Citigroup Inc. (C): Why This Mega-cap Stock Could Continue Surging Post 52-week Highs

We recently compiled a list of the 10 Mega-Cap Stocks That Could Continue Surging Post 52-Week Highs. In this article, we are going to take a look at where Citigroup Inc. (NYSE:C) stands against the other mega-cap stocks.

The US stock markets have gone up leading up to the day of President Donald Trump’s inauguration. All the major indices are set to continue their optimism from last week, when the Dow, the S&P, and the Nasdaq all reported gains of over 3.7%.

Even though the S&P had hardly moved from its early November levels when the election happened, many mega-cap stocks continue to register 52-week highs. We looked at some of these stocks and why they are expected to continue surging up with the earnings season already underway.

To come up with our list of 10 mega-cap stocks that could continue surging post 52-week highs, we only considered stocks that have recently hit their 52-week highs and have a market cap of at least $150 billion.

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Citigroup Inc. (NYSE:C)

Citigroup Inc. is a worldwide financial and banking services provider to institutions, governments, consumers, and corporations. It operates through markets, wealth, U.S. personal banking, and other segments. The company’s shares have just reached a 52-week high boosting investors’ confidence.

The company’s Q4 report showed a 12% rise in revenue, making it one of the strongest quarters in a decade. The company wants to buy back shares worth $1.5 billion in the 1st quarter of 2025, which should add further value to the stock. It shows the company is confident in its financial position, which should also help it in its aim of becoming one of the world’s top investment banks.

After the price surge, the valuation gap is reduced from 0.4 tangible book value to 0.8 reaching a more reasonable level. The overall performance of the company was quite good as its stock had already gained over 50% in the past year. With a continuous upward trend in the stock performance, it continues to attract investors’ attention.

Overall C ranks 10th on our list of the mega-cap stocks that could continue surging post 52-week highs. While we acknowledge the potential of C as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as C but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.