If You Had Invested $1,000 in Citigroup in 2001, This Is How Much You Would Have Today
Citigroup (NYSE: C) is one of the largest banks in the world and currently the third-largest bank by assets in the U.S. It's a lot different from some of its peers in that it runs an extremely global operation and it also runs a much smaller traditional deposit and lending operation, especially in the U.S.
The bank is currently in the midst of what is expected to be a multiyear transformation plan after generating returns that have trailed its large U.S. bank peers for a number of years now. And many, including Warren Buffett, think the plan has promise, with Buffett's company Berkshire Hathaway taking a position in Citigroup earlier this year.
It has been a long journey for the embattled bank. If you had invested $1,000 in the megabank in 2001, here's how much you would have today.
Source Fool.com
