Herewith is our latest valuation model of $C stock. A residual income model was used after collating data from various sources, including the company's own financial statements.

Source: Pearl Gray Equity and Research

As always, this isn't financial advice but independent research.

The Atlanta Fed's GDPNow suggests a U.S. contraction will likely occur in late 2024, with lower consumer spending and sluggish inventories being salient. While we agree with the consensus, we remind readers that the prolonged "interest rate pivot" narrative shows that the economy has been more robust than most initially believed it would be.

Source: Atlanta Fed