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.
David Hanson has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Citigroup, JPMorgan Chase, and 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.