.77 Friday, declining 39% year-to-date, adjusting for the 1-for-10 reverse split on May 6. Based on the mean price target of $42.39 among analysts polled by FactSet, the shares have 47% upside potential. CEO Vikram Pandit on Dec. 6 that the company was planning layoffs of 4,500 employees and would take a related $400 million charge during the fourth quarter. Pandit also warned that if the fourth quarter had ended on Dec. 5, the company would have booked a $200 million charge on credit spreads and a $300 million hedging loss, according to an SNL Financial report. On Nov. 29, U.S. District Judge Jed S. Rakoff in Manhattan rejected the company's agreement to settle securities fraud charges with the Securities and Exchange commission for $285 million, while neither admitting or denying guilt. The judge said that the agreement was "neither reasonable, nor fair, nor adequate, nor in the public interest." Please see TheStreet's full coverage of Citigroup's third-quarter results , including international revenue growth and the progress of Pandit's good bank/bad bank strategy of winding down non-core assets. Atlantic Equities analyst Richard Staite has an "Overweight" or "Buy" rating on Citi, with a $52 price target, saying on Dec. 7 that the company "still aims to return capital to shareholders in 2012 even after taking account of the severe stress test that will be imposed by the Fed.," which he sees as "an important positive catalyst for Citigroup." Staite added that the stress test results "should show Citi in a strong position relative to BAC and JP Morgan." The shares trade for 6.4 times the consensus 2012 EPS estimate of $4.35 among analysts polled by FactSet, and for 0.6 times tangible book value, according to SNL Financial. Out of 22 analysts covering Citigroup, 15 rate the shares a buy, five have neutral ratings, and two recommend selling the shares. Interested in more on Citi? See TheStreet Ratings' report card for this stock.