Jim Cramer Says CEO Jane Fraser "Rescued" Citi from "Obscurity"

Citigroup Inc. (NYSE:C) is one of the stocks Jim Cramer recently discussed. Cramer mentioned the company during the episode and said:

“It’s not the only bank that’s making a ferocious move. Citigroup, for example, which had been in the doldrums for so so long, just crossed the $100 mark… A 43% rally for the Citigroup stock. That’s a remarkable move in itself…

Now, kudos to Mike Mayo, the uber-bullish bank analyst at Wells Fargo, who has a terrific piece out just today entitled ‘Goliath is winning.’ He upped his price targets for all these banks, making it very clear that the capital markets are really getting hot with some terrific tailwinds like Trump deregulation, even credit quality, which has been remarkably good during this period. His favorite has been Citigroup, which CEO Jane Fraser has rescued from obscurity. Great call.”

Citigroup Inc. (NYSE:C) is a global financial services firm that provides banking, lending, investment, trading, and wealth management solutions for consumers, corporations, governments, and institutions.

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