Jim Cramer Discussed These 18 Stocks As Inflation Dropped

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6. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders In Q3 2024: 88

Citigroup Inc. (NYSE:C) is another major American bank that reported earnings on the day Cramer made his latest remarks. The shares soared by 6.5% after the bank’s $1.84 billion year-ago quarterly loss swung to a $2.86 billion profit. Citigroup Inc. (NYSE:C)’s $19.58 billion in revenue and $1.34 in earnings per share also beat analyst estimates of $19.49 billion and $1.22. As was the case with its peers, the bank’s investment banking business was the star of the show. During the fourth quarter, Citigroup Inc. (NYSE:C)’s investment banking business grew revenue by 35% to $925 million. Cramer’s comments for the bank surrounded Citigroup Inc. (NYSE:C) ratings by Wells Fargo’s Mike Mayo:

“Hey good for Mayo that he got Citi right. Mayo’s been talking that Citi game, it turned out he was right.

“[On Mayo making Citi his top pick] It was a good call. Wells is the game.”

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