For the first time since September 2018, investors consider Citigroup Inc. to be worth at least the sum of its parts.
In a boost for Chief Executive Officer Jane Fraser as she pushes her turnaround plan, the bank’s market value relative to the value of its assets, known as price-to-book ratio, equalized Friday in a sign that the bank is making a comeback from its laggard status on Wall Street.
The ratio is a valuation metric that bank investors pay close attention to. Since regulators focus heavily on book value and banks’ business models can make their earnings volatile, the ...
