At a recent $48 a share, banking behemoth Citigroup looks fairly valued compared with its peers. Citi trades at 14 times trailing earnings, a multiple not far from the average for big banks. In another measure, the ratio of price to tangible book value (shareholders' equity minus intangibles like goodwill), Citi is close to typical at 3.6. Great—but these metrics reflect Citi's financials on a sunny day.
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