5 Cheap Bank Stocks To Buy

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1. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 85

P/E Ratio as of January 19: 6.91

Citigroup Inc. (NYSE:C) is a diversified financial services holding company. It is based in New York.

Ebrahim Poonawala at BofA holds a Buy rating on Citigroup Inc. (NYSE:C) shares as of January 17.

Citigroup Inc. (NYSE:C) fell by 23% in 2022 to $46.54. The stock was trading at 0.5x its book value by the end of the year, making it the cheapest of the big bank stocks on the market. At the same time, analysts continue to hold higher price targets on Citigroup Inc. (NYSE:C), with BofA having a $60 price target on the stock as of January 17. This presents an opportunity now to buy the stock at a discount.

Citigroup Inc. (NYSE:C) was found among the 13F holdings of 85 hedge funds in the third quarter of 2022. Their total stake value was $7.1 billion.

Follow Citigroup Inc (NYSE:C)

See also Top 25 Regional Banks Stocks and 9 Best European Bank Stocks To Invest In

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