An Opportunity for Citigroup

Updated

Citigrouphas taken its share of slings and arrows in recent years, but it also has opportunities. The latest lies in its launch of a commodity trade finance unit. Taking personnel (and ostensibly market share) from European banks including Deutsche Bank and BNP Paribas, Citigroup is looking to pull a Wells Fargo and opportunistically feast on distracted, faltering competitors. JPMorgan Chase and Bank of America's Merrill Lynch are in similar positions.

This is another reason Fool analyst Anand Chokkavelu thinks there's more risk-weighted opportunity in U.S. banks than their European counterparts. Watch him explain in the following video.

With so many of the big finance firms getting bad press these days you may be inclined to stay away from the sector entirely, but that could be a huge mistake. In fact some of the best opportunities over the next few years can be found there, including one small, under-the-radar bank. It's been called one of The Stocks Only the Smartest Investors Are Buying. You can learn about it, and more, in our exclusive free report. Just click here to keep reading.

The article An Opportunity for Citigroup originally appeared on Fool.com.

Anand Chokkaveluowns shares of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase. He also owns long-dated options on Bank of America and warrants on Citigroup, Wells Fargo, and JPMorgan Chase. Andrew Tonner owns shares of Wells Fargo. The Motley Fool owns shares of JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup and has created a covered strangle position in Wells Fargo. 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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