Top blogger: Here's your best rising rate play

The Citigroup Center in San Francisco
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The Citigroup Center in San Francisco

Editor's note: David Alton Clark is the No. 1-ranked financial blogger based on pick returns, according to

The worm has turned regarding odds of a December rate hike.

Nevertheless, Citigroup continues to lag peers trading at a steep discount to tangible book. I submit Citigroup's prospects for profits are vastly under appreciated.

Friday's blowout jobs number sealed the deal for a December rate hike. The entire financial sector rallied on the news. The Financial Select Sector SPDR ETF rose 1 percent.

The short-term interest rate futures are pricing in a 75 percent chance of a rate hike in December. The current quandary for investors is not whether to place a bank bet, but rather on which bank to bet.

I posit Citigroup currently offers the best bang for buck of the big banks.

Here's why...