Improvement in the housing market has helped lift bank stocks this year, and Moshe Orenbuch, analyst at Credit Suisse, told CNBC's "Squawk Box" on Thursday that he expects that to continue at Citigroup.
Orenbuch's price target on Citi is $50 a share, which would add another 8 percent to year-to-date gains of 16 percent already. He also pointed to Citi's low valuation, improving capital, and profitability as other reasons for his bullish outlook on the stock.
But Orenbuch said he's not as optimistic about Bank of America, which has posted a 10 percent increase so far this year. His price target on the stock is $12 a share, which would be a 6 percent slide from current levels. He expressed concern about the risks of future charges from BofA's troubled Countrywide Financial unit.