3 Dirt-Cheap Stocks That Could Skyrocket
Like bargains? Most people do, even when the bargain in question is a stock. And these three stocks are so cheap right now that they could soon skyrocket. Their values are arguably just too low for most investors to pass up. All they need is the right nudge.
It's a tough time to be in the banking business. Although higher interest rates make lending a higher-margin business, the economic weakness that often accompanies periods of rising interest rates also raises the odds of delinquencies and defaults. Never even mind the fact that higher interest rates crimp demand for loans.
(NYSE: C) isn't immune to either of these headwinds. In fact, it's showing subtle signs that such headwinds are already putting some pressure on it. Its total loans as of the end of the second quarter were right around where they were a year earlier, and its allowance for credit losses is creeping higher. Deposits are down, and the amount of credit card loans between 30 days and 90 days past due is markedly higher now than it was as of the end of last year. The banking business seems to be taking a turn for the worse, and investors are acting accordingly.
Source Fool.com
Citigroup Inc. Stock
The stock is one of the favorites of our community with 23 Buy predictions and 2 Sell predictions.
With a target price of 71 € there is a slightly positive potential of 17.47% for Citigroup Inc. compared to the current price of 60.44 €.
