Last week we saw Citigroup , Bank of America and JPMorgan Chase's share prices dropping after the news that Japanese stocks were falling and other signs of weakness in the Asian markets. But since then, the Japanese Nikkei has fallen further, but the banks have recovered. In the video below, Motley Fool contributor Jessica Alling discusses why banks are exposed to the weaknesses in Asian markets, how they can offset any issues, and how long-term investors should categorize the most recent dip in share price.
Citigroup's stock looks tantalizingly cheap. Yet the bank's balance sheet is still in need of more repair, and CEO Michael Corbat still needs to prove himself. Should investors be treading carefully, or jumping on an opportunity to buy? To help figure out whether Citigroup deserves a spot in your portfolio, 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 Citigroup investors need to watch going forward. Click here now for instant access to our best expert's take on Citigroup.
The article Asian Market Weakness Hits Banks Hard originally appeared on Fool.com.
Fool contributor Jessica Alling has no position in any stocks mentioned -- you can contact her here. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. 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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