Despite being viewed as the banking sector laggard, Citigroup (NYSE: C ) reported strong first-quarter earnings, and shares responded quite positively. On the other hand, despite record profits, Wells Fargo (NYSE: WFC ) and JPMorgan Chase (NYSE: JPM ) disappointed investors with their quarterly results.
In this video, Motley Fool banking analyst David Hanson tells investors why Citigroup shares are moving higher, and if they still have room to run.
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, 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 areaCitigroup investors need to watch going forward. Click here now for instant access to our best expert's take on Citigroup.