Time to Buy This Big Bank?
The following video is from Monday's MarketFoolery podcast, in which host Chris Hill and analysts Jason Moser and Matt Argersinger discuss the top business and investing stories of the day.
Citigroup's first-quarter profit was up a better-than-expected 30% thanks to strength in the company's investment banking business. Its shares are up around 25% since former CEO Vikram Pandit stepped down in mid-October. Has Citigroup turned the corner? What do Citi's numbers mean in the wake of last week's earnings from JPMorgan Chase and Wells Fargo ? In this installment of MarketFoolery, our analysts take stock in 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 deserves a spot on your watchlist, 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 relevant video segment can be found between 6:18 and 10:02.
The article Time to Buy This Big Bank? originally appeared on Fool.com.Chris Hill, Jason Moser, and Fool contributor Matthew Argersinger have no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and Wells Fargo, and owns shares of Bank of America, Citigroup, JPMorgan Chase, 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.
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