Is It a Fiscal Cliff Nightmare for Big Banks?
The U.S. as a nation is coming ever closer to what has become known as the fiscal cliff, the automatic tax increases and spending cuts aimed at reducing our national debt. But if Congress can't find a more tempered bipartisan solution to the debt issue, the drastic measures coming from the fiscal cliff may severely impact our economy in the short term, and many business and financial institutions are concerned.
But what about the big banks? Will this be hard for them too, or are they big enough to weather the storm? Motley Fool analyst Matt Koppenheffer takes a look at how the coming economic environment might impact the big banks.
Citigroup's stock looks tantalizingly cheap. Yet the bank's balance sheet is still in need of more repair, and there's a considerable amount of uncertainty after a shocking management shakeup. Should investors be treading carefully, or jumping on an opportunity to buy? To help figure out whether Citigroup is a buy today, I invite you to read our premium research report on the bank today. Click here now for instant access to our best expert's take on Citigroup.
The article Is It a Fiscal Cliff Nightmare for Big Banks? originally appeared on Fool.com.Fool contributor Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Goldman Sachs and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.