Jim Cramer on Citigroup: "It's Gone From Ugly Duckling to Beautiful Swan"

Citigroup Inc. (NYSE:C) is one of the stocks on Jim Cramer’s game plan for this week. Cramer explained why the stock “keeps surprising the upside,” as he said:

“Wednesday also brings more bank earnings. The star most likely will be the one that’s been the star for a while now, Citigroup. It’s gone from ugly duckling to beautiful swan, but the analysts haven’t caught up with the new numbers yet. So it just keeps surprising the upside. We get the upside estimate revisions, and then the stock flies.”

Citigroup Inc. (NYSE:C) provides financial products and services across banking, markets, and wealth management. Cramer highlighted the company’s low valuation during the January 5 episode, as he remarked:

“Or how about Citi, which was up huge in the last year, but still only sells for 12 times this year’s earnings estimates. I think Citi will exceed those estimates, continue its resurrection from the dead. The stock opened just a little bit higher, so if you bought it here, you would have made, had a decent shot at making money as Citi finished up almost 4% as well.”

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