Citigroup's Complicated Trajectory and Performance

Citigroup's recent earnings report shows growth in revenue and earnings, with investment banking being a particular strong point. However, despite these positive numbers, the bank's stock performance has been underwhelming in recent years. Citigroup is currently trading at a low valuation with a high dividend yield, making it an enticing investment option. The bank is undergoing major changes under the leadership of CEO Jane Frazier, who is focused on streamlining operations, cutting management layers, and automating processes. While there is skepticism surrounding the turnaround efforts, Frazier's aggressive plans have already started to bear results, such as the successful automation of certain bank processes and the streamlining and restructuring of international banking operations.