CitigroupNYSE: C

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Darden Restaurants and Citigroup

he Investment Committee gives you their top stocks to watch for the second half.

Citigroup urged a judge to dismiss a lawsuit by a former managing director who accused the bank of firing her in retaliation for refusing to give regulators false information.

Citigroup Remains A Buy With The 2024 Stress Test Results

This year, all 31 banks, including JPMorgan, Goldman, Morgan Stanley, Citigroup and Fifth Third Bancorp, have cleared the stress test. The payouts are likely to be conservative due to lingering headwinds.

Citigroup's head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank. Cai's departure was announced internally on Tuesday (June 25) and a Citigroup spokesman confirmed the move Wednesday (June 26), Reuters reported Wednesday.

JPMorgan's stock (NYSE: JPM) has gained approximately 17% YTD, as compared to the 14% rise in the S&P500 over the same period. Notably, JPMorgan's peer Citigroup (NYSE: C) is up 20% YTD.

In the most recent trading session, Citigroup (C) closed at $61.58, indicating a +0.39% shift from the previous trading day.

Citigroup's performance metrics, such as ROTCE and tangible book value growth, vastly lag behind its peers. Therefore, its price to tangible book value remains low at 0.7x. Contrary to others, Citi has been the only major bank that has seen a decline in non-interest income over the last two Q1 results. However, their aggressive restructuring plan, which intends to divest from 14 markets and reduce headcount considerably, could potentially allow them to simplify their business and raise the price-to-TBV multiple.