ards as a Global SIF1, slower wind-down on Citi Holdings than expected, and slower-than-expected growth in the emerging markets and potential fines. Citizens Financial Group (CFG) We use a three-factor valuation framework (P/TBV, P/E, DCF) to arrive at our $33 price objective and assign a 1.2x multiple to our 2017E TBV i

im H. Poonawala BB&T Corporation BBT BBT US Erika Najarian Capital Bank Financial Corp. CBF CBF US Erika Najarian Citigroup Inc. C CUS Erika Najarian Citizens Financial Group CFG CFG US Erika Najarian East West Bancorp, Incorporated EWBC EWBC US Ebrahim H. Poonawala FCB Financial Holdings, Inc FCB FCB US Ebrahim H. Poonawa