A recent Morgan Stanley report offered some insight into what analysts believe Citigroup Inc C's capital return plan will be in 2015. After an embarrassing rejection of its plan by the Federal Reserve in 2014, the analysis indicates Citigroup could be well-positioned to institute aggressive share buyback and dividend programs next year.
Analysts see four key reasons Citigroup should be free to return money to shareholders in 2015.
After a rocky 2014, Morgan Stanley analyst Betsy Graseck sees big things for the bank in 2015. “We expect a 4 cent dividend hike to 5 cents/quarter and $4.4 billion in buybacks in 2015," she said.
Morgan Stanley’s base case price target for Citigroup stock is $63, a more than 15 percent upside from current levels.
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