Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



The Low-Down on Citigroup's Managment

If there's one thing that bank investors can take away from the terrible experience of the financial meltdown, it's that management is a very big deal. Banks like Wells Fargo  (NYSE: WFC  ) and JPMorgan Chase  (NYSE: JPM  ) took a more conservative approach to the market in the pre-crisis days, and that paid off as they didn't face the massive losses that competitors did. With the clear exception of JPMorgan's "London Whale" debacle, both banks are nicely positioned today.

Meanwhile, Bank of America's  (NYSE: BAC  ) crisis-era management -- with Ken Lewis at the helm -- arranged the disastrous acquisitions of Countrywide and Merrill Lynch. Both buys have "paid off" in the form of credit-related losses and seemingly unending lawsuits.

With this in mind, what should investors make of Citigroup's (NYSE: C  ) current management? There's a fresh face in the CEO spot with Michael Corbat recently taking over for Vikram Pandit. Is that good news? In the video below, I discuss Citi's management picture in greater detail.

To dig in deeper on Citigroup, and figure out how management impacts whether Citigroup's stock is a buy or a sell today, I invite you to read our premium research report on the bank today. Click here now for instant access.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2164113, ~/Articles/ArticleHandler.aspx, 10/22/2016 3:02:37 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
BAC $16.67 Up +0.11 +0.66%
Bank of America CAPS Rating: ****
BOH $74.02 Down -0.16 -0.22%
Bank of Hawaii CAPS Rating: *****
C $49.57 Down -0.01 -0.02%
Citigroup CAPS Rating: ***
JPM $68.49 Up +0.23 +0.34%
JPMorgan Chase CAPS Rating: ****
WFC $45.09 Up +0.16 +0.36%
Wells Fargo CAPS Rating: ****