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JPMorgan (JPM) discount michael kors handbags trades at 9.5 next year's earnings, Wells Fargo (WFC) is at 11.4 and Bank of America (BAC) is a 10.6. In other words, even throwing out market multiples Citi is cheap compared to its closest competitors in terms of earnings. Not only is it cheap, but by a pretty wide margin as well..
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