How Citigroup Stock Got Out of the Discount Bin

Following a 70% return in 2025, shares of the global banking behemoth finished the year trading solidly above book value, at about 1.1 times, and over 1.2 times tangible book value. Not since 2008 has Citigroup’s stock entered a year trading at such a premium to book, according to FactSet data. How Citi rehabilitated its stock price and what the bank led by Jane Fraser could do next to keep up the winning streak: