This Critical Business Unit Is 1 Reason Investors Should Look at Citigroup
Citigroup (NYSE: C) has long been a problematic stock for investors to analyze. While it's a large U.S. bank, it is hard to put a label on it. It runs an investment banking and trading operation and a U.S. deposit and lending franchise, but it's not the dominant player in either category. The bank is building out wealth management but still has some work to do. Citigroup is also extremely global, which adds to its complexity regarding how its business is affected by various interest rates and central banks.
However, if investors are trying to understand the investment case for the bank other than its discounted price and strong dividend, they should take a look at one particularly critical business unit. Here's why.
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Source Fool.com
