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C-CITIGROUP INC

Warren Buffett's Berkshire Hathaway Cuts Citigroup Stake by 74%, Signaling Caution in Banking Sector Amid Restructuring Efforts

Thursday

27 February, 2025

Warren Buffett's recent decision to cut Berkshire Hathaway's stake in Citigroup by 74% raises eyebrows about the banking sector's stability. With Citigroup undergoing significant restructuring and facing economic uncertainties, can the bank's strategic shifts lead to a turnaround despite these challenges?

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63
Key Takeaways
  • Citigroup is currently viewed as a promising investment despite recent difficulties in the market.
  • The bank has achieved a notable 42% increase in stock value over the last six months.
  • Earnings projections suggest a strong potential with estimates of $7.53 per share.
  • CEO Jane Fraser's restructuring plan aims for significant cost reductions and steady revenue growth.
  • The company's undervaluation relative to book value indicates possible future gains for investors.
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