This video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics around the investing world.
Citigroup announced that it has sold its stake in Shanghai Pudong Development Bank. Its 2.71% stake in the Chinese bank brought it $668 million. It's a small deal for Citi, but it's another step in its overall plan -- a plan that includes slimming down and expanding its presence in China. Anand explains what investors should take away from the move.
Overall, Anand is bullish on Citigroup for those who can withstand the significant risk and deal with the its opaque balance sheet and operations. If that's not for you, check out a small bank that's flying under the radar. It has some of the best operational numbers you'll ever see. The Motley Fool featured it in its brand-new free report: "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. To find out the name of the bank Warren Buffett would probably be interested in if he could still invest in small banks, just click here.
At the time thisarticle was published Anand Chokkavelu and The Motley Fool own shares of Bank of America and Citigroup. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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