Citi Never Sleeps

Plus: Coinbase, Klarna, Root

Welcome to another issue of Net Interest, my newsletter on financial sector themes. Every Friday I go deep on a topic of interest in the sector and highlight a few other trending themes underneath. If you enjoy Net Interest, please spread the word. It really makes a difference when you recommend this newsletter to others.

Citi Never Sleeps

Every investor has a stock they can’t help but scratch. Maybe it made them a lot of money and they look on it like a golden goose. Maybe they invested so much time getting to understand it, they can’t let it go. Whatever the reason, the stock seduces its investor with whispers of promise.

In my career as a professional investor, that stock was Citigroup.

On Monday next week, Citigroup welcomes a new CEO to its helm. So, like a moth to a flame, it’s time for another look.

Citigroup: A Long Term Value Stock

Jane Fraser takes over Citigroup with its stock pretty much where it’s always been. In the past ten years it has traded in a range between around $30 an…

This post is for paying subscribers