Citi Holdings is the subsidiary holding the assets that Citigroup has placed in runoff mode, as part of CEO Vikram Pandit's long-term "good bank/bad bank" strategy to right-size the company's balance sheet. Konrad said it was "understandable for investors to want to take gains in stocks given uncertainty this fall with elections, fiscal cliff, and European economy," but Konrad sees greater upside for Citigroup, as QE3 -- the Federal Reserve's increase of its purchasing of long-term mortgage-backed securities by $40 billion a month to roughly $85 billion a month, in an effort to continue pushing down long-term rates "may only enhance the ability to sell assets with Fed providing liquidity and pushing down yields and attempting to increase investors' appetite to move up the risk curve." Citigroup's long-term shareholders are eager to see the company begin deploying excess capital. Following the Federal Reserve's annual round of large-bank stress tests during the first quarter of 2013, Konrad expects the company to be approved to raise its quarterly dividend from a penny a share to 25 cents, and also to buy back "approximately $4.5 billion" worth of common shares. C data by YCharts Interested in more on Citigroup? See TheStreet Ratings' report card for this stock.