The shares trade for 0.8 times their reported Dec. 31 tangible book value of $51.19, and for 9.3 times the consensus 2013 EPS estimate of $4.60. The consensus 2014 EPS estimate is $5.19.

Citigroup's drastic fourth-quarter actions to reduce expenses through the reduction of 11,000 staff positions and the closing of 84 branches, underline Oppenheimer analyst Chris Kotowski's comments late on Wednesday that with credit stabilizing, large banks can now " focus on optimizing returns."

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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