Shares of big bank stock Citigroup Inc (NYSE:C) are down 16.6% year-to-date and 27% overall in the past year. Given the bank's relatively solid first-quarter earnings report last week, one Citigroup analyst said Sunday that the negative investor sentiment surrounding Citigroup may have finally peaked.
The Analyst: Bank of America analyst Ebrahim Poonawala reiterated his Buy rating and $60 price target for Citigroup.
