Citigroup (NYSE: C ) has 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.