Citigroup (NYSE:C) stock has eased 5% from its highest point this year as investors position themselves ahead of its upcoming earnings release. The shares are still up 18% year to date and 64% over the past 12 months, with Josh Brown expecting the strong performance to continue.
Josh Brown Expects Citigroup Stock to Jump
In a statement last week, Josh Brown, the CEO of Ritholtz Wealth Management, said that Citigroup was one of the best stocks in the market this year. He cited that the company had spent 15 years engineering a turnaround and is starting to bear fruit.
He also cited to its strong international service business, which he believes is a crown jewel in its franchise. Citi has also sold some of its least profitable businesses and shed thousands of workers in the past few years.
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