Daniel Abut & team Citi
The buy side says: “They are responsive to the buy side and able to anticipate how trends will impact the banks.”
Last year the Citi team captained by Daniel Abut took top honors in Financial Institutions; this year the sector has been expanded to include Banking & Financial Services, and Abut, 47, again captures the crown. The New York–based analysts are adept at “identifying key valuation drivers,” according to one money manager.
In May 2009 the four-member team upgraded Intergroup Financial Services Corp. from hold to buy, dubbing shares of the Peruvian bank and insurance services provider a bargain at $10.71. By late July the stock price had more than doubled, to $22.80, far outpacing the sector’s otherwise-impressive 46.4 percent gain. Abut “gathers the facts, presents his case — and he’s usually right,” marvels one investor.
