Wells Fargo says 'dominant pick' Citi's stock could double in three years
(Reuters) -Citigroup's stock could double in value over the next three years as profits surge, expenses moderate, and the "most significant" reorganization in five decades improves management accountability, Wells Fargo analysts wrote in a note on Friday. Citi's shares rose as much as 1.6% to $71.09. The vote of confidence marks a notable win for Citi CEO Jane Fraser, who has been looking to improve the bank's profitability since taking the helm in 2021.