Citi chief Jane Fraser's strategy has likely given the bank 'fighting chance'- BofA
Citigroup C.N CEO Jane Fraser's business strategy has given the third largest U.S. lender a chance to be competitive, BofA Global Research says
BofA lifts C's PT to $100 from $89, the only third brokerage to have a $100 or above PT after Oppenheimer and Wells Fargo among 22 analysts covering the stock - LSEG
Fraser took over as CEO in 2021 and has undertaken numerous actions for co's turnaround, including - international consumer exits, balance sheet de-risking and streamlining businesses
"We consider Citi's turnaround as among the most complex in the corporate world, but Fraser had undertaken actions that give Citi a fighting chance of becoming competitive" - BofA
Shares of Citi up 1.66% at $84.01 in early trading
Citi is set to report qtrly results next month
Up to Wednesday's close, stock had risen 17.4% YTD
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