Can Citigroup (C) Trade At A Discount After A 238% Run?

Citigroup has delivered a powerful share price run in recent years, which puts fresh attention on whether that move lines up with the returns the bank actually earns on its capital. With the stock now trading at US$128.08, the key issue is how much of that performance reflects durable value creation inside the business versus changing expectations around it. Over the past 3 years the stock has returned about 238.1%. This raises the question of whether the gains are backed by sustainably...