Citigroup's shares have now returned 9% year-to-date, following a 44% decline during 2011.

The shares are trading for relatively low multiples of 0.6 times their reported June 30 tangible book value of $51.81, and for six times the consensus 2013 earnings estimate of $4.54, among analysts polled by Thomson Reuters. The consensus 2012 EPS estimate is $4.09.

Sterne Agee analyst Todd Hagerman rates Citigroup a "Buy," and said on July 16 after the company reported its second-quarter earnings that "although C's core operating performance will likely slow in the coming quarters, increasing capital flexibility, positive operating leverage, and a depressed valuation continue to offer a favorable risk/reward at current levels."

Hagerman's price target for Citi's shares is $33, and the analyst estimates the company will earn $3.92 a share for all of 2012, followed by 2013 EPS of $4.30.

Interested in more on Citigroup? See TheStreet Ratings' report card for this stock.


-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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