11 Best Spring Stocks to Buy Right Now

Page 9 of 10

2. Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) ranks among the best spring stocks to buy right now. On February 17, Morgan Stanley boosted Citigroup Inc. (NYSE:C)’s price target to $152 from $135 and labeled the bank its top pick, retaining an Overweight rating on the company’s shares. According to the firm, Citigroup Inc. (NYSE:C) is moving closer to its 2026 return on tangible common equity goal of 10% to 11%. Looking forward to the investor day on May 7, analyst Manan Gosalia expects the bank to lay out a roadmap for a mid-teens ROTCE by 2030.

The firm predicts that, as transformation and residual costs decrease, Citigroup Inc. (NYSE:C) will boost its market share across its businesses. Morgan Stanley also deemed the bank’s valuation of 1.0 times its 2027 tangible book value per share attractive.

In addition, the bank recorded strong quarterly results back in January. The Services division was the bank’s strongest branch, with a 36% ROTCE, followed by U.S. Personal Banking (14%) and Banking (13%).

Citigroup Inc. (NYSE:C) is a diversified financial services holding company that provides a range of products and services to consumers, corporations, governments, and institutions. It operates through five segments: Services, Markets, Banking, US Personal Banking, and Wealth.

Page 9 of 10