{
  "id": 18510481,
  "title": "Forget pricey JPMorgan: Is this turnaround bank the better rebound bet?",
  "url": "https://urgent.news/2026/11/06/forget-pricey-jpmorgan-is-this-turnaround-bank-the-better-rebound-bet",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T14:09:43.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/forget-pricey-jpmorgan-is-this-turnaround-bank-the-better-rebound-bet-5007937"
  },
  "original_language": "en",
  "account": "Investors are comparing banks with the Federal Reserve holding off on rate cuts until June 2027. Citigroup (C) has gained 29.6% over the period and trades at 11.4 times earnings, lower than JPMorgan Chase (JPM) at 14 times and Bank of America (BAC). Citigroup's latest quarter showed earnings per share of $2.85, beating estimates by 7.5%, revenue rising 8% with the strongest revenue growth in a decade, and return on tangible common equity reaching 11.5%, a 180 basis point increase. Management has raised its full-year ROTCE target to above 11%, with most growth from key units. The efficiency ratio improved to 58.5% from 64.7%, and $1 billion of severance was booked this year. However, consumer card revenue remained flat, and shares fell 3.48% premarket trading. Citigroup's forward multiple is below 10 times, with a PEG ratio of 0.26 compared to Bank of America's 0.75. The stock is at approximately 1.2 times tangible book value, and the company has repurchased $13.3 billion of stock and raised its dividend for four straight years. Analyst price targets range, with a median at $150.71. The bank's valuation relies on tangible book value, progress on simplification costs, and growth in its corporate Services business. ProPicks AI, an AI-driven stock-picking service, added Citigroup to its Beat the S&P 500 strategy for November, alongside a high-margin biopharma company and a jet-turbine maker. Citigroup's turnaround is showing promise with climbing returns, and the shares trade near 11 times earnings while management targets ROTCE of 11% to 13% in 2027 and 2028. A $30 billion buyback program and a potential Banamex IPO could provide more capital for repurchases.",
  "summary": null,
  "key_points": [
    "Citigroup outperformed JPMorgan with 29.6% gain, lower valuation at 11.4x earnings",
    "Bank posted 8% revenue growth, 11.5% return on tangible common equity",
    "Analyst price target median at $150.71, shares near 11x earnings"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}