Tomahawk, WI 11/26/2013 (BasicsMedia) –  Several Wall Street analysts were of the opinion that Citigroup Inc (NYSE:C) was one of the few stocks that had the chance of doubling in a year’s time. Some were convinced that this stock was able to triple in the next three years, which would b e a record of sorts for one of the largest banks in the U.S, bearing in mind that it had suffered a lot due to the financial crisis of 2009, and whose effects are still visible four years later. The question is whether this conviction was borne out of facts or was simply a result of being emotionally overtaken to make such declarations.

Those who believed that Citigroup Inc (NYSE:C) could grow by as 100% in the next one to two years, pointed at the company’s capital generation which enjoyed increased visibility perhaps more than anything else. Secondly, those of this opinion also pointed at the company’s increased efficiency in a number of areas as well as its operations, which seemed to be vibrant and in better health than they had been in the past. The new CEO, Michael Corbat, was also mentioned as one of the reasons for the improved performance as experienced by Citigroup thus far in 2013.

Citigroup has successfully managed to get out of the legal tribulations it had with regulators in 2013. Most large American banks have been in a lot of trouble with regulators, especially in the aftermath of the financial crisis of 2009. However, its tribulations were not as intense and of a similar size or nature to what the other major banks in the U.S had to face. Citigroup Inc (NYSE:C) has successfully managed to return any excess capital it held in its vaults to shareholders and other interested parties. Consequently, it will be able to unlock the same in the next few years.

Citigroup Inc (NYSE:C) is in a strong position financially. It continues to refocus on offering core banking businesses to its clients, and not the other services that led, at least in part, to the 2009 financial crisis. There is strong reason to believe that if Citigroup continues in the same path, then 2014 will be a much better year financially and for its investors than 2013 has been. Its businesses in Citi Holdings generated a loss amounting to $6.6 billion in 2012, which is expected to reduce to a mere $1.7 billion in 2013. By 2014, this loss will not exceed $1 billion.

For a bank that is the third largest in the U.S, a lot that has gone right for Citigroup Inc (NYSE:C), but this is not to say that it cannot aspire to achieve more. It operates in the same environment as the two other largest banks in the U.S assets, that is, Bank of America and JPMorgan Chase & Co, but from all indicators, it has done much better. Moreover, in the next few years, the bank could be the beneficiary of close to $10 billion that is currently held up in Citi Holdings. Therefore, based on this evidence, there is enough reason to believe that Citigroup will do much better.

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.