Billionaire investors Druckenmiller and Buffett buying into Citigroup at discount, promising positive changes.

From Nasdaq: 2025-01-11 12:05:00

Billionaire investors like Stanley Druckenmiller and Warren Buffett are making moves in the stock market, including buying into Citigroup. Citigroup is trading at a discount, around 82% of its tangible book value, due to past struggles but has been making positive changes under new leadership. The bank has divested international franchises and is focusing on higher-returning businesses. Analysts are optimistic about earnings improvement and the bank also offers a 3% dividend yield. Investors should consider potential growth opportunities in Citigroup as the environment for banking improves.



Read more at Nasdaq: Billionaire Stanley Druckenmiller Is Piling Into a High-Yield Dividend Stock Trading for $0.82 on the Dollar — and Warren Buffett Owns It, Too