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Thundering through the Citi

18 July 2006 By Antony Currie

Despite the tumult in the stock market, the investment bank reported robust results in equities and M&A, and record overall revenues. Yet its book value trades at a lower multiple than lacklustre Citigroup. That seems undeserved. Yet it undeservedly trades at a lower multiple of book value than lacklustre Citigroup.

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