Could Citigroup's Share Price More Than Double from Here?

Citigroup (NYSE: C) is woefully undervalued and its stock price is set to at least double before long, according to a senior analyst at prominent financial services firm Oppenheimer. This was done in the realistic anticipation that borrower defaults will rise significantly amid the extended fallout from the economic disruption wrought by the coronavirus pandemic. Additionally, the Fed ordered banks to suspend share repurchases for Q3, although that mandate will have less of an impact because many top institutions had already decided to halt stock buybacks.