Riskier: Citigroup or Bank of America?
Trading at less than half of book value each, Citigroup and Bank of America are the laggards in the big banking space. Is one riskier than the other? Fool analyst Anand Chokkavelu thinks that while both banks are spinning the "we've learned from past management's mistakes and are getting lean and focusing on core operations" story, Bank of America's slightly more believable. He's bullish on both but thinks that both are risky bets and that Citigroup edges out Bank of America on risky behavior (in a bad way). See the following video for his explanation.
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The article Riskier: Citigroup or Bank of America? originally appeared on Fool.com.
Anand Chokkavelu has shares of Citigroup and Bank of America as well as long-dated options in Bank of America and warrants in Citigroup. Austin Smith has warrants in Citigroup. The Motley Fool owns shares of Bank of America and Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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