Does a New CEO Mean a New Direction for Citigroup?

By Chris Hill – Updated Apr 7, 2017 at 12:21PM

NYSE: WFC

Wells Fargo

Market Cap

$212B

Today's Change

(-0.03%) -$0.02

Current Price

$59.91

Price as of April 26, 2024, 4:00 p.m. ET

The video above is from Tuesday's MarketFoolery podcast, featuring host Chris Hill and analysts Joe Magyer and Bill Mann. In this segment, the guys discuss news that one day after reporting earnings, Citigroup (C 1.41%) CEO Vikram Pandit resigned. Click play to hear the guys' analysis of opportunities that new CEO Michael Corbat could explore, and why they believe he’s got an easy act to follow.

Of course, the most talked-about bank out there is Bank of America, which also reported earnings this week. Fool.com analyst Anand Chokkavelu, CFA, has authored an in-depth premium research report on BAC, detailing the bank's prospects and spelling out reasons to buy and sell. He'll also be providing a year's worth of guidance and updates on Bank of America as key developments occur, including an analysis of its quarterly earnings. Don't miss out on this invaluable resource -- click here now to access your copy today.

Bill Mann has no positions in the stocks mentioned above. Chris Hill has no positions in the stocks mentioned above. Joe Magyer owns shares of JPMorgan Chase. The Motley Fool owns shares of Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo.

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.