References in periodicals archive ?
At 47, Citigroup shares trade at a significant 15 per cent discount to its book value, unlike its money-centre bank peers JPMorgan, Bank of America and Wells Fargo, who all trade at tangible book value multiples of 1.
As an investor, I view the latest Fed rejection of its capital plan as a strategic opportunity to accumulate America's cheapest money-centre bank shares, now that Bank of America is up almost 30 per cent since last summer.