The following video is from Wednesday's Market Foolery podcast, in which host Chris Hill, along with analysts Jason Moser and Bill Barker, discuss the top business and investing news.
In this segment, shares of Citigroup (NYSE:C) rose 6% after the company announced that it would be downsizing by 11,000 jobs. Is this a sign that the company is finally making the hard decisions, cutting costs, and becoming more attractive to investors? Our analysts discuss why it is so hard to understand the fundamentals of the big banks, and why, even though signs like this seem good, without those fundamentals it will always be hard to form a truly sound investment thesis.
Chris Hill has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo. 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.