What’s Good for Citigroup is Great for Real Estate Too

When the Federal Reserve recently released the results of its stress tests of the financial sector, namely the major money center banks like Citigroup (NYSE: C), we got some fantastic news. All of the major money lenders passed the first round of the stress test with flying colors, and all got through the second round with permission to move ahead with their capital plans. The news was especially wonderful for Citigroup (NYSE: C), which was coming off its prior year failure. The stock is valued at a discount to even its weakest peers, and has upside to gain. But what many are missing here is that this is absolutely fantastic news for the real estate sector as well as for Citi. See my full report here.

Banking Peers	Tangible Book Value	Price-to-TB	Implied Value of C	Implied Gain to Peer Value
Citigroup (NYSE: C)	56.83	0.9X
Bank of America (NYSE: BAC)	14.43	1.1X	62.51	+10%
J.P. Morgan Chase (NYSE: JPM)	44.69	1.4X	79.56
Wells Fargo (NYSE: WFC)	30.81	1.8X	102.29
Morgan Stanley (NYSE: MS)	27.41	1.3X	73.88
Goldman Sachs (NYSE: GS)	153.79	1.25X	71.04
U.S. Bancorp (NYSE: USB)	17.38	2.6X	147.76
AVERAGE			$89.51	+58%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.