The following video is from Friday's Motley Fool Money roundtable discussion with host Chris Hill and analysts Joe Magyer, James Early, and Ron Gross.
In this segment, Citigroup (NYSE:C) shares rose this week on the news that the bank is cutting 11,000 jobs. Shares of other major banks rose, as well, despite Citi being the one doing the cutting. James analyzes the move for Citi, and shares his belief that the major Wall Street banks should be broken up.
Chris Hill has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup Inc , and JPMorgan Chase & Co. Motley Fool newsletter services recommend Goldman Sachs Group. 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.