"Dark" is a good description of Citigroup's current situation. With a new CEO (Mike Corbat), a new direction (compared to those freewheeling pre-crisis days), and a big pile of assets that Citi wished it didn't own (Citi Holdings), there are a lot of big question marks that Citi shareholders have to grapple with.
Should that automatically strike Citi from your list? Perhaps, especially if you have a low appetite for risk. However, with a tantalizingly cheap valuation, Citi could have significant gains in store if it's able to deliver on the optimistic vision that Corbat's hanging his hat on. An obvious, easy investment Citi is not. But a potential dark horse? Could be. In the video below, Motley Fool analyst discusses the situation at Citigroup.
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 deserves a spot on your watchlist, I invite you to read our premium research report on the bank today. We'll fill you in on both reasons to buy and reasons to sell Citigroup, and what areas that Citigroup investors need to watch going forward. Click here now for instant access to our best expert's take on Citigroup.
The article A Cheap Dark Horse in the Banking Sector originally appeared on Fool.com.
Fool contributor Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup. 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.
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